The dollar firmed against the pound and euro on Monday as unsuccessful British efforts to secure a Brexit deal ahead of a key European Union summit reinforced global investors’ preference for safe haven currencies. The euro (EUR=) traded around 0.13 percent lower at 1.1546 on Monday, while the sterling <gbp=>lost 0.36 Read more
The U.S. dollar remained unchanged, while the Aussie dollar slipped on Friday after data showed China’s trade surplus with the U.S. hit a record high in September. The U.S. dollar index that tracks the greenback against a basket of other currencies was unchanged at 94.69 by 12:45 AM ET (04:45 GMT). The Read more
Gold prices extended gains on Thursday on safe-haven demand after global markets tumbled. A weaker dollar was also cited as supportive. Gold futures for December delivery were up $3.30, or 0.3%, at $1,196.8 a troy ounce by 1:20AM ET (05:20 GMT). “Investors might start to look for alternative investments to equities, Read more
The yuan inched up on Wednesday after China’s foreign ministry spokesperson Lu Kang said the country has no intention of using “competitive devaluation.” Lu said at a regular news briefing that the recent accusations U.S. officials made against China of intentionally weakening the currency to help exporters had been “groundless Read more
The yuan rose on Tuesday while the U.S. dollar was largely unchanged as a senior U.S. Treasury official expressed concern at the fall in the Chinese currency, according to Bloomberg. Citing the Treasury official, Bloomberg added that the U.S. is considering naming China as a “currency manipulator” in a report due Read more
The yuan slipped while the dollar gained on Monday as investors assessed the People’s Bank of China (PBOC)’s announcement on Sunday to loosen monetary policy. The central bank said on Sunday that it lowered the required reserve ratio (RRR) for some lenders by 1%. The cut will become effective from Read more
The U.S. dollar eased back from earlier highs on Thursday, as 10-year Treasury yields continued to climb. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.37% to 95.32 as of 11:08 AM ET (15:08 GMT). The yield on the benchmark 10-year Treasury note rose Read more
The U.S. dollar rose while the Japanese yen fell on Thursday following a positive private sectors job data. The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, last traded at 95.76 at 1:00AM ET (05:00 GMT), up 0.09%. The ADP and Moody’s Analytics revealed on Thursday Read more
The U.S. dollar and the Japanese yen fell on Wednesday on reports that the Italy government is aiming to cut its budget deficit to 2% of GDO in 2021. The government forecasted a deficit of 2.4% in 2019 and 2.2% in 2020. The country’s debt-to-GDP ratio currently stands at 131%, Read more
The dollar retained gains against a basket of currencies on Tuesday while slipping off a more than 10-month peak against the yen as the boost to risk appetites from the U.S.-Canada trade deal to replace the North American Free Trade Agreement faded. Traders awaited the outcome of a Reserve Bank Read more
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