The U.S. dollar moved lower against other major currencies on Friday, but losses were expected to remain limited after an important U.S. tax reform bill was passed by the House of Representatives. The U.S. House of Representatives on Thursday approved a broad package of tax cuts, which will now be debated by the Senate. Investors […]
The dollar was fluctuating between small gains and losses against a basket of the other major currencies on Thursday as investors awaited an expected vote on the U.S. tax bill later in the day. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was at 93.76 by 03:40 […]
LONDON (Reuters) – A controversial trading tactic used on the $5 trillion (£3.78 trillion) a day foreign exchange markets has been banned by a global committee of central bankers and industry officials. The Global Foreign Exchange Committee said on Wednesday it had concluded that traders should not undertake trading activity that uses information from a […]
The euro pushed higher on Tuesday after data showing that German economic growth beat expectations in the last quarter, while the pound edged lower amid Brexit jitters and the dollar held steady against a currency basket. EUR/USD was up 0.16% at 1.1688 by 03:32 AM ET (08:32 AM GMT) after data showing that Germany’s economy grew […]
