The yen (JPY=X) has hit a more than 30-year low against the US dollar. It comes after the Bank of Japan left room to raise rates following its latest policy meeting.
Yahoo Finance's Jared Blikre and Julie Hyman break down the currency movements.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
This post was written by Stephanie Mikulich.
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(Bloomberg) -- A veteran Canadian bank analyst says Toronto-Dominion Bank’s role in an alleged money-laundering scheme has made the “worst-case scenario” more likely — a huge fine for the lender and years of restrictions on its US growth.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls Far ShortAt $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal AccountJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Tec
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Trade volumes from partners such as Turkey and China have slagged in the first quarter, as foreign dealers pullback amid a US sanctions threat.
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Loonie under pressure as U.S. dollar soars and Bank of Canada looks set to cut rates, says TD
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MOSCOW (Reuters) -Russia's finance ministry said on Monday that it would halve its purchases of foreign currency and gold in the month ahead, a move that will increase the state's overall forex sales. The finance ministry said its purchases of foreign currencies and gold for the period from May 8 to June 6 would amount to the equivalent of 110.94 billion roubles ($1.21 billion), or 5.55 billion roubles per day. Due to other interventions the central bank carries out, the Russian state will continue making FX sales throughout May with overall sales increasing to 6.3 billion roubles from 0.6 billion roubles a day in the previous month.
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