Swiss Franc Slumps in Mini ‘Flash Crash’ as Japan Curse Strikes (Bloomberg) — The Swiss franc swooned almost 1 percent at the start of Asian trade Monday as thin liquidity caused by a Japan holiday led to a mini recurrence of the “flash crash” that roiled FX markets early last month. The Swissie slid from 1.0004
© Reuters. Investing.com – The U.S. dollar rose to its highest in over a week against the euro in early trading in Europe Wednesday, after more soft data from Germany underlined the loss of momentum in the euro zone’s traditional growth engine. Incoming to German factories fell by 1.6% in December, their second straight monthly
© Reuters. Investing.com – The U.S dollar suffered a weekly loss after falling sharply against its rivals Friday on expectations the Federal Reserve will turn more dovish at next week’s meeting, while a rally in the pound also weighed. The , which measures the greenback against a trade-weighted basket of six major currencies, fell by
© Reuters. Investing.com – The greenback slumped on Wednesday after dovish comments from Federal Reserve officials increased expectations that the central bank will pause its pace of interest rate hikes. The , which measures the greenback’s strength against a basket of six major currencies, fell 0.72% to 94.79 as of 10:20 AM ET (15:20 GMT).