Forex News

. A trader shows U.S. dollar notes at a currency exchange booth in Karachi By Tom Westbrook SINGAPORE The dollar edged toward an almost 2% weekly rise on Friday, boosted by a surge in the oil price and as investors sought safety amid the worsening economic fallout from the coronavirus pandemic. The gains consolidate the dollar's strength after a topsy-tur

. A U.S. dollar banknote is pictured behind a protective mask in this illustration NEW YORK The cost of raising U.S. dollar funds in the Japanese and European foreign exchange swaps market narrowed considerably on Thursday in favor of the other two currencies, suggesting less demand for the greenback amid the coronavirus pandemic. Currency spr

. By Peter The dollar edged lower in European trading Thursday, with investors seemingly prepared to move out of the safe haven into riskier currencies ahead of key U.S. unemployment data.At 3 AM ET (0700 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.640, down 0.1%. EUR/USD fell 0.2% to 1.0939, while

. Yuan Weakens Past Key Support Level as Depreciation Quickens -- China’s yuan is coming under pressure after it weakened past a support level that had held for the past two weeks.The currency fell as much as 0.41% on Thursday to depreciate past 7.125 per dollar for the first time since October, before paring losses. Analysts cited demand for greenbacks

. By Gina Lee  -– The U.S dollar rose in Asia on Thursday as investors continue to look for safe havens.The U.S. dollar index, which tracks the greenback against a basket of other currencies, rose 0.01% to 99.761 by 11:16 AM ET (4:16 AM GMT).U.S President Donald Trump warned Americans to brace for a rough two weeks” overnight as the World H

. Photo illustration of one hundred dollar notes in Seoul By Hideyuki Sano TOKYO The dollar held gains on Thursday as investors rushed to the security of the world's most liquid currency as the coronavirus pandemic caused massive disruptions to global trade. The dollar index against a basket of major six currencies (=USD) gained 0.53% overnigh

. The Financial Market’s Stress Is All About the Dollar ( Opinion) -- Good riddance to the worst first quarter in history. But that doesn’t guarantee Spring sunshine and flowers as winter ends. Eminent investors such as Oaktree Capital Group LLC co-founder Howard Marks and DoubleLine Capital’s Jeffrey Gundlach are warning that the worst may not be ove

. By Peter Nurse The dollar traded a little higher Wednesday, helped by its status as a safe haven currency as manufacturing data out of Asia pointed to a severe economic slowdown as the region tries to combat the coronavirus pandemic.At 03:10 AM ET (0710 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 9

. By Gina Lee  - China’s Caixin PMI indicated a slight expansion in manufacturing even as the coronavirus outbreak situation continued to worsen. Japan’s Tankan survey showed a huge loss of optimism amongst Japan’s large manufacturers for the first time in more than six years.  As of March 31, the number of confirmed cases globally stood at 754,9

. By Gina Lee  - The U.S dollar rose on Wednesday as traders continued to search for safe haven. The US Dollar Index, which tracks the greenback against a basket of other currencies, rose 0.04% to 99.135 by 12:13 AM ET (05:13 GMT). Appetite for the safety of cash dollar continued to rise after reports in the U.S. said scientists now believe the viru

2/2Reuters. Employee counts U.S. dollar banknotes at a foreign exchange house in Monterrey 2/2 By Hideyuki Sano and Tom Westbrook TOKYO/SINGAPORE The dollar was a touch firmer on Wednesday, buoyed by its safe-haven status with the world staring at what is likely to be one of the worst economic contractions for decades as it locks down

. Argentine Economy Minister Martin Guzman reacts during an interview with , in Buenos Aires By Eliana Raszewski BUENOS AIRES Argentina will continue talks this week and next with creditors over restructuring its $83 billion in foreign debt, Economy Minister Martin Guzman said on Tuesday, after the South American country missed the March 31 deadlin

