The dollar advanced for the first day in six on Thursday as new U.S. tariffs on $16 billion of Chinese imports are set to take effect later Thursday, while China said it would impose retaliatory tariffs on the same amount of U.S. goods. The U.S. Dollar Index, which tracks the greenback against a Read more
The dollar was little changed, while the Japanese yen slipped on Wednesday after climbing overnight following reports that U.S. President Donald Trump’s longtime lawyer Michael Cohen admitted to making illegal payments and committed other crimes to influence the 2016 election. The U.S. dollar index, which tracks the greenback against a basket of other Read more
The U.S. dollar slipped on Tuesday after U.S. President Donald Trump said he disagreed with the Federal Reserve’s decision to raise interest rates. The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, was down 0.3% to 95.39 by 1:20AM ET (05:20 GMT). “I should be given some help Read more
The U.S dollar was little changed on Friday, while the Chinese yuan slipped after posting its biggest daily gain since January 2017 in offshore trade on Thursday following news that China and the U.S. will resume trade talks later in August. The U.S. Dollar Index, which tracks the greenback against a Read more
President Donald Trump has repeatedly called for a weaker U.S. dollar in a bid to help U.S. exporters, but his recent trade policies, including the imposition of import tariffs on some Turkish goods, have had the opposite effect of strengthening the greenback. The dollar this week rose to a 13-month Read more
The U.S. dollar advanced on Wednesday after hitting another 13-month high in the previous session as safe-haven demand increased amid lingering concerns over the Turkish lira crisis. The U.S. dollar index, which tracks the greenback against a basket of other currencies, rose by 0.18% to 96.72 by 1:30AM ET (05:30 GMT), just below Read more
The Turkish lira stabilized while the U.S. dollar slipped on Tuesday as Turkey’s central bank promised to save the country’s financial crisis. Turkey’s central bank announced on Monday a series of measures to offer liquidity and cut reserve requirement for banks, in a bid to saving lira from its crisis Read more
The euro was soft near 13-month lows on Monday as a slide in the Turkish lira sparked a sharp sell-off in the South African rand and boosted demand for safe havens such as the U.S. dollar and the yen. After hitting a record low of 7.24 against the dollar early Read more
China’s yuan strengthened for a second day after the People’s Bank of China (PBOC) reportedly urged the banks to prevent any “herd behavior” and momentum-chasing moves in the forex markets. The USD/CNY pair was down 0.17% to 6.8217 at 1:00AM ET (05:00 GMT). The offshore yuan, on the other, lost momentum as Read more
The U.S. Dollar slipped on Tuesday after advancing earlier in the day and re-approaching the one-year high of 95.44 hit on July 19. The U.S. Dollar Index, which tracks the greenback against a basket of currencies was down 0.02% at 95.17 by 1:30AM ET (05:30 GMT). Overnight, it edged close to Read more
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