China’s yuan rallied past 7 per dollar only yesterday and analysts are already warning the strength won’t last. The currency jumped as much as 0.60% to 6.9880 a dollar Tuesday, trading stronger than the key level for the first time since August. The offshore rate rose as much 0.66%. The Read more
The Australian dollar gained against its U.S. counterpart on Tuesday in Asia after the Reserve Bank of Australia (RBA) kept the cash rate on hold. The official interest rate was kept on hold at 0.75%. “The main domestic uncertainty continues to be the outlook for consumption, with the sustained period Read more
The British Pound was little changed on Monday in Asia as investors wait to hear the first speech from the new head of European Central Bank (ECB). The U.S. Dollar Index that tracks the greenback against a basket of other currencies was unchanged at 97.041 by 12:19 AM ET (04:19 GMT). U.S. nonfarm Read more
The U.S. Dollar was little changed on Wednesday in Asia as traders braced ahead of policy decision by the U.S. Federal Reserve due later in stateside. The Fed is expected to cut rates for a third time in a row when it concludes its two-day meeting on Wednesday. The U.S. Dollar Read more
he British pound slipped against the U.S. dollar on Friday in Asia after U.K. Prime Minister Boris Johnson said U.K. lawmakers should back an early Dec. 12 general election to get more time to scrutinize the Brexit deal, creating more uncertainties surrounding the country’s departure process. The GBP/USD pair slipped 0.1% to Read more
The U.S. dollar was little changed on Thursday in Asia as traders remain cautious ahead of key central bank meetings this week and next. The U.S. dollar index that tracks the greenback against a basket of other currencies last traded at 97.203 by 12:42 AM ET (04:42 GMT), down 0.03%. Read more
The British pound after the government was defeated in a vote on the timetable for Brexit, diminishing the possibility of the U.K. leaving the EU before the end of this month. The GBP/USD pair fell 0.2% to 1.2847 by 12:06 AM ET (04:06 GMT). With no major event and economic data scheduled Read more
The U.S. dollar inched up on Wednesday in Asia despite worries about a slowing U.S. economy. The U.S. dollar index inched up 0.1% even after a weak reading on American manufacturing added to concern about economic growth. The report from the Institute for Supply Management showed the ISM’s manufacturing PMI fell to Read more
The U.S. dollar traded near its highest in almost two weeks versus the yen before the release of data that is forecast to show the U.S. manufacturing sector returned to growth, which would ease concern about the impact of the ongoing Sino-U.S. trade war. The euro teetered near its lowest Read more
The U.S. dollar was little changed on Monday in Asia. Investors will be looking ahead to appearances by a number of Federal Reserve policymakers this week, while Brexit developments also remained in the spotlight. The U.S. dollar index that tracks the greenback against a basket of other currencies slipped 0.1% to 98.090 Read more
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