The U.S. dollar was flat against its rivals Tuesday as the Federal Reserve got its two-day meeting underway. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.06% to 96.49. The greenback remained well above session lows despite growing expectations the Federal Read more
The dollar remained under pressure on Tuesday as markets counted down to a crucial Federal Reserve meeting amid speculation it will soon hit the pause button to its monetary tightening cycle in the face of rising risks to global growth. A sell-off in equities overnight extended into the Asian morning Read more
The yuan fell on Friday in Asia after China reported a set of weak data. The USD/CNY pair traded 0.13% higher to 6.8917 by 12:30 AM ET (05:30 GMT). The fall in the yuan came after official data showed growth in retail sales and industrial output in China slowed more than expected Read more
The pound held onto most of the previous session’s gains on Thursday after British Prime Minister Theresa May survived a no-confidence vote, buying time to try to steer her unpopular Brexit deal through a deeply divided parliament. The euro trod water ahead of a closely-watched policy meeting by the European Read more
The U.S. dollar slipped on reports that Beijing and Washington are preparing their next stage of trade talks. Meanwhile, the British pound remained near 20-month lows against the U.S. dollar after U.K. prime minister Theresa May called off Tuesday’s vote on her Brexit deal so she could go back to Brussels and Read more
The dollar slid almost half a percent against the euro and the yen on Monday after soft U.S. payrolls data fueled speculation that the Federal Reserve may stop raising interest rates after a highly likely move next week. The Chinese yuan dipped after weak trade and inflation data over the weekend, while Read more
The U.S. dollar was flat on Friday in Asia following reports that the Federal Reserve is considering adopting a wait-and-see approach to rate hikes. The U.S. Dollar Index that tracks the greenback against a basket of other currencies last traded at 96.787 by 11:54 PM ET (04:54 GMT), up 0.02%. The Wall Read more
The dollar was little changed on Thursday while the Chinese yuan fell after the arrest of the CFO of tech giant Huawei Technologies. The U.S. dollar index that tracks the greenback against a basket of other currencies last traded at 96.970 by 11:40 PM ET (04:40 GMT), down 0.04%. “The dollar could Read more
The Aussie dollar declined on Wednesday in Asia after data showed the country’s economy expanded less than expected in the three months through September. Gross domestic product rose 0.3% from the second quarter, the statistics bureau said on Wednesday. Analysts previously expected GDP to rise 0.6%. On Tuesday, The Reserve Bank Read more
The EUR/USD could challenge a key resistance at 1.1402 today, tracking the slide in the 10-year treasury yield and the rise in the Chinese yuan – an anchor for global markets. The common currency scored marginal gains in Asia as the benchmark US Treasury yield fell below the 200-day moving average (MA) of 2.96 Read more
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