The Bank of Japan raised its benchmark rate to 0.5%, its highest since 2008, sending the yen sharply higher. The yen strengthened nearly 2% to 150.80 per dollar in its biggest single-day move in three

Apr 22, 2026

🌐 Global

Dollar Index Falls From 5-Month High as Fed Rate Cut Bets Revive on Weak Data

The US Dollar Index pulled back 0.4% from its highest level in five months after softer manufacturing data revived rate cut bets. The euro strengthened 0.5% to $1.0842 while the yen gained 0.8% to 153

Apr 22, 2026

🌐 Global

Japanese Yen Strengthens as Bank of Japan Signals Further Rate Hikes Ahead

USD/JPY fell below 145 for the first time since October as BoJ Governor Ueda suggested additional rate hikes are coming if wages and inflation data cooperate.

Apr 22, 2025

🌐 Global

EUR/USD Surges Past 1.13 as ECB Turns Hawkish and Eurozone PMI Beats

The euro hit its highest level in three years against the dollar this week, driven by stronger-than-expected Eurozone economic data and a more hawkish ECB tone.

Apr 22, 2025

🌐 Global

Dollar Index (DXY) Falls to 3-Year Low as Rate Cut Bets Mount and Trade Deficit Widens

The US dollar has fallen 8% year-to-date, hitting its weakest level since early 2022. A widening trade deficit and shifting Fed expectations are the primary drivers.

Apr 22, 2025