U.S. dollar set for biggest weekly fall in four months, Fed path in focus: Reuters forecast [BNN Bloomberg (Canada)]
SOCIETE GENL FRNCE S/ADR (SCGLY)
NASDAQ:AMEX Investor Relations:
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Source: BNN Bloomberg
The yen edged 0.2 per cent higher to 156.11 per U.S. dollar in Asia trade, helped by a hawkish turn in tone from Bank of Japan officials. U.S. markets are shut for Thanksgiving, leaving liquidity thin and amplifying moves in currency trading. “That could be an attractive environment for Japanese authorities to intervene in dollar/yen,” said Francesco Pesole, forex strategist at ING. “However, there may still be a preference to intervene after a dollar-negative data event, and the stall in the pair may have removed some sense of urgency,” he added. The euro dropped 0.05 per cent to US$1.1590, after hitting a 1-1/2-week high earlier in the session at $1.1613. Markets are watching negotiations over a possible Ukraine peace deal, which could lift the single currency. U.S. envoy Steve Witkoff is expected to travel to Moscow next week for talks with Russian leaders, but a senior Russian diplomat said on Wednesday Russia will make no big concessions. A resurgent New Zealand do
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