The dollar sagged on Thursday as the pound led a bounce in European currencies, although skittish emerging market currencies and global trade concerns limited the greenback’s losses. The Australian dollar also dipped, failing to draw support from slightly better-than-expected domestic trade data. The catalyst behind the dollar’s fall was the Read more
The Australian dollar rose on Wednesday after data showed growth in the Australian economy accelerated in the second quarter of 2018. The AUD/USD pair rose 0.2% to 0.7191 by 12:30AM ET (04:30 GMT). The Australian economy grew by 0.9% quarter-on-quarter, compared with the estimated growth rate of 0.7%, the Australian Bureau of Statistics reported Read more
The dollar and the yen strengthened on Tuesday as investors bid up safe haven assets amid tensions around global trade and strains in emerging market currencies. Fears of a hit to global growth from U.S. President Donald Trump’s ‘America First’ protectionist policies have kept markets in a state of heightened Read more
The Australian dollar fell on Monday after data showed retail saleswere flat month-on-month in July while analysts expected a 0.3% growth. The AUD/USD pair fell 0.2% to 0.7190, after hitting 0.7166 earlier in the day and hovering near a 22-month low. Data from the Australian Bureau of Statistics revealed on Monday that July Read more
The dollar gained on Friday as reports that U.S. President Donald Trump was considering plans to impose tariffs on $200 billion in Chinese imports as soon as next week boosted safe-haven demand. Citing six people familiar with the matter, Bloomberg reported that Trump wanted to move ahead with a plan Read more
The British pound held firm in early Asian trade on Thursday, after making its biggest gains in seven months the previous day, following comments from the European Union’s chief negotiator offering Britain close ties after Brexit. The pound surged as fears that Britain could go through a hard Brexit eased Read more
 Citigroup Inc (NYSE:C). is bullish on the dollar. U.S. President Donald Trump could change that. The administration’s preference for a weaker greenback, combined with its unpredictable policy moves, pose a key risk for foreign exchange markets, according to Calvin Tse, North American head of G-10 FX strategy at Citigroup in New Read more
The dollar remained near one-month lows against the euro on Tuesday, but gained against the yen after a U.S.-Mexico deal aimed at overhauling the North American Free Trade Agreement boosted appetite for riskier assets. The agreement put pressure on Canada to consent to new terms in order to preserve a Read more
The Chinese yuan gained on Monday as the People’s Bank of China (PBOC) stepped in to support the currency by re-introducing a counter-cyclical factor to its daily fixing mechanism. The USD/CNY pair traded at 6.8099 by 1:15AM ET (05:15 GMT), down 0.1% after China’s central bank on Monday lifted its official yuan midpoint more Read more
The dollar held onto recent gains in early trade on Friday after U.S. and Chinese officials ended two days of trade talks without any major breakthroughs. The talks between the two nations ended as their trade war escalated on Thursday after a new round of U.S. tariffs kicked in on Read more
You're not allowed to copy or download any content.
