Iron ore dips on Chinese export woes, but resilient demand limits losses

By Tom Westbrook and Stefano Rebaudo SINGAPORE (Reuters) -The yen sank to a 3-month low on Monday as investors figured the loss of a parliamentary majority for Japan’s ruling coalition in weekend elections would slow interest rate rises, while the U.S. dollar headed for its biggest monthly gain since April 2022. In the Asia session,…

The Japanese Yen (JPY) remains on the back foot against a broadly firmer US Dollar (USD) through the Asian session on Monday and seems vulnerable to slide further amid concerns about Japan’s ailing fiscal position. Moreover, the growing acceptance that the Bank of Japan (BoJ) would delay raising interest rates on the back of Prime…

The NZD/USD pair gathers strength to near 0.5910 during the Asian trading hours on Friday. The potential upside might be limited amid the ongoing conflict in the Middle East. The US employment report for February will be the highlight later on Friday.  Iran has retaliated by firing missiles and drones across the Gulf region, striking…