The Japanese yen rose on Thursday after the Bank of Japan kept interest rates unchanged, while the dollar struggled to climb after the Federal Reserve gave mixed signals on the future easing path.

On the other hand, the focus is on the Norwegian krone as the central bank meets in Norway, where expectations are expected to raise interest rates, while the Bank of England announces its policy decision later, as the uncertainty surrounding Brexit continues.


The Japanese currency rose to 107.79 yen to the dollar, before paring gains to rise 0.4 percent to 108.06 yen.

The dollar fell slightly against a basket of currencies, as it faces difficulty rising, despite the Federal Reserve adopting a more hawkish tone than expected at its meeting on Wednesday.

The dollar index, which tracks the performance of the greenback versus a basket of six major currencies, fell 0.1 percent to 98.481 today, while the US currency fell against the euro 0.1 percent to 1.1037 dollars to the euro.

The Australian dollar saw its worst daily performance in a month after expectations for further rate cuts by the central bank increased after unemployment reached its highest level in a year.

The Australian dollar fell 0.7 percent to a two-week low of $ 0.6782.

The pound was steady at $ 1.2468. UK retail sales are due at 08:30 GMT and the Bank of England will announce its policy decision at 11:00 GMT.

Source: Agencies

Rate this item
(0 votes)

About us

 Castle Journal is an international newspaper with daily electronic edition, received the international license by the United Kingdom number 10675, and accredited by the Egyptian Embassy in London, owned by Abeer Almadawy

Castle Journal expresses on the free and human voice specialized in the diplomatic, cultural and scientific media, it is eager to create a close relationship with the readers, who is our priority and considers them a true partner.

Castle Journal holds all the permits for practicing its duties of journalism in all countries of the world and the international organizations