Forex News

2/2Reuters. Illustration photo of U.S. Dollar and Japan Yen notes 2/2 By Gertrude Chavez-Dreyfuss NEW YORK Volatility across asset markets is fueling a bounce in the battered dollar, showcasing the currency's safe-haven status amid worries over growth abroad and U.S. political strife. The buck is up nearly 2% in September as of Tuesda

. By Peter The dollar edged higher in early European trade Wednesday, with traders having to absorb the competing influences of healthy economic data from China as well as the contentious presidential debate between U.S. President Donald Trump and Democrat Joe Biden.At 3:10 AM ET (0710 GMT), the Dollar Index, which tracks the greenback against a basket of six oth

. Illustration photo of a Japan Yen note By Saikat Chatterjee, Dhara Ranasinghe and Hideyuki Sano LONDON/TOKYO The coronavirus epidemicand the collapse in global interest rates it has sparkedmay have blown a hole in conventional market wisdom that Japan's yen strengthens during crises, triggering a warning bell for investors. The yen has long been a

. By Gina – The dollar was up on Wednesday morning in Asia, with investors digesting economic data from China as well as the presidential debate between U.S. President Donald Trump and Democrat Joe Biden.The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.05% to 93.977 by 12:53 AM ET (4:53 AM GMT). However, gains were

. By Yasin – The pound hung onto gains against the dollar on continued hopes over a Brexit deal despite some experts suggesting the optimism could be misplaced amid fresh U.K.-EU trade talks that got underway Tuesday.GBP/USD rose 0.25% to $1.2877, after rising above $1.29 intraday.The strong start to the week for sterling may hint at progress over a post-Brexit d

. Russia Readies $2 Billion of Currency Sales as Ruble Tumbles --The Bank of Russia said it would sell an additional $2 billion in foreign exchange over the next three months, not enough to reverse the ruble’s slide but a move that could be seen as a signal of support for the embattled currency.“The announcement should help the market start stabilizin

. By Peter The dollar was steady in early European trade Tuesday, with traders keeping their powder dry ahead of the first U.S. presidential debate amid developments on the U.S. stimulus bill.At 2:55 AM ET (0655 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 94.233, after retreating from a two-month h

. A pedestrian speaks on a mobile device while walking along a street in the town of Christiansted in Saint Croix, Virgin Islands. -- The U.S. Virgin Islands suspended a nearly $1 billion debt sale after a group of retirees filed a lawsuit challenging legislation that authorized it, extending the territory’s exile from America’s bond market.The cance

. By Gina – The dollar was down on Tuesday morning in Asia, as the U.S. presidential debate and developments on the latest U.S. stimulus measures continue to remain in the spotlight.The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.03% to 94.278 by 10:23 PM ET (2:23 AM GMT), slipping from the two-month high seen du

. U.S. dollars are counted out by a banker at a bank in Westminster By Eimi Yamamitsu TOKYO The dollar was steady against a basket of currencies on Tuesday as traders looked out to the first U.S. presidential debate and developments on the U.S. stimulus bill. The dollar index stood unchanged at 94.150 (=USD), drifting away from a two-month hig

. By Yasin – The pound rallied to a one-week high on Monday as the Bank of England pushed back against the prospect of negative rates, while hopes the UK and EU can reach a deal post-Brexit deal also improved sentiment.GBP/USD rose 0.90% to $1.2849.Bank of England deputy governor for markets and banking governor policymaker Dave Ramsden said that while the BoE wa

. Hedge Funds Running Biggest Dollar Short Since 2017 Risk Squeeze -- Hedge funds that have racked up the largest bets against the dollar in almost three years may be running headlong into a short squeeze.With markets on edge over resurgent coronavirus cases and a contentious U.S. presidential election, predictions of the currency’s demise as the world

