The British pound traded flat on Wednesday in Asia after U.K. Prime Minister Theresa May’s Brexit plan was voted down by a hefty margin. The GBP/USD pair last traded at 1.2857 by 11:44 PM ET (04:44 GMT), down 0.01%. The pair was down close to $1.27 before the vote but pared losses Read more
The British pound was in focus and traded slightly higher against the U.S. dollar on Tuesday in Asia ahead of a vote on U.K. Prime Minister Theresa May’s Brexit Deal. The U.K. parliament is expected to vote down May’s Brexit plan later in the day. While the defeat is widely Read more
The dollar rose against most of its peers on Monday, although heightened investor expectations that the Federal Reserve will not raise rates this year are most likely to cap the greenback’s gains. The Australian dollar <aud=>and New Zealand dollar <nzd=>edged lower versus the dollar in early Asian trade, falling 0.2 percent and Read more
The dollar fell versus its major peers on Friday, as investors grew increasingly confident that the U.S. Federal Reserve may hit the pause button on monetary tightening this year. Fed Chairman Jerome Powell reiterated on Thursday the U.S. central bank has the ability to be patient on monetary policy given Read more
The U.S. dollar slipped on Thursday in Asia after the Federal Reserve indicated in the minutes of its December meeting that it was willing to hold off on rate hikes amid concerns about global growth and subdued inflation. Fed members indicated they could afford to be “patient” about future rate Read more
The Chinese yuan and the Australian dollar gained on Wednesday in Asia following reports that Beijing and Washington may be making progress in resolving their trade dispute. Talks between the two countries were extended for a third day, according to various media, which added that negotiators made progress on issues Read more
The U.S. dollar rebounded on Tuesday in Asia after falling for a fourth straight session, as data showed that U.S. services activity undershot expectations and strengthened expectations the Federal Reserve could rein in rate hikes. ISM non-manufacturing data for December fell to a reading of 57.6, missing expectations of 59.6, data Read more
The dollar slipped against peers on Monday, as traders placed bearish bets due to rising expectations that the Federal Reserve would put its policy tightening on pause in 2019. Risk appetites were strong in Asian trade, thanks to China’s aggressive monetary easing on Friday to address a sharp economic slowdown Read more
The dollar hovered near a one-month low against its peers on Friday, weighed down by a subdued outlook toward U.S. interest rates and the economy, while risk aversion in the broader markets boosted the yen. The dollar index against a basket of six major currencies stood near 96.30 after falling to 96.168 Read more
The dollar steadied in Asian trade on Thursday after the Federal Reserve stepped back from a more aggressive policy tightening path even as it gave markets the distinct impression of being much less cautious than they had anticipated. In a widely expected decision, the U.S. central bank hiked interest rates Read more
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