© Reuters. FILE PHOTO: A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON (Reuters) -The U.S. dollar slid against most major currencies on Monday, with a measure tracking the greenback’s value on track for its biggest monthly drop
© Reuters. FILE PHOTO: A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018. Picture taken August 28, 2018. REUTERS/Marcos Brindicci By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against a basket of currencies on Friday on news of steady U.S. business activity in November, but private
© Reuters. Investing.com– Most Asian currencies weakened slightly on Monday, while the dollar steadied as traders hunkered down before a string of key economic readings due this week. Mixed signals from China weighed on sentiment, as data showed a sustained, albeit narrowing decline in . Top Chinese government officials called on Beijing to unlock more
Share: Gold price hovers around the $2,000 psychological mark on the USD weakness. The private sector in the US continued to grow at a slower pace in early November. US Gross Domestic Product (GDP) and Personal Consumption Expenditure (PCE) inflation figures will be in the spotlight this week. Gold price (XAU/USD) holds above
Share: The XAU/USD sees a boost, ascending to the $2000 level. The US Dollar weakened after mixed S&P PMIs. Higher US yields may limit the upside of the metal. The XAU/USD is finding traction in Friday’s session, capitalising on mixed S&P PMIs and a weakening US Dollar. The pair, commonly recognised as
Share: In a shortened week, the US Dollar posted losses again. Next week, the key report in the US will be the Core PCE. Consumer inflation data is also due in the Eurozone with the preliminary November figures and in Australia with the October Monthly CPI. The Reserve Bank of New Zealand will
© Reuters Investing.com – The U.S. dollar edged lower in thin holiday-affected volumes Friday, amid uncertainty of the future path of U.S. interest rates. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.3% to 103.555, just above the two-and-a-half month low of 103.17
Currency traders have seen the Euro maintain a bullish stance against the US Dollar today, as it continues to target the 1.1000 mark, finding support at the 1.0900 level. However, the European currency has experienced a downturn against the British Pound, reaching a two-week low. Investor sentiment has been influenced by shifting expectations around the
Share: Mexican Peso extends its rally, capitalizing on a weaker USD. Mexico’s GDP growth aligns with expectations and might refrain Banxico’s officials from easing monetary policy. Mixed US economic data, with improving business activity but a downturn in Manufacturing PMI, weighed on the USD/MXN pair. Mexican Peso (MXN) is set to finish the
© Reuters. The Nigerian Naira has continued its decline, hitting record lows in both the official and parallel foreign exchange markets. Amidst the ongoing currency crisis, Central Bank of Nigeria (CBN) Governor Dr. Olayemi Cardoso is expected to announce new monetary policies today at a Chartered Institute of Bankers of Nigeria (CIBN) event. The Naira
