Category: Forex

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Dollar loses steam after weeks-long rally

Dollar loses steam after weeks-long rally

The U.S. dollar was headed for its worst week since early February versus major peers on Friday, as some of the heat faded from the currency's breakne [...]
Dollar Edges Lower; Risk Sentiment Remains Fragile

Dollar Edges Lower; Risk Sentiment Remains Fragile

The U.S. dollar edged lower in early European trade Thursday, handing back some of the previous session’s substantial gains although the safe haven re [...]
Crypto-loving S.Koreans bet on Luna rising from ashes, worrying regulator

Crypto-loving S.Koreans bet on Luna rising from ashes, worrying regulator

Reckoning they have little to lose with prices so ridiculously low, South Korean speculators in recent days have piled into Luna, a cryptocurrency tha [...]
Euro edges higher, focus on ECB tightening path

Euro edges higher, focus on ECB tightening path

The euro edged up on Thursday as investors price in the chance of an aggressive near-term tightening path by the European Central Bank, while the safe [...]
Dollar Edges Higher; U.K. Inflation Soars to 40-Year Highs

Dollar Edges Higher; U.K. Inflation Soars to 40-Year Highs

The U.S. dollar edged higher in early European trade Wednesday, rebounding after overnight losses, while sterling weakened after U.K. inflation soared [...]
Dollar perched at two-decade high on weak China data

Dollar perched at two-decade high on weak China data

The U.S. dollar consolidated gains near a two-decade peak on Monday as poor Chinese economic data hurt cyclical currencies including the British pound [...]
Investment banks rush to cut yuan forecasts again after April revisions

Investment banks rush to cut yuan forecasts again after April revisions

Major investment houses are cutting their forecasts for the yuan for the second time in just three weeks as the Chinese currency's recent sharp declin [...]
Yen set to snap nine weeks of losses, dollar holds firm

Yen set to snap nine weeks of losses, dollar holds firm

The yen is poised to snap a nine-week losing streak on Friday on weakening risk sentiment, while another Wall Street selloff drove flight-to-safety bi [...]
Dollar Edges Lower, But Remains Near 20-Year High

Dollar Edges Lower, But Remains Near 20-Year High

The U.S. dollar edged lower in early European trade Friday, but remained near a 20-year high with Federal Reserve Chair Jerome Powell largely cementin [...]
Dollar at two-decade high as CPI keeps aggressive U.S. rate hikes likely

Dollar at two-decade high as CPI keeps aggressive U.S. rate hikes likely

The dollar hit a two-decade high on Thursday after U.S. inflation moderated less than markets had expected, keeping the Federal Reserve on course to t [...]
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