The Indian rupee experienced slight fluctuations this week as traders anticipated the Reserve Bank of India’s monetary policy announcement. On Friday, the currency appreciated by two paise to trade at 83.34 against the US dollar, buoyed by positive equity trends. Finrex Treasury Advisors noted that the rupee is expected to fluctuate narrowly due to balanced […]
Most Asian currencies moved little on Friday as traders positioned for a potentially softer U.S. nonfarm payrolls reading, while the yen sat near a four-month high to the dollar tracking hawkish signals from the Bank of Japan. The yen was the best-performing Asian currency this week, up over 2% after BOJ Governor Kazuo Ueda signaled that the […]
After making hay when a summer bond rout propelled the U.S. dollar to 10-month highs, hedge funds are now pondering what lies ahead for the greenback. The dollar, down 3.5% in November against a basket of other major currencies, is set for its worst monthly performance in a year as expectations of interest-rate cuts next […]
Investors turned bullish on most emerging Asian currencies, as prospects of a potential end to U.S. interest rate hikes led to weakness in the greenback and triggered a rush into riskier assets in the region, a Reuters poll showed on Thursday. Bullish bets on South Korean won, Taiwanese dollar, and Philippine peso were at their […]
The U.S. dollar edged higher in early European trade Thursday, but remained near a three-month low ahead of a key reading of U.S. inflation later in the session. At 04:50 ET (09:50 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.4% higher to 103.120, just above the […]
The dollar gained on Thursday as investors took profits on bets the currency would weaken further and shrugged off data showing signs the U.S. economy is slowing. Thursday’s economic data suggested that the Federal Reserve is likely done raising interest rates and may start easing by the middle of next year, typically a dollar-negative factor. […]
