Forex News

By Tommy Wilkes

The pound was pressured lower on Monday as talks aimed at reaching a Brexit deal ended in a stalemate, while the safe haven yen strengthened as equity markets started the week lower amid ongoing concerns over rising U.S. yields and trade tensions.

By Tommy Wilkes

The yuan inched up on Monday as governor of the People’s Bank of China Yi Gang said on the weekend that China is in a “very good situation” and that the yuan’s volatility is normal.

By Vatsal Srivastava

(Bloomberg) -- The pound fell in early Sydney trading after a weekend of intense talks failed to produce a Brexit deal that some market participants thought could be announced as early as this week.

(Bloomberg) -- China is unlikely to let the yuan weaken past the key psychological level of 7 per dollar any time soon, according to market observers.

By Vatsal Srivastava

After a week which saw a rout in global equity markets triggered by fears over rising bond yields, concerns about global growth and an escalating trade war there’s a lot on this week’s calendar to keep investors on edge.

ISTANBUL (Reuters) - Turkey's skittish lira moved in and out of negative territory on Friday as investors weighed prospects for the release of a U.S. pastor whose trial has strained relations with Washington.

NEW YORK (Reuters) - Speculators' net long bets on the U.S. dollar climbed to their highest since mid-December 2016 in the latest week, according to calculations by Reuters and the Commodity Futures Trading Commission released on Friday.

The dollar found its footing against its rivals Friday on firmer U.S. import data and weakness in the euro and sterling.

(Bloomberg) -- The yuan is “broadly in line” with China’s economic fundamentals, a senior IMF official said, days before the U.S. Treasury Department is scheduled to release a closely watched report on currency manipulation.

By Costas Pitas and Guy Faulconbridge

By Tom Finn

By Vatsal Srivastava

The U.S. dollar remained unchanged, while the Aussie dollar slipped on Friday after data showed China’s trade surplus with the U.S. hit a record high in September.

The dollar slumped against its rivals on Thursday after data showed U.S. inflation undershot economists' expectations.

NEW YORK (Reuters) - The Chinese yuan held its earlier gains in offshore markets on Thursday as U.S. President Donald Trump told Fox News there was much more he could do that would hurt China's economy further, suggesting no signs of backing off a growing trade war with Beijing.

(Bloomberg) -- Investors dumping stocks across the globe aren’t putting their money into haven currencies.

LONDON (Reuters) - Former British Prime Minister Tony Blair said there was a 50-50 chance of getting another Brexit referendum as Prime Minister Theresa May will be unlikely to secure a majority for any divorce deal in parliament.

The dollar slid lower against a currency basket on Thursday as a global sell-off in equities and bonds gathered momentum, spurred by worries over the impact of rising interest rates.

The dollar slid lower against a currency basket on Thursday as a global sell-off in equities and bonds gathered momentum, spurred by worries over the impact of rising interest rates.

By Vatsal Srivastava

Gold prices extended gains on Thursday on safe-haven demand after global markets tumbled. A weaker dollar was also cited as supportive.