The dollar climbed to its highest level in over 13 months against a basket of currencies on Wednesday as investors stepped up their safe-haven holdings of the greenback due to worries about slowing Chinese growth and Europe's exposure to Turkey.
The euro fell on Tuesday, hitting 13- month lows against the dollar and Swiss franc, as traders fret over the exposure of European banks to Turkey, whose currency rebounded from an all-time low.
The Euro rebounds above $1.14 after hitting 13- month low. NEW YORK, Aug 13- The fallout from the Turkish lira's plunge sent the euro to a new 13- month low and hammered emerging market
The euro sank to its lowest levels in more than a year on Friday after a report that the European Central Bank was growing concerned about the exposure of banks to a dramatic slide in the Turkish lira.
The dollar rose against most major currencies on Thursday in thin summer trading, as investors bet global trade tensions and a robust U.S. economy would continue to support the currency.
Sterling dropped to its lowest levels in almost a year on Wednesday on concerns about Britain's exit from the European Union, while the dollar dipped against a basket of currencies.
The U.S. dollar weakened against the euro on Tuesday as the Chinese yuan showed more stability, after the currency pair neared but failed to break through technical levels supporting the single currency.
Rohan Williams of Dacian Gold says the Australian dollar gold price is likely to be "robust for at least another two years."
The dollar rose on Monday, building on two consecutive weeks of gains, as investors bet that trade war rhetoric and a strong U.S. economy would continue to boost the greenback.
China unveils retaliatory tariffs on $60 billion of U.S. goods. China's offshore yuan has weakened in recent months, as investors sold the currency and rushed into dollars on worries that a trade conflict between Washington and Beijing would damage the Chinese economy.
The dollar rose against a basket of currencies on Thursday, as a flare-up in trade tensions between the United States and China drove traders to buy the U.S. currency.
The U.S. dollar inched higher on Wednesday after the Federal Reserve kept interest rates unchanged, as was largely expected.
LONDON, Aug 1- The dollar strengthened on Wednesday, sending the Chinese yuan towards recent lows and pressuring the Australian dollar on fears of an imminent escalation in the trade dispute between the United States and China. With a possible escalation in the months-long dispute and fears about what it would mean for the Chinese and then the global economy,...
*US may raise China tariffs to 25 pct from 10 pct- sources. SYDNEY, Aug 1- The U.S. dollar edged up against the yuan and growth-leveraged currencies on Wednesday after a source familiar with the Trump administration's plans said the White House was about to propose higher tariffs on $200 billion in Chinese imports. The Australian dollar, often used as a proxy for...
*US may raise China tariffs to 25 pct from 10 pct- sources. TOKYO/ SYDNEY, Aug 1- The U.S. dollar edged up on the yuan and growth-leveraged currencies on Wednesday after a source said the White House was about to propose higher tariffs on $200 billion in Chinese imports, perhaps sparking a new round of trade hostilities. The Australian dollar, often used as a proxy for...
*U.S. plans to raise China tariffs to 25 pct from 10 pct- BBG. TOKYO, Aug 1- The Chinese yuan dropped in offshore trade and the Australian dollar slipped on Wednesday on a report the U.S. administration will propose raising its planned tariffs on $200 billion Chinese imports to 25 percent. The yuan dropped 0.35 percent in early trade to 6.8271 per dollar after...
The dollar jumped against the yen on Tuesday, after the Bank of Japan said it intends to keep rates low for an "extended period of time," and the greenback was firm against a basket of peers ahead of the U.S.
The dollar edged lower against the Japanese yen on Monday, as investors awaited a policy decision at the conclusion of the Bank of Japan's two-day meeting on Tuesday that could mark a change to its monetary easing policy
The dollar slipped against a basket of currencies on Friday as data showing the U.S. economy rang up its strongest quarter in nearly four years failed to erase worries that trade frictions would be a drag in the second half of 2018.
The euro held below a three-day high on Thursday as investors moved to the sidelines after a European Central Bank meeting.