The dollar barely budged as investors shrugged off Fitch’s U.S. credit rating downgrade, while the yen made up ground as traders assessed the Bank of Japan’s approach to monetary policy. | Reuters
There was little reaction in the world’s most traded currency pair, with the euro down less than 0.1% against the dollar at $1.098.
“Even when there’s bad news … there is a behavior where businesses and people think ‘I need my dollars to pay my invoices and dollar-denominated debts’,” said Jane Foley, head of FX strategy at Rabobank. The Japanese yen rose 0.42 percent to 142.74 per dollar and looked set to reverse three sessions of losses, with traders still assessing the implications of the BOJ’s move on Friday to loosen its grip on interest rates.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU leader cites Russia’s invasion of Ukraine to warn against China’s aggression in AsiaThe leader of the EU’s executive commission cited Russia’s invasion of Ukraine to warn against China’s increasingly assertive actions in disputed Indo-Pacific waters and against Taiwan and said that the EU would not tolerate aggression in either region.
Read more »
US says formally invites new Chinese foreign minister Wang Yi to WashingtonThe United States has formally invited China’s newly reappointed foreign minister, Wang Yi, to Washington, the U.S. State Department said on Tuesday, after Wang’s predecessor was abruptly removed from his post by Beijing. | Reuters
Read more »
Colombian president’s son says innocent of money launderingBogotá, Colombia — Colombian President Gustavo Petro&039;s eldest son on Tuesday said he was not guilty of money laundering, in a scandal linked to his father&039;s election
Read more »
Australia’s Great Barrier Reef off Unesco danger list, still under ‘serious threat’A Unesco heritage committee stopped short of listing Australia’s Great Barrier Reef as a site that is “in danger” but warned the world’s biggest coral reef ecosystem remained under “serious threat” from pollution and the warming of oceans. | Reuters
Read more »
MTRCB chair Lala Sotto on parents Tito, Helen’s kiss on ‘E.A.T.’: ’44 years na silang ganyan’The couple’s daughter and MTRCB chairperson Diorella “Lala” Sotto-Antonio said that her parents have been affectionate toward each other on national TV for the last 44 years, and that it was never an issue. READ:
Read more »
IS claims responsibility for bombing that killed 54 at pro-Taliban election rally in PakistanAn Afghan branch of Islamic State on Monday claimed responsibility for a suicide bombing in Pakistan that killed at least 54 people at a pro-Taliban party’s election rally, in one of the region’s worst attacks in recent years. | AP
Read more »