Forex News

. By Yasin – The dollar looks set to snap a three-week win streak Friday, and while analysts are expecting short-term gains to resume, the longer-term outlook for the greenback is less convincing.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.10% to 92.17."In the coming weeks, the dollar is more likely to g

. Guardians of World Economy See Long Road for Pandemic Recovery -- The guardians of the global economy this week implored governments to act to avoid a two-speed rebound where vaccinated, rich nations recover more strongly from the pandemic than poorer countries languishing under the burden of disease and debt.The International Monetary Fund said that it sees the U.S., as well a

. By Peter The dollar edged higher in early European trading Friday, but remains anchored near two-week lows following disappointing jobless figures and with the Federal Reserve showing no signs for changing its ultra easy monetary policy stance.At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 92.278, after di

. An employee counts U.S. dollar bills at a money exchange office in central CairoBy Tom Westbrook SINGAPORE The dollar advanced slightly on Friday but was headed for its softest week of the year as strong data in Europe, surprisingly weak U.S. jobs figures and a determinedly accommodative Federal Reserve have prompted investors to trim bets on the greenback. The eur

. By Gina – The dollar was up on Friday morning in Asia, even as downbeat U.S. jobs figures and a stubbornly dovish U.S. Federal Reserve prompted investors to unwind some bets on the greenback and drove it towards its worst week of the year.The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.08% to 92.140 by 11:30 PM ET (3:30 AM GMT). The inde

. An employee counts U.S. dollar bills at a money exchange office in central CairoBy Tom Westbrook SINGAPORE The dollar was headed for its worst week of the year on Friday as unexpectedly strong economic data in Europe, downbeat U.S. jobs figures and a determinedly accommodative Federal Reserve have prompted investors to unwind some bets on the greenback. The euro an

. Trouble for Won With Samsung’s Huge Dividend Hitting in April -- A bumper payout from Samsung Electronics (OTC:SSNLF) Co. could spell trouble for the won this month.Dividend payments to foreign investors -- which typically pressure the currency in April -- are expected to more than double this month to 10.5 trillion won ($9.4 billion) from a year ago, according to

. By Yasin – The dollar fell against its rivals Thursday, and remains set to snap a three-week winning streak as the reflation trade that had pushed bond yields appear to be running out of steam.The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.43% to 92.07.The dollar followed U.S. bond yields higher, which tr

. U.S. one dollar banknotes are seen in front of displayed stock graphBy Ritvik Carvalho LONDON The U.S. dollar traded near its lowest in more than two weeks versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve's March policy meeting offered no new catalysts to dictate market direction. Fed officials remained cautious

By Peter The dollar weakened in early European trading Thursday, trading near two-week lows after minutes of the Federal Reserve's March policy meeting pointedunsurprisinglyto continued loose monetary policy.At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 92.340, after dipping as low as 92.155 on Wednesday f

. U.S. one dollar banknotes are seen in front of displayed stock graph By Kevin Buckland TOKYO The U.S. dollar traded near more than two-week troughs versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve's March policy meeting offered no new catalysts to dictate market direction. Fed officials re

. By Gina – The dollar was down on Thursday morning in Asia, alongside falling Treasury yields, as the U.S. Federal Reserve resolutely kept to a dovish stance in the minutes from its latest policy meeting.The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.07% to 92.405 by 12 AM ET (4 AM GMT), near a more than two-week low.The USD/JPY pair i

. U.S. one dollar banknotes are seen in front of displayed stock graphBy Kevin Buckland TOKYO The U.S. dollar traded near more than two-week troughs versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve's March policy meeting offered no new catalysts to dictate market direction. Fed officials remained cautious about the

. Yuan Erases Year’s Gains Against Dollar as PBOC Steps Aside -- The yuan is hurting after months of standing tall against the dollar.In March, the currency gave up all its 2021 gains and then some. There are signs a short-term retreat may be starting as the drivers that lifted the yuan last year -- a quicker economic rebound from the pandemic and investors seeking yields -- ge

. By Yasin – The dollar rose against a basket of major currencies Wednesday, and looked set to snap a two-day losing streak as U.S. bond yields bounced back from lows session despite the Federal Reserve's March meeting minutes confirming the central bank is not rush to hike rates.The U.S. dollar index, which measures the greenback’s strength against a trade-we

. Rupee Tumbles on Worries RBI’s Bond Plan May Add to Money Glut -- The Indian rupee tumbled to the lowest in more than four months, with some analysts saying the central bank’s formal plan to buy bonds will add to a liquidity glut.The rupee fell as much as 1.4% to 74.4288 per dollar, the weakest since Nov. 18. The central bank said Wednesday it will

. Chinese Yuan banknotes are seen in this illustration BEIJINGChina's foreign exchange reserves fell more than expected in March, official data showed on Wednesday, as the dollar posted a gain against a basket of major currencies. The country's foreign exchange reservesthe world's largestfell $34.97 billion to $3.17 trillion last month, compared with the $3

By Peter The dollar edged higher in early European trading Wednesday, but remained near two-week lows after bond yields fell sharply despite further signs of strong U.S. economic growth.At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 92.390, just above a two-week low of 92.246,

. A healthcare worker administers a rapid antigen test near the Gateway of India monument in Mumbai, India, on Wednesday, March 31, 2021. India’s consumption demand and business activity looked steady in February, although chances of a strong recovery appeared doubtful after a sharp surge in virus cases and the increasing risk of renewed lockdowns. --

. By Gina – The dollar was down on Wednesday morning in Asia, as U.S. bond yields fell and investors retreated from aggressive expectations that the U.S. Federal Reserve will tighten its policy earlier than expected.The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.02% to 92.330 by 12:51 AM ET (4:51 AM GMT). The in

. U.S. one dollar banknotes are seen in front of displayed stock graph By Hideyuki Sano TOKYO The dollar softened to a two-week low against a basket of currencies on Wednesday after U.S. bond yields declined as traders rolled back aggressive expectations that the Federal Reserve will tighten its policy earlier than pledged. The dollar index hi

. U.S. one dollar banknotes are seen in front of displayed stock graph By Hideyuki Sano TOKYO The dollar softened to a two-week low against a basket of currencies on Wednesday after U.S. bond yields declined as traders rolled back aggressive expectations that the Federal Reserve will tighten its policy earlier than pledged. The dollar index wa

. By Peter The dollar edged higher in early European trading Tuesday,  with traders retaining a largely positive tone on the back of signs of strong U.S. economic growth and an impressive vaccine rollout. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 92.688.USD/JPY rose 0.1% at 110

. A man counts U.S. dollar banknotes at a currency exchange shop in Beirut By Kevin Buckland TOKYO The dollar stabilised near an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with a retreat in Treasury yields from recent peaks despite signs of a robust U.S. economic recovery. The dollar index sank as low as 92.527 in the A

. By Yasin – The dollar fell sharply against its rivals Monday, paced by declining U.S. bond yields, but the pullback could be short-lived as the expected rise in rates has forced some on Wall Street to ease their bearish bets on the greenback.The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.48