top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Market

14 Mar 2022

Dollar Drops but Persists against Yen before Fed Monetary Policy Meeting

The Index Today

The dollar inched down on Monday, but reached a five-year high against Japan’s yen as central banks across the world prepare to meet throughout the week to discuss monetary policies, especially the U.S. Federal Reserve which is set to institute the first interest rate hike for this year by a quarter point.

The U.S. Dollar Index dipped by 0.2% to 98.993 at 3:10am ET (0810 GMT). The USD/JPY and EUR/USD pairs jumped by 0.4% and 0.3% to 117.75 and 1.0941 respectively, while the GBP/USD pair inched up by 0.1% to 1.3049. The AUD/USD pair plummeted by 0.5% to 0.7252 while the USD/CNY pair climbed by 0.3% to 6.3592.

Bannockburn Global Forex’s Chief Market Strategist Marc Chandler contended that “the yen is trading more like a carry-play and less like a risk-off haven.” He also, however, added, “The fog of war and the anticipated hike by the Fed on March 16 keeps the euro on the defensive.”

©Photo: Financial Times

Clay pottery with table linens
bottom of page