(Bloomberg) The yen is sliding faster against the euro than the dollar as speculation grows that the European Central Bank will take it slow in cutting interest rates because inflation remains elevated.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around
The yen is sliding faster against the euro than the dollar as speculation grows that the European Central Bank (ECB) will take it slow in cutting interest rates because inflation remains elevated. The Japanese currency has weakened 1.3 percent against the euro this month and is approaching its previous record…
Oil Poses More Risks for Yen as Japan Depends on Energy Imports bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Global stock markets mostly rose Thursday with traders mulling the outlook for US interest rates as Federal Reserve officials questioned the need for a cut anytime soon.
Oil edged up after the previous day's losses, which were fuelled by data indicating softer demand in the United States and fading fears of a regional war in the Middle East.