The dollar edged higher against a currency basket on Wednesday in subdued trade amid a lull in an escalating trade dispute between the U.S. and China. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.13% to 94.78 by 02:47 AM ET (06:47 AM GMT), holding […]
The euro pushed higher on Thursday as investors awaited the conclusion of the European Central Bank’s policy meeting, while the dollar slipped, giving up gains made after a more hawkish sounding Federal Reserve raised interest rates. EUR/USD was up 0.20% to 1.1814 by 03:46 AM ET (07:46 AM GMT), as investors awaited details on the […]
The dollar and the euro were little changed in rangebound trade on Wednesday as traders awaited a Federal Reserve policy announcement later in the day and looked ahead to Thursday’s European Central Bank meeting. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was trading at 93.88 by […]
The euro climbed on Monday, eyeing a move towards last week’s three week highs ahead of the upcoming European Central Bank meeting this week, while the dollar erased early losses against the yen as investors shrugged off geopolitical woes. EUR/USD was up 0.34% to 1.1810 by 03:56 AM ET, having gained 0.92% last week. Demand […]
Crude prices inched higher in early action on Wednesday, as investors looked ahead to fresh weekly data on U.S. commercial crude inventories to gauge the strength of demand in the world’s largest oil consumer and how fast output levels will continue to rise. The U.S. Energy Information Administration will release its official weekly oil supplies […]
The euro rose to two week highs on Wednesday after upbeat comments by a senior European Central Bank official, while the Canadian dollar pushed higher but remained under pressure amid concerns over heightened trade tensions. EUR/USD was up 0.42% to 1.1760 by 03:49 AM ET (07:49 AM GMT), the highest level since May 23. The […]
The euro and the dollar steadied on Tuesday as investors awaited a fresh catalyst after the previous day’s gains as signs of strength in the U.S. economy shifted focus away from trade concerns. EUR/USD was steady at 1.1697 by 03:35 AM ET (07:35 AM GMT), after rising as high as 1.1743 on Monday, the most […]
ISTANBUL (Reuters) – The Turkish lira weakened sharply against the dollar on Wednesday, bringing its losses to some 20 percent this year, as investors pushed it to fresh record lows on growing concern about President Tayyip Erdogan’s influence on monetary policy. At 0724 GMT, the lira stood at 4.7642 against the U.S. currency, paring its […]
Gold prices fell to one week lows on Tuesday as rising U.S. Treasury yields dampened investor demand for the precious metal. Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were down $7.60 or 0.58% to $1,310.60 a troy ounce by 03:59 AM ET (07:59 AM GMT), the lowest […]
The U.S. dollar edged higher on Tuesday, pulling away from more than one week lows as indications that global trade tensions are easing helped push U.S. Treasury yields back above the key 3% level. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, edged up 0.04% to 92.60 […]
