South Africa’s rand was marginally stronger in early trade on Tuesday, with market attention this week likely to hinge on local purchasing managers’ index (PMI) surveys and a U.S. Federal Reserve interest rate meeting. At 0550 GMT, the rand traded at 18.3725 against the dollar, around 0.1% stronger than its previous close. The U.S. currency was […]
The dollar fell Tuesday after data showed that U.S. job openings fell in March, a day before the Federal Reserve is expected to hike interest rates by an additional 25 basis points. U.S. job openings fell for a third straight month and layoffs increased to the highest level in more than two years, suggesting some […]
Brazil offered on Tuesday to help cash-strapped Argentina and provide support to Brazilian exporters so that they can continue to sell to the neighboring country, their main exporting market for manufactured goods. “We are not discussing just helping Argentina. We need to help Brazilian businesses that export to Argentina, like China helps Chinese exporters,” President […]
Most Asian currencies crept higher from recent losses on Wednesday, while the dollar relinquished some gains as markets hunkered down before a widely expected interest rate hike by the Federal Reserve later in the day. Market holidays in China and Japan kept regional trading volumes slim. Still, the Japanese yen rose 0.4%, recovering from a near two-month […]
The U.S. dollar edged higher in early European trade Monday, but was on track for a second straight monthly loss ahead of the release of more economic data which is likely to shed more light on the future path of interest rates. At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a […]
The British pound was little changed against the dollar on Monday, trading in close proximity to a 10-month high hit earlier this month as markets expect the Bank of England to continue tightening policy to bring down inflation. Data last week showed British consumer prices at 10.1% in March, the only country in Western Europe […]
