Hawkish Fedspeak keeps dollar king, yen slumps to 20-year low - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The dollar rose to a two-decade peak against the yen and kept close to a two-year high to the euro on Friday, as more hawkish comments from Federal Reserve officials reinforced expectations for faster US policy tightening.

The greenback was 0.43% higher at 126.40 yen after earlier reaching 126.56 for the first time since May 2002.

By contrast, European Central Bank President Christine Lagarde said around the same time that there was no clear time-frame for when ECB rates would start to rise, adding that it could be weeks or even several months after the central bank winds down its stimulus scheme in the third quarter. US Treasury yields resumed their climb overnight,following a two-day decline, further buoying the greenback.

Japanese Finance Minister Shunichi Suzuki warned on Tuesday that the government is watching yen moves and their impact on the economy “with a sense of urgency”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Im a carpenter I got retrenched in 2020. Im struggling to find employment. My children often cry themselves to sleep because they sleep hungry😭. I don't feel like a man because of that💔. I ask for any food nearing their expiry date🙏🏻

I was introduced into his platform by a friend I met online Harrismayson0. I thought it was a scam company as well.... But I was moved to try once again with Harrismayson0 I just wanna share this with my people, it was a WIN and i am GREATFUL.🙏🙏🙏🙏 GRATITUDES.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How to reach 850,000 South African business ownersBusinessTech is the best online platform to reach South African business owners, thanks to its position as the largest business news website in the country.
Source: BusinessTechSA - 🏆 24. / 61 Read more »