Japanese yen traded lower against the US dollar Thursday on optimism that US stimulus may be coming soon after US President Donald Trump appeared to reverse his earlier decision to halt talks on another economic rescue effort.
Further boosting sentiments, on Thursday, Bank of Japan raised its economic assessment for eight of the country's nine regions in its quarterly report, saying they are starting to rebound or showing signs of a pick-up.
Dollar/yen traded at Y105.96/$1 compared to Y105.73/$1 at previous close.
Late on Tuesday, US President Trump sent a series of tweets saying he's open to sending out $1,200 payments to Americans, and to limited programs to prop up the airline industry and small businesses.
The tweets came just hours after President Trump declared that his representatives should halt talks with Democrats on a broad stimulus effort for the economy until after the election, saying House Speaker Nancy Pelosi had been negotiating in bad faith.
04 Dec 2020 04:48 PM
India's benchmark stock index retreated to close above 45,000 points for the first time ever as the RBI upgraded its GDP target for the current fiscal year and kept interest rates steady amid high inflation.
04 Dec 2020 03:57 PM
Indian rupee stayed higher tracking uptick in regional peers
04 Dec 2020 11:51 AM
Indian equities touched record highs after the RBI kept interest rates steady due to high inflation, and retained its accommodative monetary policy stance
04 Dec 2020 11:35 AM
Yuan rose to a fresh 2 1/2-year high against a weakening dollar, despite fresh signs of tension between the US and Chinese economy.
04 Dec 2020 11:01 AM
Gold prices strengthened and are on track for their first weekly gain in a month, as growing optimism over a U.S. fiscal stimulus deal pressured the dollar and boosted Gold appeal as an inflation hedge.
04 Dec 2020 10:44 AM
Indian rupee was trading at 73.73/73.74 compared to 73.90/ 73.91 in the previous session, as the Dollar Index continued to decline in anticipation of the U.S. monthly non-farm payrolls report.