Yen Rises Amid Setback in Japan's Upper House Elections - Jordan News
The yen stabilized at 148.46 against the U.S. dollar, remaining close to its three-and-a-half-month low recorded last week due to growing investor concerns
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Jordan News
15 hours ago
- Jordan News
Hiroshima Marks 80 Years Since Atomic Bombing
اضافة اعلان Hiroshima commemorated today, Wednesday, the 80th anniversary of the atomic bombing carried out by the United States, holding a memorial ceremony attended by representatives from over 100 countries. A moment of silence was observed during the exact time the bomb was dropped on the southern Japanese to the moment of silence, many participants laid wreaths of flowers at the memorial site dedicated to the this solemn occasion, Hiroshima once again urged world leaders to take action toward eliminating nuclear Matsui, the Mayor of Hiroshima, stated:'The United States and Russia possess 90% of the world's nuclear warheads. Amid the ongoing war in Ukraine and tensions in the Middle East, we are witnessing a rapid trend toward military buildup across the globe.'He added:'Some leaders still believe that nuclear weapons are essential for national defense, blatantly ignoring the lessons that should have been learned from the tragedies of the past. Such thinking threatens to undermine efforts to promote peace.'Representatives from 120 countries and regions, including the United States — which has never issued an official apology for the attack — and the European Union, participated in the ceremony. A similar memorial will be held in Nagasaki this Saturday, with a record number of countries expected to the morning of August 6, 1945, at exactly 8:15 AM, a U.S. military aircraft dropped an atomic bomb on Hiroshima, killing approximately 140,000 days later, the U.S. dropped another nuclear bomb on the southern city of Nagasaki, resulting in around 74,000 two bombings, believed to have hastened the end of World War II, remain the only instances in history where nuclear weapons were used during wartime.
Ammon
3 days ago
- Ammon
Dollar steadies after tumble as investors eye imminent Fed cuts
Ammon News - A battered dollar edged marginally higher on Monday after a dismal U.S. jobs report and President Donald Trump's firing of a top labour official stunned investors and led them to ramp up bets of imminent Federal Reserve rate cuts. Data on Friday showed U.S. employment growth undershot expectations in July while the nonfarm payrolls count for the prior two months was revised down by a massive 258,000 jobs, suggesting a sharp deterioration in labour market conditions. Adding to headwinds for markets, Trump fired Bureau of Labor Statistics Commissioner Erika McEntarfer the same day, accusing her of faking the jobs numbers. The greenback recovered some of its losses against the Japanese currency on Monday, last trading 0.14% higher at 147.60 yen . Still, it was down about 3 yen from its peak on Friday. The euro fell 0.2% to $1.1560 , while sterling eased 0.1% to $1.3263. Against a basket of currencies, the dollar edged up 0.2% to 98.86, after sliding more than 1% on Friday. In other currencies, the Australian dollar slipped 0.17% to $0.6465, after rising 0.8% on Friday against a weaker greenback. The New Zealand dollar eased 0.24% to $0.5905. Reuters The Swiss franc was last little changed at 0.8041 per dollar. Reuters
Jordan News
28-07-2025
- Jordan News
Euro Edges Higher After U.S.–EU Trade Deal; Markets Focus on Central Bank Meetings - Jordan News
Euro Edges Higher After U.S.–EU Trade Deal; Markets Focus on Central Bank Meetings The euro rose slightly on Monday following the announcement of a framework trade agreement between the United States and the European Union, the latest move to ease global trade tensions and avoid a full-scale trade war. Attention is now turning to upcoming central bank meetings in the United States and Japan. اضافة اعلان During a meeting in Scotland on Sunday, U.S. President Donald Trump and European Commission President Ursula von der Leyen agreed to impose 15% tariffs on most EU imports — half the rate previously threatened by Trump for August 1. Following the news, the euro climbed to $1.1753, up 0.1% after initially gaining 0.3%. It also strengthened against the Japanese yen, reaching 173.64 yen, marking a fifth straight session of gains and hitting its highest level in a year. Market Sentiment Shifts as Trade Tensions Ease With fears over economic fallout from punitive tariffs subsiding, investors are turning their focus to corporate earnings and monetary policy meetings in Washington and Tokyo this week. Rodrigo Catril, Senior Currency Strategist at National Australia Bank, said in a bank podcast: 'It could be a positive week simply because we now know the rules of the game... With increased clarity, there may be greater global readiness to invest, expand, and pursue opportunities.' Still, a comprehensive U.S.–China trade agreement remains elusive, despite plans for high-level negotiators to meet in Stockholm on Monday. The dollar held steady at 147.65 yen, while the U.S. Dollar Index stayed at 97.582. Central Banks in Focus Both the Federal Reserve and Bank of Japan are expected to hold interest rates steady in their policy meetings this week. However, traders will closely monitor post-meeting statements for clues about future policy shifts. President Trump also announced that the EU plans to invest around $600 billion in the U.S., including significant increases in purchases of energy and military equipment. This mirrors a similar deal struck with Japan last week, which involves $550 billion in investment and 15% tariffs on Japanese imports, including cars. While some in Europe still view the 15% base tariff as excessively high, falling short of the EU's goal of zero tariffs, the agreement provides short-term relief to markets. Strategic Flows and Euro Outlook Shoki Omori, Chief Desk Strategist at Mizuho Securities, noted that the investment clause may lead to capital outflows from Europe, bolstering the U.S. dollar over the longer term: 'Weak relative growth prospects and a deteriorating current account justify a gradual decline in EUR/USD once the initial boost fades.' Meanwhile, China faces an August 12 deadline to finalize a long-term trade deal with the U.S. Talks in Stockholm are expected to result in a three-month extension of the current tariff truce, according to the South China Morning Post. Broader Market Sentiment and Crypto Surge Global equities and risk-sensitive assets received a lift ahead of a busy week for corporate earnings, with key results expected from Apple, Microsoft, Amazon, and Meta — four of the 'Magnificent Seven' tech giants whose stock movements heavily influence benchmark indices. In cryptocurrency markets, Ethereum jumped 1.5% to $3,905.79, its highest level since December 2024. Meanwhile, the U.S. dollar gained strength last Friday, supported by robust economic data that suggested the Federal Reserve may hold off on further interest rate cuts for now. GBP/USD traded at 1.3443, largely unchanged. The Australian dollar held at $0.6568, and the New Zealand dollar at $0.6014. Markets now await further cues from central banks and trade negotiations to assess the durability of the euro's upward momentum.