. Employee counts U.S. dollar banknotes at a foreign exchange house in Monterrey By Hideyuki Sano TOKYO Risk currencies looked fragile and the yen firmed on Wednesday, the first day of a quarter that looks set to see the worst economic contractions for decades in many countries as they scramble to tackle the coronavirus epidemic. The U.S. dollar could com

Fed Starts Repo Facility to Provide Dollars to Central Banks -- The Federal Reserve has opened a temporary repurchase agreement facility for foreign central banks to support the smooth functioning of financial markets.The program will allow participants to temporarily exchange U.S. Treasuries for dollars, which can then be made available to institu

. Turkey Widens Emergency Response With Central Bank’s Bond Buying -- Turkey’s central bank on Tuesday added to its emergency program to help contain the economic fallout from the coronavirus outbreak with new measures to ease lenders’ access to credit and support liquidity in the government bond market.Policy makers said they could make the bulk o

Goldman Sees Even Deeper U.S. Contraction in Second Quarter -- Goldman Sachs Group Inc (NYSE:GS). expects the U.S. economy to experience a far deeper slump than previously anticipated as the coronavirus pandemic hammers businesses, causing a wave of mass unemployment.The world’s largest economy will shrink an annualized 34% in the second quarter

. By Peter The dollar traded marginally higher Tuesday, helped by gains against the more defensive currencies, the Japanese yen and the Swiss franc, on the last trading day of the month.At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 99.597, up 0.3%. USD/JPY gained 0.6% to 108.50, USD

. Sign of Japan's GPIF is seen in Tokyo TOKYO Japan's Government Pension Investment Fund (GPIF) said on Tuesday it would raise its allocation target for foreign bonds to 25% from the current 15%, marking a shift from unprofitable domestic bonds to foreign assets. The GPIF is world's largest pension fund and managed 169 trillion yen ($1.5 trillion) worth o

. Dollar banknote is placed on the test tubes with fake blood labelled with the coronavirus disease (COVID-19) in this illustration By Saikat Chatterjee and Sujata Rao LONDON If the 2008 financial crisis is any guide, world marketswhich have barely had time to recover from the dollar's 9% surge in mid-Marchmay be set for another damaging bout of str

. By Gina The U.S dollar rose on Tuesday as Japanese investors scrambled for greenbacks on the last day of their fiscal year.The U.S. dollar index, which tracks the greenback against a basket of other currencies, rose 0.12% to 99.4 by 10:54 PM ET (03:54 AM GMT).The USD/JPY pair gained 0.61% as Japanese companies cover dollar shortages to close their books on the

. Photo illustration of one hundred dollar notes in Seoul By Stanley White TOKYO The dollar rose against the yen on Tuesday as Japanese investors and companies rushed to cover a shortage of the U.S. currency before their fiscal year end, but sentiment remained fragile as the global coronavirus crisis showed no signs of abating. China's yuan he

. Boris Johnson Photographer: Leon Neal/Getty Images -- The European Union warned the U.K. to set out what steps it will take to prevent a hard border in Ireland after Britain’s final break with the bloc at the year-end -- a sign that of the most explosive arguments in Brexit is still far from resolved.Members of the joint EU-U.K. committee on implemen

. By Peter Nurse The dollar is back in demand Monday as hopes of an early end to the shutdown which has paralysed the U.S. economy were dashed over the weekend, prompting some traders to head back to the greenback safe haven.At 3:55 AM ET (0815 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 98.965, up 0

Volatile Pound Causes Hedging Headache for Virus-Stricken Firms -- The pound’s wild fluctuations are causing more distress for businesses already struggling under an unprecedented lockdown of the U.K. economy.Sterling slid this month to lows not seen in decades against the dollar, before rebounding in its best week since 2009. That unpredictabili

. By Gina The U.S dollar was up on Monday as the COVID-19 pandemic continues to decrease investors’ appetite for risk.The U.S. dollar index, which tracks the greenback against a basket of other currencies, rose 0.35% to 98.885 by 11: 18 PM ET (4:18 AM GMT).Ever increasing numbers of global COVID-19 cases are driving investors to seek haven in the dollar.“Afte