U.S. Dollar Declines Against Japanese Yen for Fourth Consecutive Session
The U.S. dollar declined on Thursday against the Japanese yen and the euro, marking its fourth consecutive session of losses against the yen, falling by 0.3% to 146.01.
The U.S. Dollar Index dropped to 97.15, while the yen maintained its gains following progress in trade agreements between the United States and its key trading partners, which improved market sentiment.
The euro approached its highest level in nearly four years, stabilizing at $1.1776, close to its peak of $1.1830. Meanwhile, the British pound held steady at $1.3581.
The Australian dollar rose to its highest level in eight months at $0.66135, while the New Zealand dollar gained 0.11% to reach $0.6053.
Whatsapp Telegram Email Print
more of (International)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Saba Yemen
4 days ago
- Saba Yemen
U.S. Dollar Declines Against Japanese Yen for Fourth Consecutive Session
Singapore - Saba: The U.S. dollar declined on Thursday against the Japanese yen and the euro, marking its fourth consecutive session of losses against the yen, falling by 0.3% to 146.01. The U.S. Dollar Index dropped to 97.15, while the yen maintained its gains following progress in trade agreements between the United States and its key trading partners, which improved market sentiment. The euro approached its highest level in nearly four years, stabilizing at $1.1776, close to its peak of $1.1830. Meanwhile, the British pound held steady at $1.3581. The Australian dollar rose to its highest level in eight months at $0.66135, while the New Zealand dollar gained 0.11% to reach $0.6053. Whatsapp Telegram Email Print more of (International)
Saba Yemen
4 days ago
- Saba Yemen
Tokyo: U.S. to cut tariffs on Japanese cars to 15%
Tokyo - Saba: Japanese Prime Minister Shigeru Ishiba announced today that the United States will reduce its tariffs on Japanese automobiles from 25% to 15%, following a trade agreement reached between the two countries. Ishiba told reporters, "We have agreed to halve the additional 25% tariffs imposed on cars and auto parts since last April to 15%," including the base tariff of 2.5%. He added, "We are the first country in the world to secure a reduction in additional tariffs on cars and auto parts without any quantity restrictions." The Prime Minister's statement came after former U.S. President Donald Trump posted on his social media platform Truth Social, "We have just struck a massive deal with Japan." Following these positive developments, sharp rises were recorded in the Tokyo stock market as well as in the value of the yen. Whatsapp Telegram Email Print more of (International)
Saba Yemen
4 days ago
- Saba Yemen
Japanese Stocks Jump to Highest Level in Year Following Trade Deal with Washington
Tokyo - Saba: Japanese stocks jumped today, Wednesday, to their highest level in about a year after Japan concluded a trade agreement with the United States that reduces tariffs on its cars. The Nikkei index rose by 3.7% in today's trading, benefiting from the rise in shares of automobile manufacturers following news of an agreement that would reduce U.S. tariffs on cars to 15% from the proposed 25%. Mazda Motor shares rose by 17%, while Toyota Motor shares jumped by 13.6%. Shares of South Korean car manufacturers also rose, as the agreement with Japan boosted optimism regarding potential progress in tariff negotiations between South Korea and the United States. Japanese markets witnessed a strong rally today, Wednesday, with the Nikkei 225 index jumping by 3.7%, recording its highest level in months, supported by the performance of the automotive sector, which saw significant gains following the announcement of the trade agreement between Japan and the United States. This major surge came in the wake of the announcement of the details of the trade deal, which stipulates a reduction in U.S. tariffs on Japanese cars from the previously proposed 25% to only 15%. This news had an immediate impact on the shares of major Japanese automakers, with Mazda Motor shares soaring by a remarkable 17%, while Toyota Motor shares jumped by 13.6%. U.S. President Donald Trump announced the trade agreement with Japan last night, Tuesday, stating that it would lead to Japan investing $550 billion in the United States and paying tariffs of 15%. The U.S. President stated in a post on the 'Truth Social' platform that Japan will open up to trade, including cars, trucks, rice, and some agricultural products. Analysts pointed out that the trade agreement reduced risks that had threatened Japan's fragile economy, providing greater room for the Bank of Japan to raise interest rates to combat inflation. Whatsapp Telegram Email Print more of (International)
