Forex News

© Reuters. FILE PHOTO: Illustration photo of a China yuan note SHANGHAI (Reuters) – China’s yuan inched up against the U.S. dollar in early trade on Friday, as investors reduced long-dollar positions and refrained from testing lows in the Chinese currency following a stronger-than-expected official midpoint setting. However, traders said market sentiment was hurt by
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© Reuters. The dollar rose against its rivals Thursday. Investing.com – The dollar traded higher against its rivals Thursday as data showing inflation continue to meet the Federal Reserve’s target and consumer spending remained firm, strengthening the central bank’s case to continue with gradual rate hikes. The , which measures the greenback against a trade-weighted
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© Bloomberg. Mauricio Macri Photographer: Erica Canepa/Bloomberg (Bloomberg) — Argentina’s peso tumbled to a record low after President Mauricio Macri asked the International Monetary Fund to speed up disbursements from its $50 billion credit line to ease the nation’s financial crisis. The request reflects the pressure policy makers are under to reassure investors that the
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© Reuters. As Trump Slams China on Yuan, Currency Market Trades Record Amounts (Bloomberg) — Turnover in the has reached unprecedented levels, spurred by U.S. President Donald Trump’s broadsides against Chinese currency practices and the protracted trade dispute between the world’s two biggest economies. On the FX trading platform of Cboe Global Markets, average daily volume
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© Bloomberg. A customer changes dollars into Turkish lira at a foreign currency exchange store in Istanbul, Turkey, on Thursday, Aug. 16, 2018. Turkish Treasury and Finance Minister Berat Albayrak ruled out restrictions on movement of capital as a policy option, seeking to bolster confidence during a conference call on Thursday. Photographer: Nicole Tung/Bloomberg (Bloomberg)
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© Reuters. Trump’s Dollar Policy Could Derail Citigroup’s Bullish Forecast (Bloomberg) — Citigroup Inc (NYSE:). is bullish on the dollar. U.S. President Donald Trump could change that. The administration’s preference for a weaker greenback, combined with its unpredictable policy moves, pose a key risk for foreign exchange markets, according to Calvin Tse, North American head
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