From Investing.com: 2024-03-27 06:26:00

Currency markets are on edge as the Japanese yen hits its lowest level in 34 years against the dollar, prompting threats of intervention by Japanese officials. The Swiss franc is also losing ground, down 7% against the dollar this year. Gold prices remain steady near all-time highs, while chipmakers drag down stock markets. The dollar rebounds after strong US data. Despite choppy trading in major FX pairs, gold continues to defy negative factors such as rising Treasury yields and a stronger dollar. US stocks close with minor losses, led by Nvidia. Focus shifts to Fed Governor Waller’s speech on the economic outlook.



Read more at Investing.com: Yen sinks to intervention ‘danger zone’