Yen Slides Past 160 Against Dollar for First Time Since 1990
The yen swung in holiday-thinned market conditions, punching through 160 per dollar to touch the weakest level in 34 years before erasing all its losses for the day to rebound strongly.
The yen swung in holiday-thinned market conditions, punching through 160 per dollar to touch the weakest level in 34 years before erasing all its losses for the day to rebound strongly.
Asian stocks climbed after US equities notched the best weekly rally of 2024, while the yen whipsawed amid thin liquidity due to a public holiday in Japan.
Oil slipped as the US pushed to broker a peace deal between Israel and Hamas that would reduce geopolitical tensions in the Middle East.
Hong Kong’s benchmark equity index headed for a technical bull market as a surge in Chinese property shares gave more impetus to this month’s stellar rebound.
Britain’s homebuilding approval process is failing to cope with a surge in local protectionism that’s driving more costs to the taxpayer
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