Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
The South African rand gained over 1% against the U.S. dollar on Thursday, following the release of American employment data that fell significantly short of market expectations.
The British pound advanced against a broadly weaker U.S. dollar on Friday following the release of a U.S. jobs report that came in below expectations. The data has reinforced market speculation that the Federal Reserve may be finished with its interest rate-hiking cycle.
The British pound was stable against the U.S. dollar on Monday, as the American currency gained strength on expectations of a hawkish Federal Reserve, despite recent weak jobs data. Investors are looking ahead to the release of the Fed's latest meeting minutes on Wednesday.
South Korea has extended trading hours for the won-dollar market to operate nearly 24 hours a day. The reform is a major step in the country's effort to improve foreign investor access and secure an upgrade to developed-market status in global equity indexes.
U.S. Treasury yields fell on Monday as investors reacted to a much weaker-than-expected June jobs report, increasing speculation about the future path of interest rates. Market attention is now turning to the upcoming release of the Federal Reserve's policy meeting minutes.
Taiwan's central bank has confirmed it intervened in the foreign exchange market in June, a move that contributed to a decline in the country's foreign exchange reserves to $597.15 billion.
The U.S. dollar held steady on Monday, following its largest single-day drop since late April, as investors await further signals on monetary policy from the Federal Reserve. The Japanese yen remained near a 40-year low, raising concerns about potential government intervention.
The Japanese yen weakened on Tuesday, trading near a multi-decade low against the U.S. dollar as traders test the resolve of Japanese authorities to intervene. The currency's decline comes amid speculation about Tokyo's strategy and a broader weakening of the U.S. dollar.
The Bank of Israel has reduced its benchmark interest rate for the second consecutive time, bringing it down to 3.50% in a move to address the persistent strength of the national currency, the shekel. The decision, which was widely anticipated, brings borrowing costs to their lowest level since late 2022.
