© Reuters. Investing.com– Most Asian currencies firmed sharply on Monday, tracking extended declines in the dollar amid increasing bets that the Federal Reserve was done raising interest rates, while promises of more Chinese stimulus measures also aided sentiment. The surged 0.5% to its strongest level against the dollar since early-August. The biggest point of support
© Reuters. Investing.com – The U.S. dollar fell to a more than two-month low in early European trade Monday, adding to last week’s sharp losses on increased expectations that the Federal Reserve has completed its rate-hiking cycle. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other
© Reuters. The dollar showed signs of weakness today, with the pair falling from a high of 148.70 in Asia to a low of 148.10 in Europe, even as U.S. Treasury yields edged up nearly four basis points to 4.480%. This divergence occurred amidst a mixed performance in European equities and stable , suggesting a
British Pound Latest: GBP/USD Analysis and Chart Cable gains on US dollar weakness. UK Autumn Statement is released on Wednesday. For all market-moving economic data and events, see the DailyFX Calendar Ahead of this week’s Autumn Statement, UK PM Rishi Sunak is promising to reduce debt and cut taxes in an effort to boost the
© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Samuel Indyk and Rae Wee LONDON (Reuters) -The dollar slid to a more than two-month low on Monday, extending a downtrend from last week as traders reaffirmed their belief that U.S. rates have
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© Reuters. LONDON – The yuan and Australian dollar ascended to three-month peaks today, buoyed by strategic moves from China’s central bank and a softening U.S. dollar, which hit a two-month low with the falling to 103.64. This comes as market consensus grows around the belief that U.S. interest rates may have topped out following
Share: The New Zealand Dollar trades higher against the US Dollar but lower versus the Yen on Friday. The Kiwi is supported by a relatively benign outlook for inflation amongst most counterparts. NZD/USD establishes a floor and rebounds, resuming the uptrend from midweek. The New Zealand Dollar (NZD) is trading mixed at the
© Reuters. FILE PHOTO: Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration By Herbert Lash and Iain Withers NEW YORK/LONDON (Reuters) – The dollar posted its second-steepest weekly decline versus other major currencies this year on Friday, while the yen strengthened sharply, and the dollar traded
Share: The DXY Index stands at 103.90, seeing losses of around 0.40% and tallying a 1.60% weekly decline. Investors continue to digest the data reported throughout the week. The combo of cooling inflation and the labor market points to the Fed not hiking anymore. Fed’s Susan Collins was seen as hawkish on Friday.
