SINGAPORE/LONDON, Oct 3 (Reuters) – Sterling rose on Monday after Britain reversed plans to cut its top income tax, while the yen weakened to more than 145 against the dollar last month, the level at which Japanese authorities intervened last month. The pound touched a one-week high of $1.128, its highest level since Sept. 22, … Read more
Singapore, Aug 1, 2010 (FBC) – Asia’s foreign exchange reserves posted their biggest six-month decline in years, signaling policymakers’ determination to protect currencies from persistent downward pressure from a stronger US dollar. In the first half of 2022, total reserves fell by $372 billion, or 6.2 percent. In the six months to January 2016, it … Read more
Yen’s flight to safety The euro dropped to a 20-year low to $ 1.00720. Stable or strong U.S. jobs data could boost the dollar – analysts say LONDON, July 8, 2010 (FBC) – Former Japanese Prime Minister Shinzo Abe was shot dead as he campaigned for a parliamentary election last Friday, raising questions about Yen … Read more