Latest news with #InternationalandSustainableEconomics
Wall Street Journal
16-04-2025
- Business
- Wall Street Journal
Asian Currencies Mixed Ahead of China Economic Data
0024 GMT — Asian currencies are mixed against the U.S. dollar in the early session ahead of China's economic data due out today. The Australian dollar may undergo a small relief rally against the offshore Chinese yuan today if the data are better than expected, CBA's Joseph Capurso says in a research report. However, China hasn't responded to President Trump's call on the country to reach out to him to begin trade talks, the head of International and Sustainable Economics says. 'The longer the dispute continues, the greater the downside risks to the Chinese and U.S. economies,' Capurso adds. AUD/USD is little changed at 0.6343; USD/KRW edges 0.1% higher to 1,429.85; USD/JPY is down 0.3% at 142.87. (
Wall Street Journal
05-02-2025
- Business
- Wall Street Journal
Yen Strengthens, Boosted by BOJ Rate-Hike Expectations, Tariff Worries
0226 GMT — The yen strengthens against other G-10 and Asian currencies in the morning session. Japanese data released earlier showed the economy's real wages rose 0.6% in December from a year earlier, marking a second straight month of increases. A solid rise in Japanese labor cash earnings will reinforce the current market pricing in at least one more rate hike by the BOJ this year, CBA's Joseph Capurso says in a note. In addition, with the 'tariff war' between the U.S. and other countries seemingly ongoing, the AUD/JPY is likely to retest support at 94.69, the head of International and Sustainable Economics adds. USD/JPY falls 0.6% to 153.36; AUD/JPY drops 0.7% to 95.88. (
