Subdued Start in Asia as Wall Street Rally Fizzles

An initial rally in Wall Street eventually fizzled into the close, as Treasury yields headed higher in the aftermath of the US Consumer Price Index (CPI) release, prompting the US dollar to pare its earlier losses. Both headline and core US CPI surprised on the downside, which will likely provide grounds for the Fed to

Asia FX weakens ahead of U.S. inflation, yuan supported by PBOC By Investing.com

© Reuters. Investing.com– Most Asian currencies edged lower on Thursday as investors turned broadly risk-averse ahead of key U.S. inflation data due later in the day, while the Chinese yuan rose sharply on more support from the central bank.  The dollar steadied near five-week highs, benefiting from increased demand as markets positioned for a potentially

Asia FX falls on weak Chinese trade data, dollar strengthens By Investing.com

© Reuters. Investing.com — Most Asian currencies fell on Tuesday as disappointing Chinese trade figures weighed on sentiment, while the dollar advanced amid uncertainty over the Federal Reserve and anticipation of key inflation readings this week. Government data showed that both Chinese and shrank at their fastest pace since the 2020 COVID-19 pandemic, pointing to

Asia FX slides as dollar, yields rise ahead of inflation data By Investing.com

© Reuters. Investing.com — Most Asian currencies fell on Monday, while the dollar and Treasury yields firmed ahead of key inflation data from the world’s largest economies, due later in the week. While the greenback logged steep losses on Friday, following mixed , it firmed in Asian trade as markets hunkered down ahead of U.S.

Asia FX weakens as strong payrolls buoy dollar past Fitch downgrade By Investing.com

© Reuters. Investing.com — Most Asian currencies retreated on Thursday, while the dollar rose after stronger-than-expected payrolls data helped overcome concerns over a U.S. rating downgrade by Fitch. Markets remained largely risk-averse after the Fitch move, which kept Asian units under pressure and spurred more safe haven demand for the greenback. Risk-heavy currencies such as

Asia FX flat, dollar steadies ahead of nonfarm payrolls data By Investing.com

© Reuters. Investing.com — Most Asian currencies moved in a tight range on Friday, while the dollar steadied after a strong week as markets awaited more economic signals from key U.S. payrolls data due later in the day. The dollar was headed for a third straight positive week, tracking a bounce in Treasury yields as

Asia FX under pressure, Aussie sinks as RBA holds rates By Investing.com

© Reuters. Investing.com — Most Asian currencies moved in a tight range on Tuesday as anticipation of key U.S. data this week boosted the dollar, while the Australian dollar slumped as the Reserve Bank held interest rates steady.  The greenback saw increased bids in Asian trade as overnight data showed that U.S. credit conditions were