Lookonchain APP

App Store
Feeds Articles

Goldman Sachs: Yen intervention strengthens the dominance of the U.S. dollar

1 hours ago

Goldman Sachs stated that recent interventions by the United States and Japan to support the Japanese yen have not weakened the U.S. dollar’s status as the world’s primary reserve currency, but instead reinforced it. Analysts noted that Washington’s intervention in the euro-yen (EUR/JPY) pair and Japan’s potential use of the Federal Reserve’s FIMA dollar facility underscore the depth and liquidity of U.S. financial markets. Goldman Sachs holds that no competing reserve asset currently matches the U.S. dollar in terms of global infrastructure, liquidity, and utility during periods of financial stress.

Source
Add to Favorites Download image Share x Copy link
Relevant content

After the release of non-farm payrolls data, US stock index futures rallied sharply.

After the release of U.S. non-farm payrolls data, U.S. stock index futures rallied sharply: Nasdaq futures rose 0.79% on the day, S&P 500 futures gained 0.39%, and Dow futures advanced 0.27%. Meanwhile, U.S. Treasury prices surged, with the yield on the 10-year U.S. Treasury note down 4.29 basis points to 4.627%. Non-U.S. currencies generally strengthened, and the U.S. dollar weakened 80 points against the Japanese yen in the short run, trading at 157.72.

1 seconds ago

Japan's Finance Minister has reached a consensus with the US Treasury Secretary that neither side will hesitate to intervene when necessary.

Japanese Finance Minister Satsuki Katayama said he will continue communicating with the market to maintain trust. Additionally, Katayama noted that he has reached a consensus with U.S. Treasury Secretary Scott Bessent that recent foreign exchange market volatility is driven by non-genuine demand. The two sides have maintained close communication, and neither will hesitate to intervene when necessary.

1 seconds ago

US July employment shrank more than expected, leaving the Federal Reserve with a policy dilemma.

The U.S. unexpectedly shed 23,000 jobs in July, far below the expected gain of 80,000. June’s job growth was also revised down to just 20,000. Despite the weak labor market, the unemployment rate unexpectedly dropped from 4.2% to 4.1%. This disappointing jobs report has reignited concerns about the labor market and could complicate the Federal Reserve’s interest rate decisions, as policymakers need to balance weak employment against persistent inflation.

1 seconds ago

US seasonally adjusted non-farm payrolls fell by 23,000 in July, far below expectations.

US seasonally adjusted non-farm payrolls fell by 23,000 in July, against an expectation of 80,000, while the prior figure was revised from 57,000 to 20,000.

1 seconds ago

U.S. unemployment rate stood at 4.1% in July, slightly below expectations.

U.S. July unemployment rate stands at 4.1%, versus the 4.2% forecast, with the prior reading at 4.20%.

1 seconds ago

Bank of America warns investor bullish sentiment has reached its most extreme level since 2021.

Bank of America says investor optimism has hit its most extreme level since 2021, suggesting it may be time to reduce risk exposure. The bank’s bull-bear indicator has surged to 9.7, driven by strong stock markets, credit inflows, and narrowing spreads. BofA recommends shifting to defensive assets, bonds, and the U.S. dollar. The warning comes as global stock markets reach record highs, with Friday’s U.S. jobs report set to be the next major test for markets.

1 seconds ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

When Elon Musk tweeted about Moltbook, the meme coin MOLT experienced a short-term 30% price surge, hitting a new all-time high of $114 million.

2026.01.31 18:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

 More

Hot Articles

Follow us

X

Follow

Telegram

Join