The U.S. dollar was a tad higher on Thursday as receding concerns over the banking sector bolstered risk sentiment and investors switched their attention to the Federal Reserve’s battle against inflation. The dollar index, which measures the currency against six major peers, rose 0.019% to 102.65, after gaining 0.19% overnight. The index was on course, however, […]
The U.S. dollar traded near five-week lows in early European trade Wednesday ahead of the latest Federal Reserve interest rate decision, while surprisingly strong U.K. inflation data lifted the pound. At 03:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 102.825, just above […]
Most Asian currencies retreated in cautious trade on Wednesday as markets positioned for a likely interest rate hike by the Federal Reserve later in the day, although waning fears of a bank crisis made for small losses in regional currencies. The Fed is expected to hike interest rates by 25 basis points, given that inflation is […]
The Swiss National Bank sold 22.3 billion Swiss francs ($23.97 billion) worth of foreign currencies interventions last year, the central bank said in its annual report published on Tuesday, a reversal from the 21.1 billion francs bought in 2021. The SNB has said it is prepared to buy and sell foreign currencies as it pursues […]
When Caroline Sadaka buys groceries in the Lebanese capital Beirut, she keeps her phone in hand – not to check her shopping list but to calculate the spiralling costs of goods now priced at volatile exchange rates that vary by store and sector. As Lebanon’s economy continues to collapse, an array of exchange rates for […]
The U.S. dollar slipped lower in early European trade Monday as traders reassessed the likelihood of another rate hike by the Federal Reserve later this month given the ongoing U.S. banking crisis. At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.6% lower at 103.528, […]
