The yen fell on Thursday as some calm returned to markets following fears that t...
LONDON - The yen fell on Thursday as some calm returned to markets following fears that the U.S. economy could be headed for a recession, while the Australian dollar and other currencies hit in the recent selloff rebounded.
Foreign exchange markets have remained relatively calm despite big moves in bond markets, where investors have piled into government debt in anticipation of a global growth slowdown.The latest turbulence in financial markets was triggered by an inversion in the U.S. Treasury yield curve US2US10=TWEB for the first time in 12 years, which helped lift gold prices and drove a massive selloff in U.S. stocks and oil.
Sentiment was already fragile after economic data from China and Germany revealed the extent of the damage the China-U.S. trade dispute is causing.. On Wednesday, the yen rallied 0.8% versus the greenback, its biggest daily gain in two weeks. The dollar index .DXY, which measures its value against a basket of six major currencies, stood at 97.956, unchanged on the day.“We see modest downside risks to EUR/USD today stemming from the potential effect of constructive US data on UST yields and offsetting the effect of stabilizing risk appetite,” ING analysts said in a note.rose 0.5% to $0.6781 after data showed the Australian economy added a forecast-busting 41,100 new jobs in July.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Chinese yuan surrenders some gains; yen climbs as growth fears returnChina's offshore yuan gave up some of its earlier gains on Wednesday as wea...
Leer más »
Breakingviews - U.S. recession signal bears clear fingerprints(Reuters Breakingviews) - A U.S. recession warning from financial markets has Do...
Leer más »
Stocks Nosedive Amid Fears of a Trump-Induced RecessionMarkets dropped Wednesday as the president’s trade wars weigh on global economic growth.
Leer más »
Consumers are America's not so secret weapon to keep economy afloat, but they can't save the worldWith markets reeling from recession fears, the world is watching the so far resilient U.S. consumer, now in the strongest position since before the financial crisis.
Leer más »
U.S. Futures Drop as Treasurys Flash Warning SignalU.S. stock futures tumbled and Treasury markets sent a new recession signal after weak German and Chinese economic data stoked fears of an impending global slowdown.
Leer más »