Yen Declines After BOJ Hike, US Said to Hold Off on New China Tariffs
The yen extends its drop against the dollar after BOJ Governor Ueda gave mixed signals about future interest-rate hikes. The central bank lifted interest rates by a quarter point to 1.25%.
The US is expected to hold off announcing new tariffs on China and other trading partners until after next week’s summit between President Trump and President Xi Jinping.
Bilfinger CEO Thomas Schulz discusses the company's trimmed outlook and planned job cuts. Paul Donovan of UBS Global Wealth Management discusses the BOJ rate decision.
(Source: Bloomberg)
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