The dollar index ended stayed on track for a record eighth month of gains on improving data and comments from Fed officials.» Read More
A bipartisan bill introduced this month and proposals from other lawmakers seek to stop trading partners such as China and Japan from manipulating exchange rates to make their goods cheaper for overseas buyers. It encompasses 12 Pacific Rim trading partners including Japan, whose stimulus program has helped lop off a third of the yen's value since late...
The dollar edged down after Fed Chair Janet Yellen held back from giving a clear view on when the Fed may begin raising interest rates.
LONDON, Feb 25- Sterling steadied after hitting an eight-week high against the dollar on Wednesday, buoyed by optimism over the UK's economic performance compared with its peers in Europe, which has helped drive British shares to record levels. The gains also seem broadly the product of a steadying of expectations for the Bank of England to deliver an interest...
LONDON, Feb 25- Sterling touched an eight-week high against the dollar on Wednesday, buoyed by optimism over the UK's economic performance compared to its peers in Europe, which has helped drive British shares to record levels. In the past month it has also bounced 3 percent higher against China's yuan and dealers say sterling is benefiting broadly from the...
The dollar edged down against the yen Janet Yellen suggested the Fed won't be rushed into kicking off the U.S. interest rate tightening cycle.
The Swiss franc shed over 1 percent against the dollar, dropping towards five-week lows as some of the Greece-related safety flows waned.
The Shanghai-Hong Kong stock connect's lukewarm reception may heat up, with the Hong Kong market saying it plans to allow short-selling from March 2.
The euro jumped against the dollar in midday trading on reports that a deal had been reached between Greece and the European Central Bank.
WASHINGTON, Feb 19- The Obama administration believes China basically stopped intervening in currency markets after a July agreement with Washington to minimize this activity, a top Treasury official said on Thursday. Tensions over currency policy have been a perennial bugbear between Beijing and Washington and the United States has pressed China for...
The dollar recovered on talk the Swiss National Bank was buying the greenback.
As fears of a global currency war grow, all eyes in Asia are on whether China will devalue its currency to avert a sharper economic slowdown.
SINGAPORE, Feb 19- As fears of a global currency war grow, all eyes in Asia are on whether China will devalue its currency to avert a sharper economic slowdown. The urgency with which Asian central banks are cutting interest rates is an indication of not just the deflationary forces they are seeing but also recognition that if China weakens the yuan, their policy...
The euro recovered from initial losses, helped by a bounce in German investor sentiment.
The euro inched higher ahead of a meeting of euro zone finance ministers that investors expect will find enough common ground to support Greece.
In order to fuel a pick-up in exports, Beijing will try to keep the yuan "reasonably stable, which could entail some weakening against the dollar", says Simon Cox, MD & investment strategist, Asia Pacific at BNY Mellon Investment Management.
The euro edged higher on Friday, putting it on course for a third straight week of gains, its best performance in just under a year.
The dollar dropped across the board on Thursday after weaker-than-expected U.S. economic data.
The yen surged against the U.S. dollar following a report that the country's central bank is cooling on the idea of adding more stimulus.
BEIJING, Feb 12- China has made it easier for foreign banks without full yuan business licenses to buy or sell foreign currencies against the yuan, its foreign exchange regulator said on Thursday. Under the rules issued by the State Administration of Foreign Exchange, foreign banks that have not yet started a yuan business in China will be allowed to open special...
The dollar hit a fresh one-month high versus the yen on Wednesday, while uncertainty over a new debt deal for Greece kept the euro under a cloud.