Concurrently, oil prices dipped, exerting additional pressure on the broader dollar index across Asia. Trump's stern calls on OPEC, particularly Saudi Arabia, to boost production and slash prices are a boon for Asia's vast oil-dependent economies, alleviating some of their financial strain.
Japan's central bank has raised its key interest rate to about 0.5% from 0.25%, noting that inflation is holding at a desirable target level.
Markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen strengthened after a widely expected interest rate hike by the Bank of Japan. Given this reality,
After Trump said he would “demand that interest rates drop immediately,” the 2-year Treasury yield edged lower and stocks ticked up.
Japan's central bank raised interest rates to their highest since the 2008 global financial crisis and revised up its inflation forecasts.
Equity benchmarks rose in Tokyo ahead of a key interest rate decision by the Bank of Japan later Friday, where a hike is expected. Stocks also rose in Sydney and Seoul. The S&P 500 advanced 0.5%, with the gauge topping the 6,
Asian markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen weakened slightly ahead of an expected interest rate hike by the Bank of Japan later in the day.
Asian shares rallied yesterday after US President Donald Trump said he thought he could reach a trade deal rather than impose tariffs on China.The SET index moved in a range of 1,338.29 and 1,363.92 points this week,
The US dollar dropped as much as 0.8 percent against a basket of currencies on Friday, before narrowing losses at the end of the day to be down 0.65 percent, but it still had its biggest weekly loss since November 2023, having lost 1.8 percent since Monday.
Futures for Canada's main stock index were flat on Friday, after eight successive sessions of gains for the index, as investors refrained from big bets amid uncertainty over U.S. President Donald Trump's latest tariff threats.
The US dollar dropped as much as 0.8% against a basket of currencies on Friday, before narrowing losses at the end of the day to be down 0.65%. But it still had its biggest weekly loss since November 2023, having lost 1.8% since Monday. Some analysts warned that the dollar could rise again if the US tariff and interest rate policies shifted.
The Bank of Japan raised its key policy rate to the highest level since 2008 and took a more bullish view on the strength of inflation.The rate hike followed a report showing consumer prices excluding fresh food rising at a faster pace of 3%,