Treasury Secretary Steven Mnuchin landed in Buenos Aires for a summit on Friday with the risk of a currency war in the air. He left two days later with the world’s top finance chiefs feeling much more at ease. Mnuchin over roughly 48 hours tamped down concern of any shift Read more
The yuan slumped to a more than one year low on Friday while the dollar edged down against major peers after U.S. President Donald Trump expressed concern about the currency’s strength. The yuan fell after China’s central bank set the daily midpoint for onshore trading lower for a seventh straight Read more
The dollar held firm against the yen and other major currencies on Thursday, supported by bullish comments from the U.S. Federal Reserve chairman, which affirmed expectations about the central bank’s possible interest rate moves this year. In closely watched congressional testimony on Tuesday and Wednesday, Fed Chairman Jerome Powell said Read more
  The dollar strengthened on Wednesday as Federal Reserve Chairman Jerome Powell presented a positive assessment of the U.S. economy during his semi-annual congressional testimony on Tuesday. Powell also noted that the central bank is on track to gradually raise interest rate. The U.S. Dollar Index, which tracks the greenback against a basket of currencies, was Read more
 The dollar pared gains against its major peers on Tuesday, edging lower as investors awaited Federal Reserve Chairman Jerome Powell’s first congressional testimony for any clues on the pace of U.S. interest rate rises. Powell will testify on the economy and monetary policy before the U.S. Senate Banking Committee at Read more
Major currencies held around recent ranges on Monday thanks to a lull in China-U.S. trade skirmishing and as investors await key data from the world’s two biggest economies to determine whether global growth is running out of puff. The dollar paused at 112.39 yen JPY= , not far from a six-month top Read more
Dollar rose on Friday, trading near a 10-day peak after U.S. consumer prices data on Thursday showed a build-up of inflation pressure that would allow the Fed to raise rates as many as four times this year. The U.S. Dollar Index that tracks the greenback against a basket of currencies was up Read more
The Dollar firmed against its peers and traded near a six-month high against the yen on Thursday as the U.S. Labor Department’s expectation-beating inflation report boosted confidence in the world’s top economy. The latest U.S. economic data reaffirmed expectations that the Federal Reserve will hike interest rates two more times Read more
The yen, often sought in times of political tensions and market turmoil, gained against a number of peers following the latest tariff news. The USD/JPY pair dropped to 110.85 by 12:30AM ET (04:30 GMT) after hitting a seven-week high of 111.355 yen earlier on Tuesday. Meanwhile, the yuan retreated by the most Read more
The Chinese yuan continued to rebound from multi-month lows while the U.S. dollar remained flat in morning trade in Asia Tuesday. The U.S. Dollar Index, which tracks the greenback against a basket of six major currencies, gained a very little ground in morning trade in Asia, climbing just 0.02% to 93.82 Read more
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