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The market is concerned about Japan's fiscal situation. The Governor of the Bank of Japan hinted at a possible interest rate hike, but the Prime Minister expressed dissatisfaction and urged the central bank to cooperate with the government's economic stimulus. The dollar rose to 155.47 against the yen, as investors awaited U.S. economic data, with the U.S. dollar index flat at 99.58. The dollar fell to 0.799 against the Swiss franc, the pound rose to 1.315 against the dollar, the euro rose to 1.158 against the dollar, the dollar fell to 1.399 against the Canadian dollar, and the Australian dollar rose to 0.651 against the dollar

AASTOCKS

"Foreign Exchange" awaits U.S. economic data, the U.S. dollar index remains flat

Japanese Prime Minister Sanae Takaichi does not support the Bank of Japan's interest rate hike next month, leading to a continued weakening of the yen. The market is focused on U.S. economic data, especially the upcoming September employment report, to assess the Federal Reserve's next move. The dollar rose to 155.5 yen, with every 100 yen only worth 5 Hong Kong dollars. Other currency pairs against the dollar have also experienced fluctuations

The Japanese Prime Minister does not support an interest rate hike next month, and the yen continues to weaken, with 100 yen only exchanging for 5 Hong Kong dollars

The dollar index rose above 99.3 as investors anticipate US economic data releases post-government shutdown, influencing Federal Reserve policy expectations. Key reports include September jobs data, S&P PMIs, and housing indicators. Fed officials express doubt about a December rate cut, with market odds of a 25 bps reduction dropping to 46%. The dollar gained notably against the New Zealand and Australian currencies.

Trading Economics

Dollar Edges Higher Ahead of Data Releases

The dollar is set for a weekly loss as investors worry about a weakening U.S. economy and await a backlog of U.S. data. Despite higher yields and receding expectations for a Fed rate cut, the dollar fell to a two-week low against the euro. The British pound slipped after reports that UK leaders abandoned plans to raise income tax rates. The South Korean won rose after intervention by authorities, while the yen found some reprieve. The Australian and New Zealand dollars saw slight gains, and the Chinese yuan peaked at a one-year high.

Dollar poised for weekly loss as markets sail into data fog

On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bills in the Series, with the ISIN numbers and with the Maturity Dates according to the table above. Payments for the Treasury bills must be received by the Central Bank before 14:00 on the ...

GlobeNewswire

Treasury Bill Auction AnnouncementRIKV 26 0318

AUDUSD experienced volatility after better-than-expected jobs data, with unemployment at 4.3% and employment change at +42.2K. The pair rose sharply but fell back due to risk-off flows and lower US stocks. The 100-day moving average at 0.65386 held as support, becoming a key inflection point for future trading direction.

Investinglive

AUDUSD Technicals: AUDUSD has a volatile up and back down session after better jobs data

The Australian dollar rose due to improved labor market data in Australia, with the unemployment rate falling to 4.3%, exceeding expectations. The US dollar strengthened on hopes of an end to the government shutdown, with the dollar index rising for the second consecutive day. The House of Representatives passed a funding plan, with Trump supporting the end of the shutdown

mitrade

The Australian dollar rose due to optimistic labor market data

BILL

A cross-party alliance of 66 MPs and Lords has urged Prime Minister Kier Starmer to prioritize the Audit Reform and Corporate Governance Bill, which aims to reform the Financial Reporting Council into a new regulator. The Bill, unshelved in July 2024 after being delayed by the previous government, seeks to enhance oversight of company directors and improve audit quality for large private companies. Despite strong support, there has been no progress on the Bill, prompting concerns over corporate governance failures and their economic impact. The politicians emphasize the urgent need for reform following several high-profile corporate collapses.