The yen rose as much as 2.5% against the dollar, pulling back sharply from the lows of the day when it had breached a key psychological level of 145, as top currency official Masato Kanda said Thursday the government was taking “decisive action.”
“The government is concerned about excessive moves in the foreign exchange markets, and we took decisive action just now,” Kanda said late afternoon. “We’re seeing speculative moves behind the current sudden and one-sided moves in the foreign exchange market.” “At best, their action can help to slow the pace of yen depreciation,” said Christopher Wong, a currency strategist at Oversea-Chinese Banking Corp. “The move alone is not likely to alter the underlying trend unless the dollar, US Treasury yields turn lower or the BOJ tweaks its monetary policy.”
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Russia's invasion of Ukraine tramples UN charter: Japan PM - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Japanese Prime Minister Fumio Kishida, addressing the United Nations General Assembly on Tuesday, condemned Russia’s invasion of Ukraine as destabilising the international order to its core and said the rule of law, not coercion by power, should prevail. What about sanctions against Zimbabwe by usa EU for 22 years now. He is talking nonsense. What about invasion of Middle East countries by USA. He is talking Nonsense 'Russia’s invasion of Ukraine as destabilising the international order to its core,' 💪🏾 Great! We must never be governed by international orders.
مصدر: SABCNews - 🏆 37. / 51 اقرأ أكثر »
Business Maverick: South Africa Produces First Military Aircraft Since the 1980sThe Paramount Group has produced and sold the first military aircraft made in South Africa since the 1980s when state-owned arms maker Denel SOC Ltd. unveiled the Rooivalk, or red falcon, attack helicopter. Congratulate paramount for a tour de force. Mentioning Rooivalk adds nothing but snide toward Mwari. Sexy COINcraft. With dozens of low-intensity, asymmetric conflicts in sparsely populated regions, in various parts of Africa and the ME, one would think there'd be more interest in this platform. Rooivalk = kestrel, not Red Falcon.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Business Maverick: Putin Calls Up More Troops, Resumes Nuclear Threat Over UkraineRussian President Vladimir Putin declared a “partial mobilization,” calling up 300,000 reservists, in a major escalation of his flagging invasion of Ukraine, which he portrayed as a fight to the death with the US and its allies. Rooi Gevaar The man will never ever achieve his goals, as long as the West and EU is involved...he better just accept the defeat......finish and klaar...
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Business Maverick: Stocks Bounce as Yields Drop in Countdown to Fed: Markets WrapStocks bounced back as Treasury yields halted their surge, with traders awaiting to hear the Federal Reserve’s policy decision and its “dot plot” of economic projections that’s expected to show a push to hold rates higher for longer.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »