Category: Dollar
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Asia FX weakens with yuan volatile, dollar steady ahead of PCE data By Investing.com
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Most Asian currencies moved in a flat-to-low range on Friday with the Chinese yuan volatile amid suspected intervention by the People’s Bank of China, while the dollar held steady ahead of key inflation data. Weak risk appetite has seen traders shun most regional currencies this week, while the Japanese yen…
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Investors turn long on Singapore dollar after 7 months; bearish bets on Asian FX ease
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Written by Roshni Nair (Reuters) – Investors have become bullish on the Singapore dollar for the first time since mid-December as growth and inflation dynamics in the city-state continue to support the local currency, while bearish bets on most Asian currencies have eased, a Reuters poll showed on Thursday. Long…
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Dollar slips ahead of GDP data; euro rises and yen surges By Investing.com
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Investing.com – The U.S. dollar fell on Thursday, the euro posted small gains and the Japanese yen rose to multi-month highs ahead of a Bank of Japan meeting next week. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was…
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Dollar rally in previous years still leave much room for correction – SocGen
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The firm claims that the dollar’s appreciation over the 2021-22 period means there is still room for a deeper correction in the US currency’s downward momentum ahead. The firm does not expect the dollar to test the lows it hit at the end of 2020, but says the currency is…
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Asia FX muted as dollar dips ahead of econ. data; yen surges By Investing.com
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Most Asian currencies moved in a flat-to-low range on Thursday as a pullback in equity markets kept traders largely avoiding risk-based assets, while the dollar retreated ahead of key economic indicators in the coming days. The Japanese yen remained an exception, rising to its strongest level against the dollar in…
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Dollar edges higher, euro slips after weak PMI data By Investing.com
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Investing.com – The U.S. dollar edged higher on Wednesday, while the euro fell after disappointing euro zone activity data pointed to more interest rate cuts by the European Central Bank in the future. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six…
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Wells Fargo sees slower US dollar decline through 2025 By Investing.com
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Wells Fargo has updated its currency market forecasts, expecting a gradual decline in the value of the US dollar over the medium term compared to previous expectations. The bank’s forecasts indicate a moderate decline in the value of the dollar through most of 2025. This forecast is based on an…
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Yen rises as traders look to BOJ, while dollar holds steady By Reuters
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By Harry Robertson and Ray Wee LONDON/SINGAPORE (Reuters) – The yen rose on Tuesday as investors reacted to comments from a senior Japanese politician that added to pressure on the Bank of Japan to keep raising interest rates to shore up the currency. Meanwhile, the dollar rose slightly as traders…
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Forexlive European FX news wrap 23 July – The US Dollar remains in the driver’s seat
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Dollar steady, while yen strengthens ahead of BOJ meeting By Investing.com
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Investing.com – The U.S. dollar was steady in Europe on Tuesday, while the yen rose in the wake of suspected government intervention last week. At 05:40 ET (09:40 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 104.067, rebounding from…
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Chart Art: U.S. Dollar Index’s (DXY) Potential Bullish Reversal
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The US dollar may be ready for a sharp rally after seeing a bearish trend earlier this month. Do you think the US dollar is ready to rise? Take a look at the reversal pattern on the 4-hour chart! US Dollar Index (DXY) 4-hour Chart by TV Days after retesting…
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Asia FX firms as dollar stalls amid rate cut bets, political uncertainty By Investing.com
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Most Asian currencies rose on Tuesday, while the dollar fell as the greenback’s recovery slowed due to continued expectations of interest rate cuts and uncertainty over the 2024 presidential election. However, sentiment towards Asia remained restrained by concerns about China, amid signs of a slowing economic recovery and uncertainty about…
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Dollar slips after Biden pulls out, euro rebounds after losses By Investing.com
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Investing.com – The U.S. dollar fell on Monday after U.S. President Joe Biden’s decision to end his re-election campaign, with the euro benefiting despite its weak tone after last week’s European Central Bank meeting. At 06:00 ET (10:00 GMT), the dollar index, which tracks the greenback against a basket of…
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Dollar eases as Biden ends re-election bid, drops vs yen By Reuters
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By Kevin Buckland and Stefano Ribaudo (Reuters) – The dollar was slightly lower against a basket of currencies on Monday while falling sharply against the yen as investors focused on U.S. President Joe Biden’s decision to end his re-election campaign and the next moves from the Federal Reserve and the…
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Asia FX weak, dollar edges lower after Biden drops presidential bid By Investing.com
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Investing.com – Most Asian currencies were steady on Monday after an unexpected interest rate cut in China provided some cheer, while the dollar fell after President Joe Biden said he would not seek re-election. Biden has endorsed Vice President Kamala Harris, who is now likely to face Republican front-runner Donald…
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Dollar Edges Lower Following Biden’s Election Exit: Markets Wrap
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Breadcrumbs Path Links PMN Business The dollar fell in early Asian trade after Joe Biden ended his re-election campaign and endorsed Vice President Kamala Harris. The region’s stocks look set for a mixed start. Article author: Bloomberg News Matthew Burgess and Maria Elena Vizcaino Published on July 21, 2024 •…
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Early Monday FX rates – 22 July 2024 – US dollar little changed after Biden pulls out
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I’ve posted the very early interest rates here: Opening levels Monday morning, indicative exchange rates July 22, 2024, little changed from late Friday Now updating with Sunday’s big political news from the US, Biden has withdrawn from the presidential election: It’s finally Gopher. It’s still very early here in Asia,…
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Dollar climbs for the week, cyber outage unsettles investors By Reuters
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By Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose on Friday and was on track to end a two-week losing streak as investors fretted over a global computer outage that has hit banks, airlines and broadcasters, although volatility in currency markets was largely contained. A software update by global…