. BRUSSELS The European Union will not leave the negotiating table with Britain on a future trade relationship even if London pushes ahead with its withdrawal treaty-breaking internal market bill European Commission Vice President Maros Sefcovic said. Speaking at a news conference after a meeting of a joint committee of EU and British officials tasked w

. Pound Advances on Conciliatory Tone in Brexit Trade Negotiations -- The pound rallied on cautious optimism that this week’s final round of scheduled Brexit trade negotiations could pave the way for a breakthrough.Sterling outperformed major currencies to rise as much as 0.8% to $1.2842, the biggest surge in nearly two weeks, as investors digested a mo

. After Deploying Almost $9 Trillion, Crisis Fighters Face New Dilemmas ( Markets) -- When Tottenham Hotspur striker Son Heung-Min put the ball in the back of the net early in the second half against Crystal Palace in April of last year, he etched his name into history as the first player to score at his soccer club’s glistening new 62,000-seat north Lond

. By Peter The dollar edged lower in early European trade Monday, with riskier assets to the fore after signs of economic recovery in China, but the greenback remains near a two-month peak as coronavirus cases continue to rise and political uncertainty in the U.S. reigns.At 2:55 AM ET (0655 GMT), the Dollar Index, which tracks the greenback against a basket of si

. ECB Officials Prepare for Clash of Clans on Next Stimulus Move -- Battle lines are being drawn at the heart of the European Central Bank over whether to add monetary support soon to head off any economic slowdown, or wait for stronger evidence that it’s needed.Executive Board member Fabio Panetta raised the prospect of a preemptive burst of stimulus l

. A pedestrian wears a protective face mask near the European Central Bank (ECB) headquarters in Frankfurt, Germany, on Wednesday, April 29, 2020. The ECB’s response to the coronavirus has calmed markets while setting it on a path that could test its commitment to the mission to keep prices stable. Photographer: Alex Kraus/ -- Significant mone

. U.S. dollar notes are seen in this picture illustration By Hideyuki Sano TOKYO The dollar hovered near a two-month peak against a basket of currencies on Monday, as doubts about recovery persisted ahead of a barrage of economic data and political developments in the United States. While a rebound in U.S. stocks on Friday has hel

. By Gina – The dollar was down on Monday morning in Asia, with a lack of big moves ahead of the U.S. presidential debate on Tuesday and the release of U.S. economic data later in the week.Although boosted by a rebound in U.S. stocks during Friday’s session and hovering near a two-month peak, signs of a stall in the U.S. economic recovery and the continuous pol

. U.S. dollar notes are seen in this picture illustration By Hideyuki Sano TOKYO The dollar hovered near a two-month peak against at a basket of currencies on Monday as investors look to a barrage of upcoming economic data and political developments in the United States before making any fresh bets on the U.S. currency. While a reb

. By Yasin The dollar rose to fresh two-month highs on Friday, and is set to close out the session with its biggest weekly increase since March, underpinned by safe-haven momentum amid weaker-than-expected economic data and ongoing worries about the economic fallout from a lack of further federal stimulus.The U.S. dollar index, which measures the greenback agains

. Turkish Lira Rallies After Banking Regulator Eases Trading Curbs -- The Turkish lira rallied for a second day after the banking regulator eased trading restrictions for foreign investors, a move that could help stem the capital flight that’s made the currency one of the worst performers in emerging markets this year.The lira jumped as much 1.4% to 7.

. Villeroy Says ECB Should Consider Tweaking Its Inflation Goal -- European Central Bank policy maker Francois Villeroy Galhau signaled that he’s open to letting inflation rise above the institution’s goal and changing the language it has used for nearly two decades to set its objective.The Bank of France governor said that the current target for pric

. Market About to Find Out If Turkey’s Rate Hike Means Tightening -- The market will need to wait another day to know if Turkey’s surprise interest-rate increase will achieve the intended effect.The key one-week repo rate the central bank raised to 10.25% on Thursday has for weeks been a benchmark in name only as policy makers used other funding chan