financetom
News
financetom
/
News
/
Yen ekes out gains after GDP data
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Yen ekes out gains after GDP data
Jun 9, 2025 2:24 PM

The yen rose against most major rivals on Monday following a batch of positive data.

Japans GDP was unchanged in the first quarter, beating estimates of a 0.2% contraction.

Lending by Japanese banks rose 2.4% last month, slightly above estimates.

On trading, the dollar fell 0.2% against the yen as of 20:23 GMT to 144.5.

Aussie

The Australian dollar rose 0.5% against its US counterpart as of 20:39 GMT to $0.6525.

US Dollar

The dollar index fell 0.2% as of 18:07 GMT to 98.9, with a session-high at 99.2, and a low at 98.8.

High-level talks between US and Chinese officials commenced today in London, with the hopes of reaching some sort of an initial agreement on tariffs and trade.

Markets also closed await US consumer prices data later on Wednesday, followed by producer prices data on Friday to gather more clues on the path ahead for the Feds interest rates.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US dollar extends losses to five-week trough on US debt concerns
US dollar extends losses to five-week trough on US debt concerns
May 26, 2025
The US dollar fell in European trade on Monday against a basket of major rivals, hitting a five-week trough amid concerns about the US debt levels. Now investors await important remarks by several Fed officials as they look for more clues on the odds of multiple Fed rate cuts this year. The Index The dollar index fell 0.4% to 98.69,...
Euro hits four-week high before Lagarde's remarks
Euro hits four-week high before Lagarde's remarks
May 26, 2025
The euro rose in European trade on Monday against a basket of major rivals, extending gains for the second straight session against the dollar and hitting a four-week high as US President Donald Trump gave the EU another chance to reach a trade deal. Recent eurozone inflation data led to divisions between European Central Bank policymakers on the decision to...
Yen rushes to four-week high on strong demand
Yen rushes to four-week high on strong demand
May 27, 2025
The Japanese yen rose in Asian trade on Tuesday against a basket of major rivals, resuming gains against the dollar after a short hiatus and hitting a four-week high on strong haven demand amid concerns about US debt levels. Gains are also bolstered by the increasing odds of a Japanese interest rate hike in June in response to mounting inflationary...
Japanese yen expands gains to four-week high in a strong start
Japanese yen expands gains to four-week high in a strong start
May 26, 2025
The Japanese yen rose in Asian trade on Monday against a basket of major rivals, expanding gains for the second straight session against the dollar and hitting a four-week high on haven demand amid concerns about US debt levels following Trumps tax reform bill. The gains are boosted as well by increasing inflationary pressures on Bank of Japans policymakers, which...
Copyright 2023-2025 - www.financetom.com All Rights Reserved