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The Euro and the pound both traded higher on Thursday in Asia ahead of U.K. and EU trade talks that were set for March 2. The EUR/USD pair and the GBP/USD pair rose 0.3% and 0.2% respectively by 1:45 AM ET (05:45 GMT). Despite the gains today, traders are concerned that tough rhetoric from Read more

The U.S. dollar inched up on Wednesday in Asia, but the gains were capped as Federal health authorities warned that they expect a wider spread of the coronavirus in the state. Nancy Messonnier, director of the National Center for Immunization and Respiratory Diseases at the Centers for Disease Control and Read more

Don’t write off the yen as a haven. It’s true that Japan’s currency has failed to break out of a relatively narrow range against the dollar in recent years — despite a trade war, tensions in the Middle East and North Korea, Brexit and now a deadly viral outbreak. But Read more

The yen traded slightly lower on Monday in Asia after Japan reported a much deeper economic contraction than expected. The USD/JPY pair inched up 0.1% 109.81 after the Cabinet Office reported today that Japan’s GDP in the December quarter fell an annualized 6.3%, faster than the expected 3.7% contraction. The drop, which followed a Read more

The U.S. dollar was little changed on Tuesday in Asia ahead of Federal Reserve Chairman Jerome Powell’s speeches due later this week. The U.S. Dollar Index that tracks the greenback against other currencies last traded 98.748, up 0.03%. Powell will testify before Congress on Tuesday on Wednesday. With the global economy bracing Read more

The Chinese yuan was flat on Friday in Asia as the World Health Organization (WHO) said China could “reverse the tide” and control the virus outbreak. The USD/CNY pair was unchanged at 6.9364 by 1:06 AM ET (05:06 GMT). The death toll in China has now reached 213 and the number of cases is Read more

The U.S. dollar inched up on Thursday in Asia after the Federal Reserve said it will hold its benchmark rates steady as expected. The U.S. dollar index inched up 0.1% to 97.875 by 1:20 AM ET (05:20 GMT). The central bank’s Federal Open Market Committee said it will hold the Read more

The dollar and the Chinese yuan remained steady a day after China and the U.S. signed a phase one trade deal aimed at easing tensions between the two largest economies in the world. The signing of the deal on Wednesday, Jan. 15, in the U.S. helped equities markets and lent some stability Read more

The safe-haven yen held firm and riskier Asian currencies softened a little on Wednesday, as currency investors awaited the signing of the U.S.-China trade deal with trepidation. The formal agreement is aimed at drawing a line under 18 months of tit-for-tat tariff hikes that have hurt global growth, but it Read more

The yuan rose while the safe-haven yen fell on Tuesday in Asia as trade tensions between the U.S. and China eased. The USD/CNY pair fell 0.3% to 6.8743 by 11:45 PM ET (03:45 GMT). Just two days before the signing of the phase one trade deal, the Trump administration announced that it Read more