The dollar traded near its 3-1/2-week lows against its peers on Monday after data last week showed slower-than-expected wage growth. The U.S. Dollar Index, which tracks the greenback against a basket of six major currencies, fell 0.15% to 93.62. The data showed average U.S. hourly earnings gained five cents, or 0.2% in June Read more
The dollar stood little changed against its peers on Friday and investor caution prevailed with U.S. tariffs on Chinese goods taking effect and market participants turning their attention to the closely-watched U.S. jobs report due later in the day. The first salvos of a trade conflict between the world’s biggest Read more
The dollar edged up on Thursday as market players prepare for a potential full-scale Sino-U.S. trade war. On Friday, the U.S. is scheduled to impose tariffs on $34 billion of Chinese goods. Beijing has said earlier it would slap tariffs on an equal value on U.S. exports including agricultural and auto exports. However, Chinese Ministry Read more
The Chinese yuan stabilized against the dollar on Wednesday after touching its lowest levels in around 11 months overnight. Reports that the People’s Bank of China assured markets the central bank would keep the currency stable were cited as supporting the yuan. Yi Gang, governor of the PBOC, said in Read more
The dollar eased marginally against its peers on Tuesday, as the euro steadied after partners in Germany’s coalition settled a row over migration that had threatened to topple Chancellor Angela Merkel’s government. The euro was little changed at $1.1630 (EUR=) after shedding 0.45 percent overnight. The single currency had slipped Read more
Mexico’s peso firmed sharply after exit polls showed leftist candidate Andres Manuel Lopez Obrador handily won Mexico’s presidential election on Sunday, as widely expected by financial markets. The peso <mxn=>extended gains after Lopez Obrador’s rivals conceded defeat, strengthening around 1 percent against the U.S. dollar and leading gains among major currencies. Read more
The dollar held firm versus the yen on Friday after U.S. President Donald Trump indicated a softer approach on Chinese investment in U.S. technology companies. The White House announced on Wednesday that it would not be looking to impose the new 25% new limits on Chinese ownership in U.S. tech-related companies, as reports had suggested earlier in the week. Read more
Yuan was under pressure on Thursday as investors remained anxious about the country’s economic outlook amid the uncertainty with the U.S. on trade issues. The USD/CNY pair was trading at 6.6159 by 12:58AM (04:58 GMT), 0.2% higher than the previous late session close. The yuan has slid in each of the past Read more
The U.S. dollar was little changed on Wednesday morning in Asian trade as trade concerns eased somewhat. The People’s Bank of China (PBOC) sets the weakest yuan mid-point rate today since December 25, 2017, a move seen as China’s way of absorbing the shocks of the ongoing U.S.- China trade Read more
The Chinese yuan slid against the dollar on Tuesday morning in Asia to the lowest level since December 28. The escalating trade tension between the U.S. and China also lifted the safe-haven yen amid risk aversion. The Sino-U.S. trade talks continues to be the focus of this week. The USD/CNY pair rose Read more
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