Most Asian currencies strengthened on Thursday, while the dollar languished at 15-month lows after weaker-than-expected U.S. inflation data spurred bets that the Federal Reserve was close to hitting peak interest rates. U.S. Treasury yields also dropped after the weak inflation reading, as the data, coupled with signs of a cooling labor market, spurred bets that the Fed […]
A sliding dollar came under more pressure on Thursday, as traders took surprisingly slow U.S. inflation as a signal U.S. interest rate rises will be all but finished by month’s end. U.S. data on Wednesday showed inflation slowed a lot faster than expected last month. That gave rise to the biggest one-day dollar sell-off in […]
Central European currencies are expected to weaken over the next 12 months with the Polish zloty taking the biggest hit, a Reuters poll showed, as higher inflation compared to the euro zone and the prospect of interest rate cuts weigh. The region’s currencies have made a strong start to the year, supported by high interest rates and […]
The U.S. dollar edged lower in early European hours Thursday, handing back some of its overnight gains after the minutes from the Federal Reserve’s last meeting pointed to another rate hike later this month. At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% […]
The dollar was holding its ground on Thursday, underpinned after the minutes of the U.S. Federal Reserve’s latest policy meeting firmed bets for a rate hike this month, while a broad risk-off mood lent some support to the Japanese yen. Minutes from the Fed’s June meeting released on Wednesday showed that the vast majority of […]
Chinese investors are rushing offshore to make dollar deposits and buy Hong Kong insurance in a signal domestic confidence is languishing and that the ailing yuan faces more pressure. The outflows highlight deep-seated concern about the state of China’s economy as its much-awaited pandemic recovery stalls. Consumer spending is flagging, the property market and stock […]
