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Currencies

Dollar rallies to fresh one-year high against a beaten-down yen

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsLONDON, Nov 13 (Reuters) - The dollar climbed to its highest level in over a year against the Japanese yen on Monday, continuing to draw support from a scaling back of expectations for U.S. Federal Reserve interest rate cuts next year.Japanese Finance Minister Shunichi Suzuki said the government would keep monitoring the currency market and respond appropriately. The comments had little immediate impact on the yen, which is down...
Investing

Investors turn risk-on for some junk debt but not all

Nov 7 (Reuters) - It's fear and greed in the fixed-income markets once again as traders bet the Federal Reserve is done raising interest rates, but aren't quite sure that it won't still break the U.S. economy. Case in point is the market for low-rated companies.In recent days, as it started to appear that the Fed rate- hiking cycle might have peaked, investors have shown more willingness to dip their toes back into junk-rated bonds.But they are going only as far as the safest bets in the junk category, bonds...
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