March 2024 – Page 26 – UAG Trade Asia

BOJ Shifts to Positive Interest Rates, Strong JPY Weakening

March 20, 2024
Finance
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Previous Trading Days Events 19.03.2024 The Bank of Japan BOJ ended eight years of negative interest rates making a historic shift away from its focus on reflating growth with decades of massive monetary stimulus. This is Japans first interest rate hike in 17 years. The shift makes Japan the last central bank to exit negative […]

March 20, 2024
Finance
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March 20 Reuters Sterling fell against a strengthening dollar after shrugging off British data on Wednesday as investors await the outcome of the Federal Reserve policy meeting. The pound hit a fresh 812year high versus the yen as the Bank of Japan BOJ decision to exit its negative interest rates policy left higheryielding currencies such as the […]

March 20, 2024
Finance
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BENGALURU, March 20 Reuters Indian shares reversed early gains ahead of the U.S. Federal Reserve39;s interest rate decision, while Eicher Motors jumped after UBS upgraded the stock. The bluechip NSE Nifty 50 index shed 0.45 to 21,718, while the BSE Sensex fell 0.44 to 71,699.09, as of 1051 a.m. IST. They had risen about 0.3 each at […]

March 20, 2024
Finance
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JOHANNESBURG, March 20 Reuters South Africa39;s rand was flat early on Wednesday as investors awaited inflation and retail sales data that could provide clues on the health of the local economy. At 0452 GMT, the rand traded at 18.9225 against the dollar , 0.07 weaker than its previous close. The rand is likely to take […]

March 20, 2024
Finance
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SINGAPORE, March 20 Reuters The yen languished near a fourmonth low against the U.S. dollar and a 16year trough against the euro on Wednesday as traders wagered Japan39;s monetary settings will remain accommodative even as the central bank ends its negative interest rate policy. While the Bank of Japan on Tuesday ushered in the country39;s first rate hike in 17 years, […]

March 20, 2024
Finance
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March 20 Reuters Most stock markets in the Gulf were up in early trade on Wednesday as investors looked ahead to the U.S. Federal Reserve39;s policy meeting later in the day for signs of its rate path for the rest of the year. Dubai39;s benchmark stock index advanced 0.3, supported by gains in utilities, finance and […]

March 20, 2024
Finance
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MUMBAI, March 20 Reuters The Indian rupee fell to its lowest level in two months on Wednesday, pressured by dollar demand from importers, including oil companies, debt repayment outflows and weakness in most Asian peers, traders said. The rupee closed at 83.1575 against the U.S. dollar, weaker by 0.15, compared with its previous close at […]

March 20, 2024
Politics
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WARSAW, March 20 Reuters Polish farmers blocked roads with tractors and flares on Wednesday in escalating protests against EU environmental regulations and cheap food imports from neighbouring Ukraine which the bloc provisionally agreed to prolong. Placards depicted a farmer swinging from a gallows next to wind farms and an EUemblazoned executioner with the words Green Deal […]

March 20, 2024
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UK inflation falls to 3.4 in Feb from 4.0 Data bolsters expectations for rate cuts Inflation rate still highest among G7 BoE still expected to hold rates on Thursday Finance minister Hunt says data backs taxcutting drive LONDON, March 20 Reuters British inflation slowed in February, keeping the Bank of England on track to start […]

March 20, 2024
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BEIJING, March 20 Reuters China39;s central bank said it has reshuffled its monetary policy committee to include securities regulator head Wu Qing, vice central bank chief Xuan Changneng and two new academic members. Wu, who was named the head of the China Securities Regulatory Commission CSRC last month, replaced his predecessor Yi Huiman on the […]

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BOJ Shifts to Positive Interest Rates, Strong JPY Weakening

GBP Edges Down vs USD, Hits Fresh 812Y High against JPY

Indian Shares Lower ahead of Fed Decision; Eicher Gains on UBS Upgrade

S.African Rand Flat ahead of Inflation, Retail Sales Data

Yen Slides to near 4Month Low, Fed in Focus

Most Gulf Bourses Rise in Early Trade; Fed Meet in Focus

INR Falls to 2Month Low on Importer USD Demand, awaits Fed Decision

Polish Farmers Intensify Protests Against Executioner EU

Easing UK Inflation Keeps BoE on Track for Rate Cuts Later in 2024

Chinas Central Bank Reshuffles Monetary Policy Committee

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