Forex News

2/2Reuters. A U.S. hundred dollar bill and Japanese 10,000 yen notes are seen in this photo illustration in Tokyo, February 28, 2013. /Shohei Miyano/File Photo2/2By Tetsushi Kajimoto TOKYO A weak yen, once seen as favourable for Japan's exports-focused economy, has now become a pain point as it eats into household finances and confounds policymakers. A gradual shift

By Yasin – The dollar hit its highest level this year earlier this week, riding on the coattails of hawkish Federal Reserve commentary, and a plunge in the euro, but the greenback’s rally may peter out next year as growth outside the U.S. resumes.As the Fed looks set to tighten monetary policy and U.S. economic growth is expected to moderate, growth in developed economies including in

. A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. /Kacper Pempel/File PhotoBy Karen Brettell NEW YORK News of a coronavirus variant potentially resistant to current vaccines sent investors dashing for the safety of the Japanese yen and the Swiss franc on Friday, while traders also took pr

. An India Rupee note is seen in this illustration photo June 1, 2017. /Thomas White/Illustration/File PhotoBy Swati Bhat MUMBAI The Indian rupee saw its worst week in seven on Friday, while the benchmark 10-year yield closed at its lowest in more than two weeks as concerns over a COVID variant spooked markets across the globe. Shares and currencies in Asia's

. A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. /Kacper Pempel/File PhotoBy Saikat Chatterjee LONDON The Japanese yen and the Swiss franc surged on Friday, while the Australian dollar and the Norwegian crown slumped, as investors fled for shelter following the discovery of a new coronav

. An India Rupee note is seen in this illustration photo June 1, 2017. /Thomas White/Illustration/File PhotoBy Swati Bhat MUMBAI The Indian rupee dropped to its lowest level in three weeks and bond yields fell on Friday as concerns over a new COVID variant spooked markets across the globe. Shares and currencies in Asia's emerging markets fell sharply as invest

. By Peter The dollar edged lower Friday, weighed by gains to the safe haven yen and Swiss franc, as traders dumped riskier currencies in the wake of the discovery of a new highly-mutated coronavirus variant.At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 96.635, moving further away from Wednesday's hig

. A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. /Kacper Pempel/File PhotoBy Kevin Buckland OTTAWA The safe-haven yen rallied while the South African rand and risk-sensitive Australian dollar slumped on Friday, as investors ducked for cover following the discovery of a new coronavirus va

. By Gina – The dollar was down on Friday morning in Asia. But losses were minimized as growing concerns about a newly discovered COVID-19 variant dampened investors’ risk appetite.The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.07% to 96.685 by 9:57 PM ET (2:57 AM GMT). The index moved further away from 96.938, its highest level in ne

. By Kevin Buckland TOKYO The safe-haven yen rallied and the South African rand tumbled on Friday as investors turned cautious after Britain raised the alarm over a newly identified coronavirus variant spreading in the African nation. The yen leapt as much as 0.56% to 114.68 per dollar, while the rand slumped to a more than one-year trough at 16.17 per dollar as concern flared a

. Turkish lira banknotes are seen in this illustration taken in Istanbul, Turkey November 23, 2021. /Murad Sezer/IllustrationISTANBUL -Turkey's central bank governor said he discussed recent interest rate cuts with bankers at a meeting on Thursday after a slide in the lira to record lows, and he also said that the banking sector was able to overcome market volat

. An employee of the Korea Exchange Bank counts one hundred U.S. dollar notes during a photo opportunity at the bank's headquarters in Seoul April 28, 2010. /Jo Yong-HakBy Elizabeth Howcroft LONDON The dollar slipped slightly on Thursday but was still close to its highest since July 2020 against the euro, having strengthened due to market expectations that the

. Turkish lira banknotes are seen in this illustration taken in Istanbul, Turkey November 23, 2021. /Murad Sezer/IllustrationISTANBUL -Turkey's lira was flat on Thursday after a historic slide to record lows this week that was triggered by President Tayyip Erdogan's defence of interest rate cuts, despite widespread criticism of his policy direction. Central ban

