Yen Retreats Against Majors

RTTNews | 6h 9min ago
Yen Retreats Against Majors

(RTTNews) - The Japanese yen weakened against other major currencies in the Asian session on Friday.

The yen fell to 2-day lows of 199.45 against the pound and 184.47 against the Swiss franc, from an early 4-day high of 198.24 and a 3-day high of 183.38, respectively.

The yen slipped to 171.77 against the euro, from an early 4-day high of 170.81.

Against the U.S. and the Canadian dollars, the yen dropped to 2-day lows of 147.18 and 107.44 from early highs of 146.25 and 106.58, respectively.

If the yen extends its downtrend, it is likely to find support around 200.00 against the pound, 186.00 against the franc, 173.00 against the euro, 148.00 against the greenback and 108.00 against the loonie.

read more
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 1h 45min ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 2h 7min ago
Yen Retreats Amid US-Japan Trade Uncertainty

Yen Retreats Amid US-Japan Trade Uncertainty

The Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.
RTTNews | 2h 56min ago
Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the early European session on Thursday, as traders are optimistic about an end to the tariff uncertainty after U.S. President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition. They are also optimistic about a potential trade deal between the U.S. and the European Union.
RTTNews | 1 day ago