Dollar hits year-to-date lows as bulls get nervous
SINGAPORE - The yen shot to a 2-1/2 month high on Friday on the back of a jump in Japanese inflation, while the dollar was set for a third weekly drop in a row as traders calculated the start of Donald Trump's second term has been mostly bluster on the tariff front.
The dollar nursed broad losses as bulls who had built up big long positions in anticipation of a trade war have backed off while Trump equivocates about tariffs. "Some of those longs are becoming impatient because the only thing he has done is put 10% on China - so the market is taking some of that money off the table."
U.S. stocks sold off on Thursday with the Dow dropping 1%, and the S&P 500 and Nasdaq both shedding just under half a percent.A remark from Trump that a trade deal with China was possible lifted the trade-sensitive Australian and New Zealand dollars.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Asia shares track Wall Street higher, Treasury yields languish near lowsAsia shares track Wall Street higher, Treasury yields languish near lows
مزید پڑھ »
Lanterns light up southern Chinese city ahead of Lunar New YearLanterns date back to a thousand-year-old tradition in China and are a common sight in the country
مزید پڑھ »
China Jan manufacturing activity unexpectedly contracts, hits five-month lowChina Jan manufacturing activity unexpectedly contracts, hits five-month low
مزید پڑھ »
Singer, actress Marianne Faithfull dies at 78she was known for hits like As Tears Go By
مزید پڑھ »
Soccer England: Chelsea Sign US Defender Girma In World Record TransferChelsea have made Naomi Girma the first female million-dollar player, signing the United States defe...
مزید پڑھ »
Dollar treads water as Trump tariff clarity, central banks awaitedDollar treads water as Trump tariff clarity, central banks awaited
مزید پڑھ »