Forex News

2/2Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. /Dado Ruvic/Illustration2/2By Saqib Iqbal Ahmed NEW YORK -The U.S. dollar rose across the board on Monday, briefly driving the euro back below parity, as investors shied away from riskier assets amid growing fears that interest-rate hikes in the United States and Europe, aimed at curbi

. The newly designed Russian 100-rouble banknotes are seen at the Goznak printing factory in Moscow, Russia July 6, 2022. Moscow News Agency/Handout via MOSCOW -The Russian rouble pulled back from last week's near four-week high against the dollar on Monday but held near its strongest levels this month, with a tax payment period looming that usually sees exporters conv

. Euro Back Below Parity Just Start of Decline, Strategists Say -- The euro broke below parity for the second time in just over a month as a resurgent dollar and the prospect of a difficult winter for the region begin to bite. Strategists see the dip as just the start of a deeper descent.Morgan Stanley forecasts the euro will slide to $0.97 this quarter, a level not seen since th

2/2Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. /Dado Ruvic/Illustration2/2By Dhara Ranasinghe and Joice Alves LONDON The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows, weighed down by concern that a three-day halt to European gas supplies later this month will exacerba

. Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. /Jason Lee/Illustration/File PhotoA look at the day ahead in U.S. and global markets from Mike Dolan. Global central banks are scattering again, propelling a resurgent U.S. dollar to its highest in almost two years against Chi

2/2Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. /Dado Ruvic/Illustration2/2By Dhara Ranasinghe LONDON -The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows, weighed down by concern that a three-day halt to European gas supplies later this month will exacerbate an energy cris

. The newly designed Russian 100-rouble banknotes are seen at the Goznak printing factory in Moscow, Russia July 6, 2022. Moscow News Agency/Handout via (This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW The Russian rouble pulled back from last week's near four-week high against the dollar on Monday

. By Peter The U.S. dollar climbed to fresh highs Monday, with Federal Reserve policymakers retaining a hawkish stance over monetary policy ahead of the central bank's key Jackson Hole symposium later this week.At 2:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 108.160, after climbing earlier Monday as high

. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. /Dado Ruvic/IllustrationBy Kevin Buckland TOKYO The U.S. dollar hit a fresh five-week high versus major peers on Monday after more Federal Reserve officials flagged the likelihood of continued aggressive monetary tightening ahead of the central bank's key Jackson Hole symposium this wee

By Ambar Warrick -- The Chinese yuan sank to a near two-year low on Monday after the People’s Bank cut lending rates for the second time in two weeks, while most other Asian currencies fell amid growing uncertainty over the Federal Reserve’s plans for monetary policy. The yuan fell 0.1% to 6.8273 to the dollar, its weakest level since September 2020, after the People’s Bank of China (PBoC

7/7Reuters. A worker assembles an air drill at the factory of manufacturer Katsui Kogyo in Higashiosaka, Japan June 23, 2022. /Sakura Murakami2/7HIGASHIOSAKA, Japan The small factories in the western Japanese city of Higashiosaka for decades fuelled the thundering rise of the country's biggest brandsbut a weak yen and rising costs have accelerated a slow decline, and are resh

. Plastic letters arranged to read "Inflation" are placed on U.S. dollar banknote in this illustration taken, June 12, 2022. /Dado Ruvic/Illustration/File PhotoA look at the day ahead in U.S. and global markets from Mike Dolan After almost a month on the back foot, the U.S. dollar is on the rise again and shaping up for its best week since March. A darkening inflation pic

2/2Reuters. Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken February 10, 2020. /Dado Ruvic/Illustration2/2By Karen BrettellNEW YORK The U.S. dollar index hit a five-week high and posted its biggest weekly gain since April 2020 on Friday as investors adjusted for the likelihood that the Federal Reserve will keep hiking rates to battle inflat

