The U.S. dollar slipped to near a two-week low on Tuesday after the U.S. and the European Union agreed steps to avoid trade war, easing immediate global trade tensions. U.S. President Donald Trump reached an agreement with European Commission President Jean-Claude Juncker on Wednesday to expand European imports of U.S. liquefied Read more
The dollar and euro barely moved on Wednesday, ahead of a meeting between U.S. President Donald Trump and European Commission President Jean-Claude Juncker at a time investors are focused on the trade rift between the two economic powers. The dollar index against a basket of major currencies (DXY) stood little changed at Read more
Chinese yuan dropped on Tuesday despite the PBOC’s injection of $74 billion into the country’s banking system the day before in a bid to strengthen the currency. Separately, China’s foreign ministry spokesman Geng Shuang said the country is not looking to boost its exports through devaluing the yuan. “The yuan’s exchange Read more
Treasury Secretary Steven Mnuchin landed in Buenos Aires for a summit on Friday with the risk of a currency war in the air. He left two days later with the world’s top finance chiefs feeling much more at ease. Mnuchin over roughly 48 hours tamped down concern of any shift Read more
The yuan slumped to a more than one year low on Friday while the dollar edged down against major peers after U.S. President Donald Trump expressed concern about the currency’s strength. The yuan fell after China’s central bank set the daily midpoint for onshore trading lower for a seventh straight Read more
The dollar held firm against the yen and other major currencies on Thursday, supported by bullish comments from the U.S. Federal Reserve chairman, which affirmed expectations about the central bank’s possible interest rate moves this year. In closely watched congressional testimony on Tuesday and Wednesday, Fed Chairman Jerome Powell said Read more
  The dollar strengthened on Wednesday as Federal Reserve Chairman Jerome Powell presented a positive assessment of the U.S. economy during his semi-annual congressional testimony on Tuesday. Powell also noted that the central bank is on track to gradually raise interest rate. The U.S. Dollar Index, which tracks the greenback against a basket of currencies, was Read more
 The dollar pared gains against its major peers on Tuesday, edging lower as investors awaited Federal Reserve Chairman Jerome Powell’s first congressional testimony for any clues on the pace of U.S. interest rate rises. Powell will testify on the economy and monetary policy before the U.S. Senate Banking Committee at Read more
Major currencies held around recent ranges on Monday thanks to a lull in China-U.S. trade skirmishing and as investors await key data from the world’s two biggest economies to determine whether global growth is running out of puff. The dollar paused at 112.39 yen JPY= , not far from a six-month top Read more
Dollar rose on Friday, trading near a 10-day peak after U.S. consumer prices data on Thursday showed a build-up of inflation pressure that would allow the Fed to raise rates as many as four times this year. The U.S. Dollar Index that tracks the greenback against a basket of currencies was up Read more
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