The dollar bounced back slightly on Friday morning in Asia, ahead of the G20 summit that kick off later in the day. U.S. President Donald Trump and his Chinese counterpart Xi Jinping are expected to discuss trade. The U.S. dollar index, which tracks the greenback against a basket of six major currencies, was Read more
The dollar slipped on Thursday morning in Asia after the chairman of the U.S. Federal Reserve Jerome Powell said interest rates are “just below neutral,” signaling a potential end of the bank’s cycle of rate hike. The U.S. dollar index, which tracks the greenback against a basket of six major currencies, dropped 0.06% Read more
The dollar held near two-week highs on Wednesday after a senior Federal Reserve official reaffirmed the need for further rate increases and as investors sought shelter in the currency thanks to simmering Sino-U.S. trade tensions. The dollar has come under some pressure recently on signs the Fed might slow down Read more
The dollar held steady on Tuesday as fresh concerns about the Sino-U.S. trade war lent support to safe haven currencies, although moves were tempered as investors await possible cues from the Federal Reserve about policy direction. Weighing on global risk sentiment were comments from U.S. President Donald Trump on Monday Read more
The British pound was little changed on Monday in Asia after European Union leaders gave their official endorsement of U.K. Prime Minister Theresa May’s Brexit withdrawal, and warned British politicians that it was the best deal possible for Britain because there is no “plan b.” The GBP/USD pair last traded at 1.2815 Read more
The British Pound steadied on Friday in Asia after the U.K. and the European Commission reportedly agreed on a draft political declaration that pledges an “ambitious, broad, deep and flexible partnership.” “While it cannot amount to the rights or obligations of membership, the parties are agreed that the future relationship Read more
The GBP/USD is seeing choppy action in Thursday’s pre-London market session, bouncing between 1.2770 and 1.2790, with thin liquidity on the cards as GBP traders await further developments on Brexit. European-theater market flows will be deciding the Cable’s direction, with a thinned-out economic calendar on the offering for Thursday, though a late-session Read more
The dollar was flat on Wednesday morning in Asia despite a fall in U.S. stocks overnight. Other major currencies were also mostly unchanged. The U.S. dollar index that tracks the greenback against a basket of other currencies slipped 0.03% to 96.67 by 12:20 AM ET (05:20 GMT). The Dow Jones Industrial Average plunged 551.80 Read more
The dollar was flat while the Aussie slipped on Tuesday. Comments by New York Fed President John Williams (NYSE:WMB) received some focus as he said the Federal Reserve “will be likely raising interest rates somewhat.” His comments came after Richard Clarida, the Fed’s newly appointed vice chair, expressed caution over Read more
The dollar eased slightly versus other major currencies on Monday after Federal Reserve officials expressed caution over the global growth outlook, prompting traders to reassess the pace of future U.S. interest rate increases. The greenback has enjoyed a strong run this year thanks to the Fed’s steady policy tightening on Read more
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