Category: Forex

Dollar dips as Asian currencies find support By Reuters

© Reuters. A trader counts U.S. dollar banknotes at a currency exchange booth in Peshawar, Pakistan January 25, 2023. REUTERS/Fayaz Aziz By Rae Wee and Harry Robertson SINGAPORE/LONDON (Reuters) -The dollar slipped on Monday, with the threat of currency intervention from Japanese authorities and a government-driven rally in weighing on the U.S. currency. The Japanese […]

Asian FX bears gain momentum as hopes of early US rate cuts wane: Reuters poll By Reuters

2/2 © Reuters. Chinese yuan banknotes are seen in this illustration picture taken April 25, 2022. REUTERS/Florence Lo/Illustration 2/2 By Archishma Iyer (Reuters) – Bearish bets on multiple emerging Asian currencies gained momentum as traders adjusted their bets on early rate cuts by the U.S. Federal Reserve, driving investors to the safe-haven dollar, according to […]

Euro gains on dollar with eyes on 1.1000, slips against pound By Investing.com

Currency traders have seen the Euro maintain a bullish stance against the US Dollar today, as it continues to target the 1.1000 mark, finding support at the 1.0900 level. However, the European currency has experienced a downturn against the British Pound, reaching a two-week low. Investor sentiment has been influenced by shifting expectations around the […]

Russia’s yuan adoption may erode dollar dominance, EBRD suggests By Investing.com

© Reuters. In the wake of the ongoing Ukraine war and subsequent sanctions, Russia’s adoption of the could potentially undermine long-term dollar dominance, according to Beata Javorcik, Chief Economist at the European Bank for Reconstruction and Development (EBRD). This shift is primarily attributed to the diversification of invoicing currencies. The statement was made on Wednesday, […]

BOJ tweak stirs yen volatility; dollar stays down after US data By Reuters

© Reuters. FILE PHOTO-A Japan Yen note is seen in this illustration photo taken June 1, 2017. REUTERS/Thomas White/Illustration/File Photo By Laura Matthews NEW YORK (Reuters) – The yen had its most volatile trading session in months on Friday after the Bank of Japan tweaked its yield curve control policy, leaving investors wondering if an […]

Yen firms on policymaker meeting, dollar up after debt deal By Reuters

© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration By Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The yen strengthened on Tuesday on news of a meeting of Japan’s finance ministry and central bank, while elsewhere the dollar rose to a two-month high against a […]

Chinese yuan leads Asia FX higher in anticipation of Fed meeting By Investing.com

© Reuters. By Ambar Warrick Investing.com — The Chinese yuan rose sharply on Monday as local markets reopened from a week-long holiday, while most other Asian currencies strengthened in anticipation of a Federal Reserve meeting and a slew of economic data releases this week. The rose 0.4%, benefiting from bets that the Lunar New Year […]

Dollar slumps on Powell’s comments; Yen benefits the most By Investing.com

© Reuters. By Peter Nurse Investing.com – The U.S. dollar slumped in early European trade Thursday after Federal Reserve chair Jerome Powell pointed to smaller rate hikes ahead, boosting risk appetite to the detriment of this safe haven. At 03:05 ET (08:05 GMT), the , which tracks the greenback against a basket of six other […]