U.S. dollar rises as Japanese yen falls

NEW YORK, July 31 (Xinhua) -- The U.S. dollar strengthened on Monday, as the Japanese yen fell and the Japanese government bond yields increased.

The dollar index, which measures the greenback against six major peers, was up 0.22 percent to 101.8504 in late trading.

The 10-year Japanese government bond traded at its highest yield since 2014 above 0.60 percent. The move came hot on the heels of Friday's Bank of Japan adjustment to yield curve control.

The bank also announced an unscheduled bond-buying program on Monday, a plan for 5-10-year government bonds with a scale of 300 billion yen.

In reaction to mixed economic reports, the Japanese yen continued to decline as the biggest underperformer on Monday. The U.S. dollar bought 142.2640 Japanese yen, much higher than 141.1080 Japanese yen of the previous session.

On Monday, the Chicago Purchasing Managers Index improved to 42.8 in July from 41.5 in June.

Meanwhile, the Texas Manufacturing Outlook Survey released by the Federal Reserve Bank of Dallas revealed that the headline manufacturing business index edged higher to -20 in July from -23.2 in June.

In late New York trading, the euro fell to 1.0999 U.S. dollars from 1.1023 dollars in the previous session, and the British pound fell to 1.2837 U.S. dollars from 1.2855 dollars.

The U.S. dollar was up to 0.8718 Swiss francs from 0.8695 Swiss francs, and it decreased to 1.3176 Canadian dollars from 1.3240 Canadian dollars. The U.S. dollar was down to 10.5112 Swedish Krona from 10.5354 Swedish Krona.


https://nord.news/2023/07/31/u-s-dollar-rises-as-japanese-yen-falls/?feed_id=40753

Comments

Post a Comment

Popular posts from this blog

Hear Vetenskapsradio about the Nobel Prize in Chemistry

Image
On Wednesday, the Royal Swedish Academy of Sciences announced who will be awarded the 2023 Nobel Prize in Chemistry. The Nobel Prize rewards the discovery and development of quantum dots and goes to Moungi G. Bawendi, Massachusetts Institute of Technology (MIT), Cambridge, MA, USA, Louis E. Brus, Columbia University, New York, NY, USA, and Alexei I. Ekimov, Nanocrystals Technology Inc., New York, NY, USA. Hear Vetenskapsradion In depth about the prized discoveries. https://nord.news/2023/10/04/hear-vetenskapsradio-about-the-nobel-prize-in-chemistry/?feed_id=48096
Read more

Study: The right time for physical activity increases fat metabolism

Image
Solna [Sweden]February 18 (ANI): According to a recent study from Sweden's Karolinska Institute and Denmark's University of Copenhagen, mice that exercised during an early active phase, which is comparable to morning exercise in humans, had higher metabolic rates than mice that exercised during a time when they usually rested. The results of the study were published in the journal PNAS. Physical activity at different times of the day can affect the body in different ways because the biological processes depend on the circadian rhythm of the cells. To determine how the time of day when the exercise is done affects fat burning, researchers at the Karolinska Institutet and the University of Copenhagen studied the adipose tissue of mice after a session of high-intensity exercise performed at two points in the daily cycle. an early active phase and early resting phase (equivalent to late morning and late evening sessions in humans). The researchers studied various markers for ...
Read more

Heat, wildfires threaten southern Europe's vital tourism sector

Image
ATHENS, Greece: The Greek island of Rhodes, which is known for its beaches and ancient sites, is still recovering after 11 days of devastating wildfires in July. Following thousands of people being evacuated during the height of the travel season, Rhodes is now reflecting on how the crisis will affect its vital tourism sector, which accounts for most of its economy and some 20 percent of the entire Greek economy. Other Mediterranean destinations, such as Italy and Spain, also saw their tourism sectors hit hard by heat waves and wildfires this summer. According to European Union (EU) estimates, Greece, Italy, Algeria and Tunisia lost more than 1,350 square kilometers (520 square miles) to fires that affected 120,000 people in late July. Greece is expecting further extreme heat in the coming days. However, Rosa Mara Lopez, mayor of Villardeciervos in northwestern Spain, which was ravaged by fires last summer, said hikers are still coming to the area. "Tourism is bound to s...
Read more