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Mexico’s peso firmed sharply after exit polls showed leftist candidate Andres Manuel Lopez Obrador handily won Mexico’s presidential election on Sunday, as widely expected by financial markets. The peso <mxn=>extended gains after Lopez Obrador’s rivals conceded defeat, strengthening around 1 percent against the U.S. dollar and leading gains among major currencies. Read more

The dollar held firm versus the yen on Friday after U.S. President Donald Trump indicated a softer approach on Chinese investment in U.S. technology companies. The White House announced on Wednesday that it would not be looking to impose the new 25% new limits on Chinese ownership in U.S. tech-related companies, as reports had suggested earlier in the week. Read more

Yuan was under pressure on Thursday as investors remained anxious about the country’s economic outlook amid the uncertainty with the U.S. on trade issues. The USD/CNY pair was trading at 6.6159 by 12:58AM (04:58 GMT), 0.2% higher than the previous late session close. The yuan has slid in each of the past Read more

The U.S. dollar was little changed on Wednesday morning in Asian trade as trade concerns eased somewhat. The People’s Bank of China (PBOC) sets the weakest yuan mid-point rate today since December 25, 2017, a move seen as China’s way of absorbing the shocks of the ongoing U.S.- China trade Read more

 The Chinese yuan slid against the dollar on Tuesday morning in Asia to the lowest level since December 28. The escalating trade tension between the U.S. and China also lifted the safe-haven yen amid risk aversion. The Sino-U.S. trade talks continues to be the focus of this week. The USD/CNY pair rose Read more

The dollar fell to a two-week low against the yen on Monday as a latest flare-up in global trade concerns dented investor risk appetites and drove down U.S. yields. The greenback was down 0.4 percent at 109.54 yen <jpy=>after dropping to 109.45, its weakest since June 11.</jpy=> Investors steered from risk, Read more

The euro climbed half a percent on Friday after stronger than expected French business activity in June raised hopes that concerns about a widening slowdown in the eurozone in the second quarter may be slightly overdone. With Germany flash services PMI data also beating forecasts, the single currency rose to Read more

The dollar took some steps back towards normalcy during morning trade in Asia Thursday, recovering its poise from the risk-aversion caused by elevated trade tensions between the U.S. and China earlier this week. The US Dollar Index that monitors the value of the greenback relative to a basket of six currencies stood Read more

The dollar gained slightly on Wednesday morning trade in Asia as yields on U.S. treasures bounced off lows but concerns lingered over a U.S.- China trade war that is heating up and hindering the recovery of the greenback. The U.S. dollar index, which tracks the greenback against a basket of currencies, Read more

The yen strengthened against the dollar in morning trade in Asia Tuesday after U.S. president Donald Trump raised the possibility of imposing new tariffs on US$200 billion worth of Chinese goods. Investors are entering risk-off-mode as worries mount over a U.S.-China trade war and the risk-off mode is benefiting the Read more