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 […]
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 […]
The dollar edged lower against a basket of the other major currencies on Monday after its recent rally to multi-month highs stalled amid diminished expectations for an aggressive pace of monetary tightening by the Federal Reserve this year. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was […]
The dollar eased, but remained supported close to four-month highs against a currency basket on Wednesday ahead of a Federal Reserve meeting that is expected to point to another two or possibly even three rate hikes this year. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was […]
The U.S. dollar rose to seven-week highs against a currency basket on Wednesday, driven by rising Treasury yields with the U.S. 10-year bond yield reaching its highest level since early 2014. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rose 0.31% to 90.84 by 03:56 AM ET […]
The dollar rose against the yen on Tuesday as fears over a simmering trade spat between the U.S. and China eased after Chinese President Xi Jinping promised to lower import tariffs. Speaking at the Boao Forum for Asia, Xi said that China would lower import tariffs on vehicles, encourage imports and strengthen the protection of […]
The dollar slipped lower against a basket of the other major currencies on Tuesday as rising global trade tensions continued to weigh on market sentiment. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.18% to 89.53 by 03:20 AM ET (07:20 AM GMT). Investors […]
The dollar slipped lower against a currency basket on Monday as traders remained cautious amid escalating trade tensions after China increased tariffs on U.S. imports, adding to fears over the prospect of a trade war. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.16% […]
