The U.S. dollar continued to strengthen in Asia on Wednesday morning while the Aussie dollar slipped on disappointing economic growth data. The U.S. Dollar Index that tracks the greenback against a basket of six major currencies rose 0.07% to 96.863 by 10:15 PM ET (3:15 AM GMT). The dollar gained against other Read more
Higher bond yields in the U.S. combined with the lowest growth target in China in 30 years to support the greenback. The U.S. Dollar Index that tracks the greenback against a basket of currencies rose 0.02% to 96.70 by 11:50 PM ET (4:51 AM GMT). U.S. Treasury yields pulled back from peaks Read more
News of a possible trade deal in the near future between the U.S. and China lifted the Chinese yuan on early Monday in Asia ahead of the start of China’s annual meeting of the National People’s Congress in Beijing, which begins Tuesday. The USD/CNY pair dropped by 0.25% to 6.6882 by 11:06 Read more
U.S. dollar rose on Friday in Asia after data showed that the American economy registered its strongest annual growth in 12 years. Gross domestic product increased at a 2.6% annual rate in the fourth quarter, the Commerce Department said in its advance estimate on Thursday, in line with economists’ forecasts. The Read more
The yuan was little changed on Thursday in Asia following the release of weaker-than-expected PMI data. This month’s manufacturing PMI came in at 49.2, sliding lower than the 49.5 in January, official data showed. The February reading was expected to stay unchanged from last month’s 49.5. A reading below 50 means the Read more
The GBP/USD pair jumped to a four-week high on Tuesday in Asia following a Bloomberg report that said British Prime Minister Theresa May was considering delaying a deadline on Brexit. Citing people familiar with the situation, the report said May is expected to allow her cabinet to discuss extending the deadline beyond Read more
Oil price fell on Monday in Asia even after the U.S. and China moved closer to a potential trade deal. On Sunday, U.S. President Donald Trump announced on Twitter that he is delaying a hike in tariffs on Chinese goods, citing progress in the latest trade talks between the two Read more
The U.S. dollar edged up on Friday in Asia even after a set of weak U.S. data released overnight. The Aussie Dollar was little changed after sliding to a 10-day low yesterday. The U.S. dollar index traded 0.1% higher to 96.500 by 12:10 AM ET (05:10 GMT) despite a slew of negative Read more
The Chinese yuan moved higher against the U.S. dollar on Thursday in Asia following reports that Washington and Beijing started to outline a trade deal to end a seven-month long trade war. Citing sources familiar with the negotiations, Reuters reported on Thursday in Asia that “the broad outline of what could make Read more
 The dollar was capped against its peers on Wednesday on falling U.S. yields and before the Federal Reserve’s policy meeting minutes, though it managed to gain on the yen as stronger investor risk appetite curbed demand for the Japanese currency. The U.S. currency was up 0.2 percent at 110.83 yen. Read more
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