. A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey September 27, 2021. /Cagla GurdoganBy Saikat Chatterjee and Karin Strohecker LONDON The Turkish lira suffered a historic 15% fall on Tuesday in a session marked by thin trading volumes and dwindling liquidity, and gauges are pointing to more rocky times ahead. Below

By Peter The dollar edged lower Thursday, consolidating after hitting 16-month highs after the minutes from the last Federal Reserve meeting pointed to the potential of a faster tapering pace.At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 96.733, just below Wednesday's high of 96.938, the strongest le

. By Gina – The dollar was down on Thursday morning in Asia, but trading near a five-year high against the yen. The U.S. Federal Reserve’s hawkish tone in the minutes from its latest meeting contrasted with the dovish approach taken by its Japanese counterpart.The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.14% to 96.737 by 11:13 PM ET

. Turkish lira banknotes are seen in this illustration taken in Istanbul, Turkey November 23, 2021. /Murad Sezer/IllustrationISTANBUL Turkey's lira continued its recovery on Thursday after a historic slide to record lows this week triggered by President Tayyip Erdogan's defence of interest rate cuts. The lira traded at 11.85 at 0400 GMT, firming some 1.9% from

. An employee of the Korea Exchange Bank counts one hundred U.S. dollar notes during a photo opportunity at the bank's headquarters in Seoul April 28, 2010. /Jo Yong-HakBy Kevin Buckland TOKYO The U.S. dollar traded at its highest in over a year to the euro and near a five-year high against the yen as a hawkish tilt by Federal Reserve policymakers, buoyed by s

. A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. /Kacper PempelBy Karen Brettell NEW YORK The dollar gained broadly on Wednesday, reaching 16-month highs against the euro and an almost five-year top against the Japanese yen as investors bet that the U.S. Federal Reserve will tighten mone

. A U.S. one dollar banknote is seen next to Turkish lira banknotes in this illustration taken in Istanbul, Turkey November 23, 2021. /Murad Sezer/IllustrationBy Daren Butler and Nevzat Devranoglu ISTANBUL -Turkey's lira recovered as much as 7% on Wednesday from a historic slide to record lows a day earlier triggered by President Tayyip Erdogan's defence of rate cuts, but v

. A customer exchanges U.S. dollars at a currency exchange bureau inside the Grand Bazaar in Istanbul, Turkey, on Friday, Oct. 15, 2021. Turkish President Recep Tayyip Erdogan fired monetary policy makers wary of cutting interest rates further, driving the lira to record lows against the dollar with his midnight decree. Photographer: Moe Zoyari/ -- The Turkish lira reb

. A U.S. one dollar banknote is seen in this illustration taken November 23, 2021. /Murad Sezer/IllustrationBy Mike Dolan LONDON -As the good and great of the investment world try to figure out 2022, they may have taken their eyes off the rest of this year. All of a sudden, the coming yearend -- often an illiquid and erratic period for global markets once the U.S. Thanksgiv

. A U.S. one dollar banknote is seen next to Turkish lira banknotes in this illustration taken in Istanbul, Turkey November 23, 2021. /Murad Sezer/IllustrationBy Daren Butler and Nevzat Devranoglu ISTANBUL Turkey's lira clawed back some losses on Wednesday after a 15% crash to record lows a day earlier driven by President Tayyip Erdogan's defence of rate cuts, but volatil

. A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. /Kacper PempelBy Joice Alves London The euro fell on Wednesday after a survey showed German business morale deteriorated in November, while the Turkish lira remained under pressure as President Tayyip Erdogan defended rate cuts despite sur

. A U.S. one dollar banknote is seen next to Turkish lira banknotes in this illustration taken in Istanbul, Turkey November 23, 2021. /Murad Sezer/IllustrationISTANBUL Turkey's lira tumbled anew on Wednesday towards a record low, gripped by worries over soaring inflation and other economic fallout, after a 15% crash a day earlier that was driven by President Tayyip Erdoga