Most Asian currencies moved little on Wednesday, while the dollar retreated further as markets awaited more cues on monetary policy from key inflation data and the minutes of the Federal Reserve’s March meeting due later in the day. A warning on a potential recession from Minneapolis Fed President Neel Kashkari also kept sentiment subdued, although he also […]
The dollar fell to a two-month low on Thursday after data showed U.S. inflation slowed sharply in March, bolstering hopes that the Federal Reserve’s rate-hiking campaign is either already finished or will be by May. Figures released on Wednesday showed that consumer price index (CPI) inflation came it at 5% year-on-year in March, down from […]
Chicago’s CME Group opened options trading for Chinese yuan futures on Monday, as it looks to deepen a market that investors use for betting or hedging against moves in China’s currency. Hong Kong has offered similar exchange-traded options since 2017, though bringing the product to CME – the world’s biggest derivatives exchange – may be a step […]
Nigeria’s naira dropped to a record low of 465 per dollar on the official market on Monday, Refinitiv data showed, as traders await the outcome of Friday’s central bank foreign exchange auction. The naira, which trades within a range on the official market, has fallen to successive lows due to dollar scarcity, coupled with central […]
The U.S. dollar languished near two-month lows in early European trade Monday as weak economic data support the idea that the U.S. Federal Reserve may be near the end of its rate-hiking cycle. At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, edged just higher at […]
Asian currencies moved in a flat-to-low range on Wednesday, while the dollar stuck to two-month lows as weak economic data fueled increasing concerns over an economic slowdown this year. The New Zealand dollar was the sole outlier among global currencies, rallying 0.6% after the Reserve Bank of New Zealand hiked rates by a bigger-than-expected 50 basis points, and flagged […]
