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 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 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 Read more
The Dollar firmed against its peers and traded near a six-month high against the yen on Thursday as the U.S. Labor Department’s expectation-beating inflation report boosted confidence in the world’s top economy. The latest U.S. economic data reaffirmed expectations that Read more
The yen, often sought in times of political tensions and market turmoil, gained against a number of peers following the latest tariff news. The USD/JPY pair dropped to 110.85 by 12:30AM ET (04:30 GMT) after hitting a seven-week high of 111.355 yen Read more
The Chinese yuan continued to rebound from multi-month lows while the U.S. dollar remained flat in morning trade in Asia Tuesday. The U.S. Dollar Index, which tracks the greenback against a basket of six major currencies, gained a very little ground Read more
The dollar traded near its 3-1/2-week lows against its peers on Monday after data last week showed slower-than-expected wage growth. The U.S. Dollar Index, which tracks the greenback against a basket of six major currencies, fell 0.15% to 93.62. The data showed average Read more
The dollar stood little changed against its peers on Friday and investor caution prevailed with U.S. tariffs on Chinese goods taking effect and market participants turning their attention to the closely-watched U.S. jobs report due later in the day. The Read more
The dollar edged up on Thursday as market players prepare for a potential full-scale Sino-U.S. trade war. On Friday, the U.S. is scheduled to impose tariffs on $34 billion of Chinese goods. Beijing has said earlier it would slap tariffs on an equal value on Read more
The Chinese yuan stabilized against the dollar on Wednesday after touching its lowest levels in around 11 months overnight. Reports that the People’s Bank of China assured markets the central bank would keep the currency stable were cited as supporting Read more
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