The euro hovered near a one-week low against the dollar on Friday as the European Commission’s criticism of Italy’s populist budget sparked fresh concerns about political tensions in the common currency zone. The dollar index (DXY), a gauge of its value against major peers, was 0.05 percent higher at 95.96 on Friday, Read more
The Chinese yuan slipped against the dollar on Thursday as the U.S. spared China from the currency manipulator label. The Treasury Department declined to label China or any other trading partner of the U.S. as currency manipulators, but added that Beijing and some other countries including Germany, Japan and India have Read more
The dollar strengthened against most major peers on Wednesday, while the yen weakened as upbeat Wall Street earnings reduced global appetites for safe haven assets. The three main Wall Street indexes each rose by more than 2 percent as blue-chips delivered strong earnings indicating that the U.S. economic recovery is Read more
The U.S. dollar edged up on Tuesday after it was dented by weak U.S. retail sales data overnight, while New Zealand’s currency gained on the back of stronger than expected inflation data. The dollar index (DXY), a gauge of its value against six major peers, traded steady at 95.143, gaining 0.09 percent Read more
The dollar firmed against the pound and euro on Monday as unsuccessful British efforts to secure a Brexit deal ahead of a key European Union summit reinforced global investors’ preference for safe haven currencies. The euro (EUR=) traded around 0.13 percent lower at 1.1546 on Monday, while the sterling <gbp=>lost 0.36 Read more
The U.S. dollar remained unchanged, while the Aussie dollar slipped on Friday after data showed China’s trade surplus with the U.S. hit a record high in September. The U.S. dollar index that tracks the greenback against a basket of other currencies was unchanged at 94.69 by 12:45 AM ET (04:45 GMT). The Read more
Gold prices extended gains on Thursday on safe-haven demand after global markets tumbled. A weaker dollar was also cited as supportive. Gold futures for December delivery were up $3.30, or 0.3%, at $1,196.8 a troy ounce by 1:20AM ET (05:20 GMT). “Investors might start to look for alternative investments to equities, Read more
The yuan inched up on Wednesday after China’s foreign ministry spokesperson Lu Kang said the country has no intention of using “competitive devaluation.” Lu said at a regular news briefing that the recent accusations U.S. officials made against China of intentionally weakening the currency to help exporters had been “groundless Read more
The yuan rose on Tuesday while the U.S. dollar was largely unchanged as a senior U.S. Treasury official expressed concern at the fall in the Chinese currency, according to Bloomberg. Citing the Treasury official, Bloomberg added that the U.S. is considering naming China as a “currency manipulator” in a report due Read more
The yuan slipped while the dollar gained on Monday as investors assessed the People’s Bank of China (PBOC)’s announcement on Sunday to loosen monetary policy. The central bank said on Sunday that it lowered the required reserve ratio (RRR) for some lenders by 1%. The cut will become effective from Read more
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