On Wednesday and Thursday (17-18 July) chip stocks and the US dollar weakened driven by remarks from Trump and trade tensions. Explore more.
The Japanese Yen (JPY) continued to fall on Tuesday, 2nd July, reaching a new 38-year low against the US Dollar (USD) at around 161.66. With the Yen at a multi-decade low, speculation is mounting about a potential intervention by Japanese officials to stabilise the currency. What should traders expect?
Former Goldman Sachs chief economist, Jim O'Neil, has been calling for countries to challenge the US dollar. Brazil and China agreed to trade in their own currencies in a move seen as a step towards rivaling US global economic dominance.
Key Forex pairs across Asia have been experiencing ups and downs in recent days due to China’s resistance to ending COVID-19 containment measures.
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