© Reuters. Investing.com– The People’s Bank of China said on Friday that it will cut the amount of foreign exchange that is required to be held by banks, as it moves to stem further weakness in the yuan and support a slowing economic recovery. The PBOC said it will cut the foreign exchange reserve requirement
© Reuters. Investing.com – The U.S. dollar stabilized in early European trade Thursday, after hefty losses this week as signs of a cooling U.S. economy pointed to limited headroom for the Federal Reserve to keep raising interest rates. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a basket of six
© Reuters. Investing.com– Most Asian currencies fell slightly on Wednesday with markets remaining risk averse ahead of key economic readings this week, while the dollar steadied after steep losses in the past two sessions. Weak and data saw the dollar pull back sharply from a near three-month high on Tuesday, as markets bet that the
© Reuters. Investing.com – The U.S. dollar edged higher in early European trade Wednesday, stabilizing after the previous session’s sharp declines as investors look for clues on the path for Federal Reserve policy. At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher
© Reuters. Investing.com — Most Asian currencies strengthened on Tuesday, while the dollar retreated from near three-month highs as investors trimmed some positions before a slew of key economic readings this week. Fears of higher U.S. interest rates spurred a six-week rally in the greenback, following strong inflation and jobs data and as the Federal
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Tuesday, retreating from near three-month highs ahead of the release of a slew of key economic data this week. At 03:10 ET (07:10 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 103.907,
© Reuters. Investing.com — Most Asian currencies moved little on Monday as markets weighed hawkish yet somewhat reiterative comments on monetary policy from the Federal Reserve, while the dollar retained recent gains and came close to a three-month high. Fed Chair Jerome Powell on Friday warned that U.S. interest rates could still rise further to
© Reuters Investing.com — Most Asian currencies fell on Friday, while the dollar surged to two-month peaks as markets hunkered down ahead of more signals on monetary policy from the Jackson Hole Symposium. The greenback saw strong overnight gains, while Treasury yields also moved back towards multi-decade highs as data showed continued resilience in the
© Reuters. Investing.com – The U.S. dollar rose in early European trade Friday, climbing to a two-month high as traders positioned for hawkish comments from Federal Reserve Chair Jerome Powell at Jackson Hole. At 03:15 ET (07:15 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2% higher at
© Reuters. Investing.com – The U.S. dollar steadied in early European trade Thursday after overnight losses as Treasury yields retreated in the wake of weak economic data, ahead of the start of the Jackson Hole Symposium. At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of six other currencies, traded
