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Dollar hits more than two-month high as European inflation cools

Wednesday,   31-May-2023   03:27 (IST)

The U.S. dollar rose strongly on Wednesday to a more than two-month high after data showed European inflation is cooling quicker than expected and China's recovery is sputtering. The euro was last down 0.67% at $1.066, the lowest since March 20. That helped the dollar index, which measures the greenback against six major peers, climb 0.51% to 104.6, its highest since March 16. Data on Wednesday showed that inflation in France and some of Germany's biggest states is slowing quickly. Analysts said the figures reduced the pressure on the European Central Bank (ECB) to keep raising interes...

Dollar in demand after weak Chinese activity data dent risk sentiment

Wednesday,   31-May-2023   01:45 (IST)

The U.S. dollar gained in early European trading Wednesday after weak Chinese activity data hit risk sentiment, while the U.S. debt ceiling deal cleared an important hurdle. At 03:55 ET (07:55 GMT), t...

Aussie slides with yuan after weak China data, yen soars

Wednesday,   31-May-2023   01:42 (IST)

The Australian and New Zealand dollars declined along with the yuan on Wednesday after a surprise deterioration in Chinese factory activity stoked worries about the country's sputtering post-pande...

Dollar sags versus yen after Japan warning; Aussie slides on China data

Wednesday,   31-May-2023   08:18 (IST)

The dollar languished below the psychological 140 yen level on Wednesday after getting knocked back from a six-month high after Japanese officials met on Tuesday to discuss their currency. The Austral...

Yen stronger post-emergency meeting, dollar stays lower

Wednesday,   31-May-2023   08:06 (IST)

Currency markets were choppy on Tuesday as the dollar hit a 10-week high against peers and a six-month top versus the yen before retreating after Japanese officials gave their currency a nudge. Japan ...

Chinese yuan hits 6-month low on weak PBOC fix, Asia FX mixed

Tuesday,   30-May-2023   02:06 (IST)

Most Asian currencies were a mixed bag on Tuesday as optimism over a U.S. debt ceiling deal was largely countered by fears of a more hawkish Federal Reserve, while the Chinese yuan hit a new six-month...

Yen firms on policymaker meeting, dollar up after debt deal

Tuesday,   30-May-2023   02:03 (IST)

The yen strengthened on Tuesday on news of a meeting of Japan's finance ministry and central bank, while elsewhere the dollar rose to a two-month high against a basket of its peers after the U.S. ...

Dollar trades near two-month high; Fed rate hike expectations rise

Tuesday,   30-May-2023   01:20 (IST)

The U.S. dollar climbed higher in early European trading Tuesday, remaining close to a two-month peak, as traders digested the potential for more Federal Reserve interest rate hikes as well as the pas...

Dollar eases as deal over US debt ceiling lifts risk appetite

Tuesday,   30-May-2023   07:59 (IST)

The U.S. dollar fell on Tuesday against a basket of major currencies but did not drift far from a two-month peak, after a deal over the U.S. debt ceiling lifted risk sentiment, although the agreement ...

Dollar edges down as U.S. debt ceiling deal dents safe-haven appeal

Monday,   29-May-2023   02:41 (IST)

The dollar edged down on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite across financial markets and dented the greenback's safe-haven a...