Singapore - Saba:
The US dollar hovered near a one-month high on Wednesday as markets awaited the Federal Reserve’s monetary policy decision.
Meanwhile, the euro appeared poised to end a six-month rally amid concerns over the cost of the US-EU trade deal.
The yen strengthened after a powerful earthquake off Russia’s Kamchatka Peninsula triggered tsunami warnings and evacuation orders across Japan’s eastern coast.
Currency markets remained largely steady, with investors cautious ahead of key economic data and central bank meetings in Canada, Japan, and the US.
In trade developments, US and Chinese officials agreed to extend the 90-day tariff truce following constructive talks in Stockholm. Investors are closely watching for trade agreements before the August 1 deadline set by President Trump.
The euro edged up to $1.1555 after hitting a one-month low of $1.15185 on Tuesday, although it’s on track for its first monthly loss in 2025 despite gaining 11.7% this year. The dollar index stood at 98.823, near its monthly high, signaling its first monthly gain of the year.
The yen rose 0.4% to 147.85 per dollar, briefly touching 148.06 following the quake and tsunami alerts amid infrastructure concerns in Japan.
In cryptocurrencies, Bitcoin climbed 0.5% to $118,042.85, while Ether rose 1.2% to $3,808.81.
The US dollar hovered near a one-month high on Wednesday as markets awaited the Federal Reserve’s monetary policy decision.
Meanwhile, the euro appeared poised to end a six-month rally amid concerns over the cost of the US-EU trade deal.
The yen strengthened after a powerful earthquake off Russia’s Kamchatka Peninsula triggered tsunami warnings and evacuation orders across Japan’s eastern coast.
Currency markets remained largely steady, with investors cautious ahead of key economic data and central bank meetings in Canada, Japan, and the US.
In trade developments, US and Chinese officials agreed to extend the 90-day tariff truce following constructive talks in Stockholm. Investors are closely watching for trade agreements before the August 1 deadline set by President Trump.
The euro edged up to $1.1555 after hitting a one-month low of $1.15185 on Tuesday, although it’s on track for its first monthly loss in 2025 despite gaining 11.7% this year. The dollar index stood at 98.823, near its monthly high, signaling its first monthly gain of the year.
The yen rose 0.4% to 147.85 per dollar, briefly touching 148.06 following the quake and tsunami alerts amid infrastructure concerns in Japan.
In cryptocurrencies, Bitcoin climbed 0.5% to $118,042.85, while Ether rose 1.2% to $3,808.81.