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  • Asia FX Weakens On recession Wo Yen Supported By Yield Cap Bets

    Asia FX Weakens On recession Wo Yen Supported By Yield Cap Bets0

    Most Asian currencies retreated on Thursday as weak U.S. economic data pushed up fears of a potential recession, while the Japanese yen recouped most of its recent losses on speculation that the Bank of Japan may yet increase its yield control range. The yen was the best-performing Asian currency for the day, rising 0.5% to

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  • Aussie Falters on Soft Jobs Data, kiwi Calm After Ardern Resignation

    Aussie Falters on Soft Jobs Data, kiwi Calm After Ardern Resignation0

    The Australian dollar reversed a recent rally on Thursday, as rising fears of a U.S. recession and soft local jobs data knocked the risk-sensitive currency, while the kiwi was little moved by the resignation of Prime Minister Jacinda Ardern. The Aussie eased 0.4% to 0.6910%, the softest level in one week, after hitting a five-month

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  • BOJ keeps Record-Low Rates Unchanged, Maintains Yield Curve Control

    BOJ keeps Record-Low Rates Unchanged, Maintains Yield Curve Control0

    The Bank of Japan (BOJ) kept its benchmark interest rates unchanged as expected on Wednesday, and also maintained its current rate of yield curve control, ducking market expectations for more hawkish signals. The Japanese yen plummeted after the move, dropping over 2% to 130.75 against the dollar, while yields on benchmark Japanese government bonds slumped

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  • U.K. Unemployment Rose Less Than Feared in December

    U.K. Unemployment Rose Less Than Feared in December0

    The U.K. labor market stayed stronger than expected in December, with the number of benefit claimants rising only moderately. At the same time, wage growth in November, the last month for which data are available, grew more strongly than expected, rising 6.4% on the year, according to the Office for National Statistics. The figures add

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  • China Q4 GDP Slows on COVID Woes, But Beats Expectations

    China Q4 GDP Slows on COVID Woes, But Beats Expectations0

    The Chinese economy grew at a slower pace in the fourth quarter of 2022, data showed on Tuesday, as disruptions caused by the country’s now relaxed zero-COVID policy weighed heavily on business activity, although the reading still beat expectations. Chinese gross domestic product (GPD) grew at an annualized rate of 2.9% in the three months

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  • Crude Oil Lower; Monthly Demand Reports in Focus

    Crude Oil Lower; Monthly Demand Reports in Focus0

    Oil prices fell Monday, consolidating after last week’s strong gains ahead of the release of demand forecasts from the OPEC and the IEA as well as a deluge of potentially influential economic data due this week. By 04:35 ET (09:35 GMT), U.S. crude futures traded 0.7% lower at $79.55 a barrel, while the Brent contract

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