The yen rose as traders ratcheted up bets that the Bank of Japan is nearing the end of its negative interest rate policy.
The dollar-yen’s short-term implied volatility surged over the past two days, illustrating how much the currency pair’s rapid decline caught option traders by surprise.
Oil advanced on Friday but remained on course for the longest weekly losing streak since 2018 on concerns about a global glut, with traders doubtful that deeper supply cuts by OPEC+ will be an effective solution.
Kenya’s William Ruto has helped build momentum around the continent’s demands for clean energy funding ahead of COP28. Now he needs to deliver
A monthly Bureau of Labor Statistics report due Friday is set to show the US unemployment rate edged higher in November as the economy began to slip into a recession, according to Bloomberg Economics.
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