Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

SHKP Tuen Mun project sells out, signalling rebound in Hong Kong’s property market

July 5, 2025

Think Trump ‘obliterated’ Iran’s nuclear programme? Don’t be so sure

July 5, 2025

Solar energy milestone: China taps the ocean in breakthrough for industry

July 5, 2025
Facebook X (Twitter) Instagram
Saturday, July 5
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » US dollar falls as trade tensions resume
World Economy

US dollar falls as trade tensions resume

adminBy adminJune 2, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 58


The Japanese yen rose in Asian trade on Monday on track for the third profit in a row against the US dollar on haven demand amid mounting global and geopolitical tensions. 

 

Renewed US-China tensions threaten to tank the initial trade agreement reached in Switzerland, with increasing animosity between Russia and the west after Ukraine executed a complex attack that targeted Russian air bases. 

 

Recent Tokyo data showed increasing inflationary pressures on the Bank of Japan, which boosted the odds of a June interest rate hike by the Bank of Japan.

 

The Price

 

The USD/JPY price fell 0.55% to 143.32, with a session-high at 144.10.

 

The yen rose 0.1% on Friday against the greenback, following hot Tokyo inflation data.

 

Trade Tensions

 

China responded to US accusations of violating the Geneva trade agreement, by also accusing Washington of violating the deal, in a sign of deteriorating conditions between the two biggest economies in the world.

 

Trade tensions resumed after a short hiatus last month, when both sides signed a deal to suspend most tariffs for 90 days in Geneva.

 

Then the Trump administration put new limits on chip and chemical exports to China, and cancelled Chinese students’ visas, triggering the ire of Beijing.

 

China’s commerce ministry warned that such measures contradict the spirit of the Geneva deal, but conversely, Beijing maintained strict control over exports of rare earth minerals.

 

Geopolitical Tensions 

 

In Europe, Ukraine executed an unprecedented military operation inside Russia, targeting five strategic air bases and damaging over 40 military airplanes, including Tu-95, Tu-22M, and A-50 planes.

 

Ukraine estimates the operation destroyed nearly 34% of Russian strategic bombers, with losses amounting to $7 billion.

 

Russia is expected to respond with heavy retaliatory strikes, likely targeting strategic Ukrainian infrastructure, and maybe even targeting the decision-making centers inside Kiev with long-range missiles.

 

Japanese Rates

 

Earlier data showed consumer prices in Tokyo rose 3.6% y/y in May, the fastest pace since January 2023, and up from 3.4% in April.

 

Following the data, the odds of a BOJ 0.25% interest rate hike in June rose from 35% to 45%.

 

Bank of Japan Deputy Governor Shinichi Uchida said the bank will continue to raise interest rates if the economy recovers from the negative impact of US tariffs, however he still cautioned that the economic outlook remains highly uncertain.

 

Now traders await more Japanese data on inflation, unemployment, and wages to gather additional clues.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

World Economy

Bitcoin inches down amid tariff, interest rate concerns

July 4, 2025
World Economy

US dollar declines as tariff deadline approaches

July 4, 2025
World Economy

Gold on track for weekly gains amid fiscal concerns

July 4, 2025
World Economy

Yen rebounds after strong Japanese spending data

July 4, 2025
World Economy

Wall Street ends higher with both NASDAQ and S&P 500 marking fresh record highs

July 4, 2025
World Economy

Is it on the verge of collapse?

July 3, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Finance Act restricts IRO’s presence to business premises only – Business & Finance

July 5, 2025

PDWP approves nine uplift schemes worth over Rs52bn – Business & Finance

July 5, 2025

IP rights for SMEs: SMEDA, IPO agree to undertake joint awareness drive – Business & Finance

July 5, 2025

Digital & financial inclusion of women: WCCI, UNDP hold provincial dialogue – Business & Finance

July 5, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • SHKP Tuen Mun project sells out, signalling rebound in Hong Kong’s property market
  • Think Trump ‘obliterated’ Iran’s nuclear programme? Don’t be so sure
  • Solar energy milestone: China taps the ocean in breakthrough for industry
  • China’s Wang Yi calls for ‘new international agreement’ on Iran after US, Israeli attacks
  • Anwar’s petrol subsidy cuts test patience of Malaysians ‘addicted’ to cheap fuel

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

SHKP Tuen Mun project sells out, signalling rebound in Hong Kong’s property market

July 5, 2025

Think Trump ‘obliterated’ Iran’s nuclear programme? Don’t be so sure

July 5, 2025

Solar energy milestone: China taps the ocean in breakthrough for industry

July 5, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.