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Dollar Slips Lower, Euro Higher as Italy Eyed

Monday,   22-Oct-2018   03:47 (IST)

The dollar slipped lower against a currency basket on Monday, while the euro pushed higher even as Italy prepared to see its proposed budget for 2019 rejected by the European Union for breaching borrowing targets.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.10% to 95.28.Market sentiment was boosted after Chinese stocks staged the strongest rally in three years overnight after the government pledged to support the economy, which has been hit by the trade war between Washington and Beijing.But investors remained wary am...

U.S. Might Change Currency Test to Determine Forex Manipulator; Yuan Slips

Monday,   22-Oct-2018   12:47 (IST)

The Chinese yuan slipped on Monday amid reports that U.S. is considering changing its currency test that determines which nations are manipulating their currencies.The move could finally give U.S. Pre...

Euro, sterling shaky as markets eye Italy budget, Brexit developments

Monday,   22-Oct-2018   09:09 (IST)

The euro and the British pound edged down against the dollar on Monday as investors awaited developments around Brexit as well as Italy's budget plan which drew heavy criticism from the European U...

Yuan Little Changed After Disappointing China GDP Data

Friday,   19-Oct-2018   03:57 (IST)

The yuan was little changed on Friday after official data showed China’s third quarter GDP growth slowed more than expected.The USD/CNY pair fell 0.1% to 6.9376.China’s economic growth slo...

Euro near one-week low as Italian budget raises EU political risks

Friday,   19-Oct-2018   09:05 (IST)

The euro hovered near a one-week low against the dollar on Friday as the European Commission's criticism of Italy's populist budget sparked fresh concerns about political tensions in the commo...

Dollar gains for a second day as markets eye Fed minutes

Wednesday,   17-Oct-2018   03:55 (IST)

The dollar edged higher on Wednesday as a rally on Wall Street boosted risk appetite, although gains were capped before the release of Fed minutes later in the day.Still, moves were muted in currency ...

Dollar consolidates, yen weakens as risk sentiment improves

Wednesday,   17-Oct-2018   09:05 (IST)

The dollar was little changed against most of its major peers on Wednesday but made gains against the yen as upbeat Wall Street earnings turned global sentiment away from safe haven assets. The three ...

Pound Touches Day’s Highs on Strong Wage Growth Figures

Tuesday,   16-Oct-2018   03:58 (IST)

The pound rose to the day’s highs on Tuesday after data showing that wage growth in the UK accelerated at the fastest pace in nearly 10 years in August, bolstering the outlook for the economy.GB...

Dollar Rebounds From 1-Month Lows against Yen

Tuesday,   16-Oct-2018   02:20 (IST)

The dollar rebounded from one-month lows against the yen on Tuesday as a selloff in global equities markets eased, while the New Zealand dollar pushed higher after upbeat inflation data overnight.USD/...

Dollar on defensive; yen, Swiss franc firm on Saudi, Brexit tensions

Tuesday,   16-Oct-2018   09:04 (IST)

The U.S. dollar was on the defensive on Tuesday after weak retail sales data, with the safe-haven yen and Swiss franc benefiting from tensions between the West and Saudi Arabia and amid a standoff on ...