Currencies Foreign Exchange

  • Vasileios Gkionakis, head of global FX strategy at Unicredit, explains why there is “a fundamental case for the (U.S.) dollar to go down.”

  • The dollar wallowed near seven-week lows in Asian trade on Tuesday.

  • *Dollar takes early dip in Asia on Mnuchin comments, lower yields. *Sterling firm ahead of UK court ruling on Brexit vote. SYDNEY, Jan 24- The dollar struggled in Asia on Tuesday as U.S.

  • TOKYO, Jan 24- The dollar wallowed near seven-week lows in Asian trade on Tuesday, pressured by concerns about the impact of U.S President Donald Trump's protectionist trade stance. Trump formally withdrew the United States from the now 11- nation Pacific Rim Trans-Pacific Partnership, distancing America from its Asian allies. He has also said he intended to...

  • BEIJING, Jan 24- Repatriation of normal profits by foreign invested firms will not be restricted, the head of China's foreign exchange regulator said on Tuesday. The comments follow several similar government statements meant to reassure foreign companies that stronger controls on capital leaving the country will not impact operations of foreign firms in...

  • TOKYO, Jan 24- The dollar wallowed near seven-week lows in early Asian trade on Tuesday, pressured by concerns about the impact of U.S President Donald Trump's protectionist trade stance. Trump was poised to sign executive orders as early as Monday intended to renegotiate the free trade agreement between the United States, Canada and Mexico, according to media...

  • SAO PAULO, Jan 23- Latin American currencies strengthened on Monday as the dollar fell to a seven-week low over investor concerns about protectionist pledges by U.S. The peso's gains came after Trump refrained from taking initial actions on Monday that would disrupt trade with Mexico, despite saying over the weekend that he planned to talk soon with the...

  • Treasury Secretary nominee Steven Mnuchin has told senators that he would work to combat currency manipulation but would not give a clear answer on whether he currently views China as manipulating its yuan, according to a Senate Finance Committee document seen by Reuters on Monday. In written answers to supplemental questions from the committee following...

  • MNUCHIN, ASKED IF CHINA HAS STOPPED INTERVENING IN CURRENCY MARKETS TO DEVALUE ITS CURRENCY, REPLIED: "IF CONFIRMED I INTEND TO REVIEW THE ISSUE OF CHINESE CURRENCY MANIPULATION"- DOCUMENT.

  • President Donald Trump said Canada has a "very special status" and is unlikely to be hard hit by any changes to the NAFTA trade accord. Trump pulled the United States out of the Trans-Pacific Partnership on Monday and has threatened to rip up the North American Free Trade Agreement-- signed in 1994 by the United States, Canada and Mexico-- if it cannot be retooled to...

  • *Sterling rises ahead of Supreme Court decision. NEW YORK, Jan 23- The dollar slumped to a seven-week low against a currency basket on Monday, weighed by concerns about the early days of U.S. In late trading, the dollar index, which measures the greenback against six major rivals, fell 0.6 percent to 100.16 led by 1.4 percent drop versus the yen to 113.01 yen.

  • The dollar fell to a low against a currency basket on Monday, weighed by concerns about the early days of Donald Trump's administration.

  • *Sterling rises ahead of Supreme Court decision. NEW YORK, Jan 23- The dollar fell to a seven-week low against a currency basket on Monday, weighed by concerns about the early days of U.S. "The new Trump administration did little to reassure nervous investors that the direction of the government will be more towards growing the economy and less toward the divisive...

  • SAO PAULO, Jan 23- Latin American currencies strengthened on Monday as traders sought further clarity on U.S. The peso had strengthened on Friday after Trump refrained from specifically mentioning Mexico in his inauguration speech after promising to renegotiate U.S. trade deals with the neighboring country throughout his campaign. Trump said on Sunday he...

  • President Donald Trump could sign an executive order as early as Monday intended to renegotiate the North American Free Trade Agreement between the United States, Canada and Mexico, NBC News reported. Canada sends more than 75 percent of its exports to the United States. Prices of oil, one of Canada's major exports, fell as signs of a strong recovery in U.S....

  • LONDON, Jan 23- Emerging stocks gained and Mexico's peso led a currencies rally on Monday as markets took a breather following Donald Trump's inauguration as U.S. president, but Turkey's lira remained under pressure ahead of a crucial central bank meeting. MSCI's emerging markets index snapped a two-day losing streak to rise 0.6 percent, lifted by bourses in...

  • *Sterling rises 0.8 percent ahead of Supreme Court decision. LONDON, Jan 23- The dollar fell to a 1-1/ 2 month low against an index of the world's other top currencies on Monday, after U.S. The index, which measures the greenback against six major rivals, fell half a percent to 100.28, while it dropped more than 1 percent to 113.440 yen and 0.35 percent to $1.0755 per euro.

  • 100 dollar bills

    The dollar dropped in Asia trade on Monday after newly sworn-in President Donald Trump announced plans to implement a protectionist agenda.

  • TOKYO, Jan 23- The dollar skidded in Asian trade on Monday, with the euro hitting its highest levels in more than a month as investors locked in gains on the greenback's recent rise as they waited for U.S. The euro firmed 0.4 percent on the day to $1.07400 after earlier rising to $1.07460, its highest since Dec. 8. It's across-the-board dollar selling, not just the risk...

  • TOKYO, Jan 23- The dollar slipped more than 1 percent against the yen on Monday, as investors locked in gains on the greenback's recent rise as they waited for newly inaugurated U.S. President Donald Trump to offer details of his promised stimulus. The dollar fell as low as 113.435 yen, and was last down 1 percent at 113.505.