NEW YORK/LONDON, May 8 - The dollar gained on Wednesday as investors bet on the U.S. economy outperforming peers and was higher for the third day against the Japanese yen, keeping investors wary of the risk of intervention from Tokyo.
The yen remained front of mind for currency traders as Japanese officials issued a stronger warning over the impact of the weak currency on the economy. Analysts have said any intervention from Tokyo would only offer temporary respite for the yen, given the wide gap between interest rates in the U.S. and Japan.
In the meantime, central banks in Europe have already started cutting interest rates. The Swiss National Bank cut in March ahead of Wednesday's move by Sweden's Riksbank. "For now, and particularly today, the focus is on Europe cutting first and we're seeing that upward pressure on the dollar," she said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold continues to consolidate, but upside price potential remains – FX Empire’s Lewis and PowersThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Cryptos and stocks wobble as inflation fears linger: Bitcoin eyes post-halving rallyThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
A decade long exit from the gold sector - Pretium founder Robert Quartermain explains why gold equities haven’t caught fireThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Bitcoin halving will lead to miner consolidation, sideways price action in near termThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Gold Surges Despite Economic Strength and Hawkish FedThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »