Yen Gains as BoJ Raises Rates to Multi-Year High
markets analysis on behalf of Konstantinos Chrysikos Head of Customer Relationship Management at Kudotrade
The Japanese Yen strengthened against the U.S. dollar following the Bank of Japan’s (BoJ) widely anticipated 25-basis-point rate hike, elevating its policy rate to the highest level since 2008. The market continues to see a potential for additional rate increases while the Bank...
Gold rises amid weak dollar
by Samer Hasn, Senior Market Analyst at XS.com
Gold continues its remarkable advance for the third consecutive day, reaching its highest level since October of last year, near $2,764 per ounce.
Gold’s gains come amid the weakness of the US dollar as the market reassesses the future of the upcoming trade war, in addition to the prevailing uncertainty about the future of the...
