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The U.S. dollar fell on Monday in Asia after the U.S. Federal Reserve slashed its benchmark interest rate to zero and launched a massive quantitative easing (QE) program in an emergency move over the weekend.  On Sunday, the Fed shocked investors by announcing a 50 basis point rate cut. It was Read more

The Japanese yen fell against the U.S. dollar on Friday in Asia after the Bank of Japan introduced additional stimulus.  The USD/JPY pair lost 0.6% to 105.28 by 12:15 AM ET (04:15 GMT) as the Bank of Japan on Friday said it would buy 200 billion yen ($1.90 billion) of Japanese government Read more

The dollar slid in another seismic shift to price in more U.S. interest rate cuts on Thursday, after President Donald Trump disappointed markets with a coronavirus plan light on details. The greenback dropped 1% to 103.32 yen , fell as much as 0.6% to $1.1333 against the euro (EUR=) and lost Read more

The yen’s elevated volatility is spurring talk of intervention. But the Bank of Japan may be powerless to halt the currency’s rise. Swings in the yen climbed to an 11-year high this week, suggesting that policy makers could have stepped in as the currency surged to the strongest since October Read more

The Japanese yen tumbled against the U.S. dollar following reports that President Donald Trump will soon announce easing measures to support the economy. The USD/JPY pair jumped 2.6% to 104.91 by 12:30 AM ET (04:30 GMT). Japanese Prime Minister Shinzo Abe said the government will work closely with the Bank of Japan Read more

The dollar dived against the euro and yen on Monday as a slump in oil prices combined with coronavirus fears to drive U.S. yields to once-unthinkable lows. Oil prices collapsed 30% after Saudi Arabia stunned markets with a pledge to slash prices and boost production following the collapse of an Read more

 The U.S. dollar index was little changed on Thursday in Asia despite the release of strong economic data. The U.S. dollar index that tracks the greenback against a basket of other currencies was little changed at 97.302 by 1:14 AM ET (05:14 GMT). ISM nonmanufacturing data for February showed an uptick to 57.3, beating expectations Read more

The U.S. dollar inched up on Wednesday in Asia after the U.S. Federal Reserve cut interest rates by half a percentage point as expected. The U.S. dollar index that tracks the greenback against a basket of other currencies was up 0.1% to 97.205 by 12:33 AM ET (04:33 GMT). “My colleagues and Read more

The Chinese yuan rose against the U.S. dollar on Monday in Asia despite the release of downbeat manufacturing data. The USD/CNY pair lost 0.3% to 6.9687 by 11:35 PM ET (03:35 GMT). The Caixin/Markit Manufacturing Purchasing Managers’ Index came in at 40.3 for February, which was its lowest reading since the survey was launched Read more

Prices of the Japanese yen surged on Friday in Asia as traders rushed to safe-haven assets following an increase in new coronavirus cases outside of China. The USD/JPY pair lost 0.6% to 108.92 by 12:05 AM ET (04:05 GMT). U.S. stocks were in freefall this week, while Asian equities also plunged. Most Read more