© Reuters. The dollar reached a 6.5-month peak on Thursday, September 21, 2023, after the U.S. Federal Reserve signaled a continuation of its restrictive policy, even as it held rates steady. This comes as the Swiss franc fell following the Swiss National Bank’s decision to maintain unchanged rates, marking the first time it has not
© Reuters. The Gambia’s currency, the dalasi, continues to hold its position as Africa’s strongest currency this year, according to the central bank governor. The dalasi has appreciated by 0.9% against the U.S. dollar so far, outperforming 23 other African currencies monitored by financial analysts. The central bank attributes this strong performance to increased inflows
© Reuters. Arthur Hayes, the former CEO of BitMex, has recently conducted an analysis on the potential capital flight from China, following the (CNY) depreciating nearly 15% against the U.S. dollar (USD) this year. The depreciation has ignited speculation about China’s investment strategies in the face of economic instability. Hayes’ analysis was informed by insights
© Reuters. Investing.com – The U.S. dollar traded in a steady fashion in Europe Wednesday ahead of the conclusion of the latest Federal Reserve policy meeting, while sterling weakened after a surprise drop in the headline U.K. inflation rate. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a basket of
© Reuters. Investing.com – The U.S. dollar traded largely unchanged in early European trade Tuesday, drifting ahead of the start of the latest two-day Federal Reserve policy meeting, the highlight of several key central bank rate decisions this week. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of
The pair is experiencing significant selling pressure this Tuesday as the US Dollar weakens ahead of the Federal Reserve’s interest rate decision. Meanwhile, Statistics Canada reports that the headline Consumer Price Index (CPI) expanded at a pace of 0.4%, higher than expectations of 0.2%. The annual headline inflation has also accelerated sharply to 4% against
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Monday, but remained near six-month highs as traders cautiously awaited several key central bank rate decisions this week, most notably from the Federal Reserve. At 03:05 ET (07:05 GMT), the Dollar Index, which tracks the greenback against a basket of six other
© Reuters. Investing.com– Most Asian currencies fell on Monday, while the dollar steadied near six-month highs as markets hunkered down before several key central bank rate decisions this week, most notably the Federal Reserve. Lingering concerns over China, particularly the country’s struggling property market, also kept broader sentiment subdued. Chinese police detained some employees of
© Reuters. The U.S. dollar retained its gains against peers on Friday, following strong U.S. economic data and a rate hike by the European Central Bank (ECB). The currency’s strengthening came in response to higher-than-expected U.S. retail sales and an ECB decision that prompted a drop in European yields. U.S. retail sales for August were
The currency pair has been climbing for the second consecutive day, reaching a nearly two-week high during Friday’s Asian trading session. The pair’s increase is largely attributed to optimism over additional stimulus from China and positive Chinese economic data. China’s National Bureau of Statistics (NBS) reported that the country’s August retail sales grew by 4.6%
