The yen soared against the dollar after a round of modest monetary policy easing from the Bank of Japan disappointed investors. » Read More
August’s wave of currency interventions could just be the start of a “race to the bottom,” with several major emerging markets looking set to devalue in the near-future.
The dollar fell against a basket of major currencies, with investors trimming bets in its favor.
The dollar fell on Wednesday as investors positioned for a U.S. interest rate hike in September pulled back.
Adrian Dunn, CIO at Brooker Dunn Asset Advisory, says the deadly bomb attack is one of the many economic and political problems that Thailand is currently facing.
Roy Teo, senior FX strategist at ABN AMRO Bank, says Thailand's tourism industry will likely be impacted in the near term, thereby raising the risk for more fiscal and monetary stimulus.
Kasem Prunratanamala, head of Thailand Research from CIMB, says the bomb explosion which occurred in one of Bangkok's most renowned shrines on Monday is the "worst attack" on the country in 40 years.
Following the deadly explosion, markets will be monitoring the impact on Thailand's tourism sector, says Callum Henderson, global head of FX research at Standard Chartered.
The dollar rose against a basket of currencies for a third trading day running, as worries about a China-led "currency war" abated.
Emerging markets currencies took it on the chin Monday and one analyst has told CNBC that the selling will only intensify.
The dollar rose against a basket of currencies on Friday as U.S. producer prices in July hinted some pickup in inflation.
The U.S. dollar recovered on Thursday after China's central bank said there was no basis for further yuan depreciation and on U.S. data.
The U.S. dollar fell on Wednesday to its lowest in about a month against a basket of major currencies.
The yuan suffered its biggest fall in over two decades on Tuesday.
The dollar slipped from a nearly four-month high after comments stoked uncertainty over whether the Fed would hike rates in September.
The slump in EM currencies could persist well past the Fed's first rate rise, due to Chinese economic weakness and commodity prices that have yet to bottom out, analysts have warned.
The dollar dropped from a near four-month high against a currency basket on Friday, as investors pared back bullish bets following jobs data.
The dollar edged lower against major currencies in choppy trading on Thursday, as investors balanced their positions ahead of Friday's data.
The dollar traded little changed on Wednesday as data showed the U.S. services sector expanded at its fastest pace in 10 years.
The dollar rose on Tuesday as a top Fed official voiced support for an interest rate increase in September despite a batch of disappointing data.
The dollar gained as investors looked ahead to jobs data on Friday that is expected to show a still strengthening labor market.