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Yen hits six-week high on growing BOJ rate hike bets - REUTERS

NOVEMBER 29, 2024

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TOKYO/LONDON, Nov 29 (Reuters) - The yen jumped more than 1% against the U.S. dollar to a six-week high on Friday after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month.
The dollar sagged against its peers in trading thinned by the U.S. Thanksgiving holiday.
"The yen is turning into the latest momentum trade ... with little friction to prevent it rising in thin holiday trade," said Matt Simpson, senior market analyst at City Index.

MARKET NEWS

November 29 Nigeria-China trade relations hit $22.6bn in 2023 – Shettima - PUNCH November 29 Naira maintains gain across markets - BUSINESSDAY November 29 Euro eases, dollar perks up in muted holiday trade - REUTERS November 29 Bank of Canada unlikely to cease rate cuts amid trade risks: TD Economics - BLOOMBERG November 29 Standard Chartered mulls sale of wealth, retail operations in Africa - REUTERS November 29 Spanish Inflation Jumps to Most Since August on Base Effects - BLOOMBERG November 29 Stock market sees first major rally since Nigeria’s rate hike - BUSINESSDAY November 29 Access Bank completes acquisition of Standard Chartered subsidiaries - PUNCH November 29 Yen hits six-week high on growing BOJ rate hike bets - REUTERS November 29 Naira appreciates to N1,740/$ in parallel market - VANGUARD November 29 Euro-Zone Inflation Accelerates But Won’t Derail ECB Rate Cuts - BLOOMBERG November 28 Nigerian Forces ‘Shot to Kill’ During Protests, Amnesty Says - BLOOMBERG November 28 Counterfeit Dollar Scare Hits FX Trade at Istanbul’s Grand Bazaar - BLOOMBERG November 28 Naira depreciation boosts foreign portfolio investments by 155.5 % - VANGUARD November 28 Canadian dollar gains as tariff-threat shock fades - REUTERS November 28 Reps to summon CBN, banks over unverified POS operators - PUNCH November 28 Naira rises to N1,745/$ in parallel market - VANGUARD November 28 Hackers Steal $17 Million From Ugandan Central Bank, Vision Says - BLOOMBERG November 28 Naira steadies after CBN’s rate hike - BUSINESSDAY November 28 South African rand stable ahead of producer inflation data and central bank review - REUTERS November 28 Dollar falls amid economic data dump before long weekend - REUTERS November 28 CBN sets new guidelines for Interbank FX trading via EFEMS - BUSINESSDAY November 28 Nigeria Customs returns 21 stolen vehicles worth N1.8bn to Canada - VANGUARD November 28 Interest rate hike: Labour, OPS project higher inflation, weaker naira - PUNCH November 28 Cardoso says inflation, FX pressures to abate early 2025 - BUSINESDAY November 28 BOE’s Lombardelli Says More Evidence Needed Before Next Rate Cut - BLOOMBERG November 28 Euro's bruising leaves global investors on edge - REUTERS November 28 European Gas Prices Fluctuate With More Cold Weather on the Way - BLOOMBERG November 28 ICYMI: Nigeria’s oil refineries to be fully privatised — Presidency - NIGERIAN TRIBUNE November 28 Ugandan shilling little-changed; to gain due to remittances - REUTERS

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