SINGAPORE, Oct 30 — The dollar inched broadly higher in cautious trade on Monday and held near ¥150 as traders looked to a policy decision by the Bank of Japan later in the...
The dollar inched broadly higher in cautious trade on Monday and held near ¥150 as traders looked to a policy decision by the Bank of Japan later in the week. — Reuters picSINGAPORE, Oct 30 — The dollar inched broadly higher in cautious trade on Monday and held near ¥150 as traders looked to a policy decision by the Bank of Japan later in the week, alongside other major central bank meetings and a slew of economic data releases globally.
The yen was last 0.1 per cent lower at 149.75 per dollar, getting a slight reprieve after having struck a one-year trough of 150.78 per dollar last week. The Australian and New Zealand dollars nudged higher after having slid to fresh 2023 lows last week, with the Aussie last 0.19 per cent up at US$0.6346.Over the weekend, Israel signalled intent to encircle Gaza’s main city, publishing pictures of battle tanks on the Palestinian enclave’s western coast as conflict in the Middle East raged.
Data on Friday showed US consumer spending surged in September as households boosted purchases of motor vehicles and travelled, keeping spending on a higher growth path heading into the fourth quarter.
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