. By Gopal Sharma KATHMANDU Bhutan will ban the import of all vehicles except utility vehicles, heavy earthmoving machines and agriculture machinery to save dwindling foreign exchange reserves, the government said in a notice seen by on Friday. Nestled between China and India, the country of fewer than 800,000 people is grappling with the effects of soaring oil and grain

2/2Reuters. A soldier stands outside Myanmar's Central Bank during a protest against the military coup, in Yangon, Myanmar, February 15, 2021. /Stringer2/2 -The head of Myanmar's central bank was replaced on Friday as part of a surprise reshuffle by the military junta which seized power in a coup last year, state media reported. Deputy Governor Than Than Swe, who was hospitalised a

. Representations of cryptocurrencies are seen in this illustration, August 10, 2022. /Dado Ruvic/IllustrationBy Tom Westbrook, Elizabeth Howcroft and Samuel Indyk SINGAPORE -Cryptocurrencies fell sharply on Friday, with sudden selling dragging bitcoin to a three-week low. Bitcoin fell as much as 7.7% to $21,404 over a few minutes during the European morning, at

. By Peter The U.S. dollar rose to a new one-month high in early European trade as Federal Reserve policymakers pointed to further aggressive interest rates ahead in the battle to tame soaring inflation.At 03:05 ET (07:05 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 107.567, after earlier touching 107.72, its highest s

. Representations of cryptocurrencies are seen in this illustration, August 10, 2022. /Dado Ruvic/IllustrationSINGAPORE Cryptocurrencies fell sharply on Friday, with sudden selling dragging bitcoin to a three-week low. The reason for the drop was not immediately clear. Bitcoin fell as much as 7.7% to $21,404 over a few minutes during the European morning. It r

. By Ambar Warrick -- China’s yuan sank to a near two-year low to the dollar on Friday, as concerns over slowing growth in the country and hawkish comments from the Federal Reserve weighed on Asian currencies.The yuan fell as much as 0.4% to 6.8144 to the dollar, its weakest level since September 2020. The fall comes in the wake of a swathe of weak economic data from the country and a d

. U.S. Dollar banknote is seen in this illustration taken July 17, 2022. /Dado Ruvic/IllustrationBy Karen Brettell NEW YORK The U.S. dollar index surged to a one-month high on Thursday as Federal Reserve officials spoke of the need for further rate hikes, and investors reevaluated Wednesday's minutes from the U.S. central bank's July meeting as being more hawk

. A China yuan note is seen in this illustration photo May 31, 2017. /Thomas White/Illustration(Refiles story to give more clarity in headline) LONDON Russia has charged up to third place in a list of countries outside mainland China using the yuan for global payments, highlighting how it is being affected by Western sanctions. Russia had not even been on the

. A mock-up of the newly designed Russian 100-rouble banknote is on display during a presentation in Moscow, Russia June 30, 2022. /Evgenia NovozheninaMOSCOW -The rouble surged to more than three-week highs on Thursday against the dollar and euro and Russian stocks edged higher, helped by stronger oil prices and an upcoming tax period that usually boosts rouble

. U.S. Dollar banknote is seen in this illustration taken July 17, 2022. /Dado Ruvic/IllustrationBy Karen Brettell NEW YORK The U.S. dollar index hit a three-week high on Thursday as investors reevaluated Wednesday's minutes from the Federal Reserve’s July meeting as more hawkish than originally interpreted and after data showed solid U.S. economic momentum.

. U.S. Dollar banknote is seen in this illustration taken July 17, 2022. /Dado Ruvic/IllustrationBy Alun John HONG KONG The dollar touched a three-week high on Thursday after minutes from the Federal Reserve's July meeting pointed to U.S. interest rates staying higher for longer to bring down inflation. The stronger greenback caused the pound briefly to dip b

. A mock-up of the newly designed Russian 100-rouble banknote is on display during a presentation in Moscow, Russia June 30, 2022. /Evgenia NovozheninaMOSCOW -The rouble surged to more than two-week highs on Thursday against the dollar and euro and Russian stocks edged higher, helped by stronger oil prices and an upcoming tax period that usually boosts rouble de