SINGAPORE, Jan 19 ― The dollar rose broadly today as growth concerns about the US economy drove demand for the safe-haven greenback, while the yen renewed its ascent as...
SINGAPORE, Jan 19 ― The dollar rose broadly today as growth concerns about the US economy drove demand for the safe-haven greenback, while the yen renewed its ascent as investors doubled down on bets that the Bank of Japan would shift away from its yield curve control policy.
Sterling fell 0.17 per cent to US$1.2327 , away from the previous session's one-month high of US$1.2435, while the Aussie skidded 0.49 per cent to US$0.6907, after suffering a 0.64 per cent loss yesterday. Defying market expectations, the BoJ kept its interest rate targets and yield band intact, and instead crafted a new weapon to prevent long-term rates from rising too much, in a show of resolve to maintain its YCC policy for the time being.
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