The Japanese yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the second straight session against the US dollar after major inflation data. US inflation missed expectations in May, reducing price pressures on Fed policymakers and bolstering the odds of a September Fed rate cut. The Bank of Japan is convening next week...

The US dollar fell against most major rivals on Wednesday following weaker than expected inflation data, which boosted the odds of a Fed rate cut soon. Earlier US data showed core consumer prices rose 2.8% y/y in May, as expected. The US and China reached a trade framework in London after two days of intensive negotiations, with representatives waiting for...

Recent trade threats by US President Trump sent the dollar to a three-year nadir on Thursday amid increasing investor concerns, with Trump saying he is sending messages to the US trade partners, specifying the new tariffs in the next few weeks as the 90-day pause approaches an end. The dollar lost 0.8% against a basket of major rivals, falling below...

The euro rose in European trade on Thursday against a basket of major rivals, expanding gains for the fourth straight session against the US dollar and hitting a two-month high amid a strong outlook for more gains as the odds of an ECB rate cut in July diminished. US inflation missed estimates in May, reducing pressures on the Feds policymakers...