Forex News

. Hong Kong five-hundred and one-hundred dollar banknotes are arranged for a photograph in Hong Kong, China, on Thursday, April 23, 2020. Hong Kong's defense of its currency peg to the greenback will likely boost the interbank liquidity pool to a level unseen in two years, lowering local borrowing costs and weakening its dollars. Photographer: Paul Yeung/ (

. Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration By Stanley White TOKYO The dollar held onto gains on Wednesday as a resurgence of the coronavirus in the United States and the return of lockdowns in some countries boosted safe-haven demand for the U.S. currency. Risk sentiment was also

. U.S. President Donald Trump's top advisers weighed proposals to undermine the Hong Kong currency's peg to the U.S. dollar, reported on Tuesday, citing people familiar with the matter, although the idea did not appear to gain traction. The proposal to strike against the Hong Kong dollar peg, possibly by limiting the ability of Hong Kong banks

. By Yasin – The pound marched higher against the dollar on Tuesday, as the U.K. and EU prepared to get post-Brexit talks underway, but an analyst warned that sterling's strength will fade as time is running out for both sides to strike a deal.GBP/USD rose 0.60%, to $1.2570.With the clock ticking down on the opportunity for the U.K. and EU to agree a trade deal b

. China’s FX Reserves Rose for Third Month as Outflows Stay Muted -- China’s foreign-currency holdings rose last month, signaling that capital outflow pressures remain muted.Reserves climbed to $3.112 trillion from $3.102 trillion in the previous month, the People’s Bank of China said on Tuesday.Key InsightsThe reading is lower than the median estim

. By Peter The dollar edged higher in early European trade Tuesday, reversing earlier losses as traders sided with the safe haven as the recovery in German industrial production was less impressive than expected in May.At 3:10 AM ET (0710 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 96.896.EUR/USD was

. By Gina – The dollar was up on Tuesday morning in Asia, reversing its earlier losses as investors turn to the safe-haven asset as COVID-19 cases keep mounting.Over 11.5 cases have been reported globally as of July 7, according to Johns Hopkins University data.The ever-increasing number of cases took the shine off positive data for the U.S. services sector relea

. By Yasin – The dollar fell sharply on Monday as better-than-expected U.S. services data strengthened investor expectations for speedier economic recovery, but some on Wall Street expect the greenback to regain its footing.The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.62% to 96.69.The Inst

. A man counts U.S. dollar banknotes next to Lebanese pounds at a currency exchange shop in Beirut BEIRUT The Lebanese central bank will provide foreign currency at a fixed exchange rate of 3,900 Lebanese pounds per dollar for importers and manufacturers of essential food items, it said on Monday. The central bank "will secure the necessary am

. By Peter The euro posted gains in early European trade Monday, helped by signs of a German economic recovery and well as hopes of more stimulus for the region in the near future. At 3 AM ET (0700 GMT), EUR/USD gained 0.4% to 1.1294, while EUR/GBP climbed 0.3% to 0.9032.German factory orders rose 10.4% in May with demand rebounding after the country loosened re

. Illustration photo of a U.S. Dollar note By Stanley White TOKYO The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector stopped contracting, which would further lift hopea for an economic recovery from the coronavirus pandemic. The euro moved in a narrow range before economic data from

. By Gina – The dollar was down on Monday morning in Asia, reversing its earlier gains. Investors cautiously retreated from the safe-haven asset amid optimism over U.S. services sector activity data due to be released later in the day.Forecasts prepared by predict a reading of 50 for the Institute for Supply Management non-manufacturing purchasing manager’s in

. Illustration photo of a U.S. Dollar note By Stanley White TOKYO The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector stopped contracting, in what would give further hope to an economic recovery from the coronavirus pandemic. The euro moved in a narrow range before economic data from

. By Stanley White TOKYO The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector stopped contracting, and highlighting the economic recovery from the coronavirus pandemic. The euro moved in a narrow range before economic data from Germany and the eurozone that are also forecast to show

. JOHANNESBURG Democratic Republic of Congo mines minister Willy Kitobo Samsoni plans to meet with mining companies to agree a moratorium on confining workers to mine sites due to the coronavirus. Civil society groups last month demanded an end to mandatory mine-site confinement policies put in place by copper and cobalt mining companies to avoid corona

. A man counts Iranian rials at a currency exchange shop, before the start of the U.S. sanctions on Tehran, in Basra DUBAI The Iranian rial fell to a new low against the U.S. dollar on the unofficial market on Saturday, as the economy comes under pressure from the coronavirus pandemic and U.S. sanctions. The dollar was offered for as much as 2

. BRASILIA Brazil's economy minister, Paulo Guedes, said on Friday that the tax reform proposed by President Jair Bolsonaro's government is ready and now requires political agreements to move forward. "It is absolutely ready to be dispatched, and now we have to make the political arrangements to see how we are going to move forward," Guedes said in a web

. CARACAS Venezuela's chief prosecutor on Friday announced arrest warrants for members of the central bank's ad hoc board of directors, appointed by opposition leader Juan Guaido, for several crimes, including treason. The announcement from Chief Prosecutor Tarek Saab came a day after a London court recognized Guaido as Venezuela's interim president, as

-- Indonesia’s rupiah sank by the most in two months ahead of a parliamentary hearing on the nation’s debt monetization plan, prompting intervention by the central bank.The currency dropped as much as 1.5%, its biggest decline since May 4. Even after the intervention, it was 1.3% lower at 14,570 per dollar at 2:05 p.m. in Jakarta“Investors a

. By Peter The dollar edged lower in early European trade Friday, with volumes hit by the U.S. holiday and traders weighing the conflicting influences of positive economic data and the increasing number of coronavirus cases.At 2:50 AM ET (0650 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 97.203.EUR/

. Europe Pushes to Avoid Economic Calamity By Extending Crisis Aid -- European governments are fast learning that they’ll have to live with aid programs to save jobs and businesses longer than thought to keep the economy from falling off a cliff.Across the continent, furlough programs that shielded close to 50 million jobs at the height of lockdowns, as

. By Gina – The dollar was down but not out on Friday morning in Asia, with investors retreating from the greenback after positive data from both China and the U.S. gave market sentiment an end-of-week boost.Non-farm payrolls rose to 4.8 million in June, higher than the 3 million in analyst forecasts prepared by as well as May’s figure of 2.699 million.But ris

. A U.S. Dollar banknote By Stanley White TOKYO The dollar was hemmed into a narrow range on Friday, supported by safe-haven flows as a resurgence of the coronavirus in the United States discouraged some investors from taking on excessive risk. The yuan held steady after data showing a strong rebound in China's services sector, as investors avoided big po

. An employee cleans tables divided by a perspex screen at The Mossy Well pub, operated by J D Wetherspoons Plc, in this arranged photograph in London, U.K., on Wednesday, June 24, 2020. Hotels, pubs, restaurants and cinemas will be able to open their doors from July 4, U.K. Prime Minister said as he gave the green light for England's beleaguered tourism and hospitality industry to restar

. By Stanley White TOKYO The dollar was hemmed into a narrow range on Friday, supported by safe-haven flows as a resurgence of the coronavirus in the United States discouraged some investors from taking on excessive risk. The yuan was stable in offshore trade before data on China's services sector, but investors may avoid taking big positions due to wor