Japanese yen steadied on Monday as winner of the ruling Liberal Democratic Party's (LDP) leadership, Japan's incoming prime minister Shigeru Ishiba signaled monetary policy should remain accommodative, while commodity currencies were lifted to the year's highs by investor hopes of a turnaround in China's economy. The yen rose in Asian trading to a one-week high of 141.75 per dollar, but Ishiba's comments capped the advance. The euro was stable at $1.1167 and sterling traded at $1.3391. The Australian dollar was up 0.5% at a 20-month high of $0.6941 and the New Zealand dollar was up 0.5% to a 14-and-a-half-month high of $0.6375. The Chinese currency exceeded seven yuan to the dollar, reaching 7.0129 in domestic trading today. 67-year-old political expert Shigeru Ishiba will be appointed prime minister of the world's fourth-largest economy during a special session of Japan's parliament on Tuesday, replacing outgoing Prime Minister Fumio Kishida. Source: Qatar News Agency
Related Posts
Tamkeen supports the participation of 15 local businesses in Saudi Food Show
Manama, The Labour Fund (Tamkeen) supported the participation of 15 Bahraini food businesses at the Saudi Food Show, Saudi Arabia’s largest international food and beverage showcase. Over 1,000 exhibitors are expected at the event, including leading br…
GTA President: No income tax, Exemptions for Small Business
HE the President of the General Tax Authority (GTA), Ahmed bin Issa Al Mohannadi, confirmed that the Authority does not…
The General Assembly of ‘Siniora’ approves the distribution of cash dividends worth 4.2 million dinars
Jordan – Together – The General Assembly of ‘Siniora’ Company for Regular and Extraordinary Food Industries, in its two meetings held on 04/28/2024, approved the distribution of cash dividends worth 4.2 million dinars, at a rate of 15% of the company’…