Most Asian currencies moved little on Thursday as markets weighed weak economic data from China against growing bets that the Federal Reserve will pause its rate hike cycle. The dollar steadied in Asian trade after steep losses this week, as weaker-than-expected GDP and employment data spurred bets that the Fed has limited headroom to keep raising interest rates. But […]
The euro eased against the dollar on Wednesday as investors looked to more labour market data in the U.S. and inflation data in the euro zone to provide clues on the path for central banks policies. Spain and Germany inflation releases could give some indication on the bloc’s wider numbers due on Thursday. Inflation in […]
Most Asian currencies edged lower on Thursday as investors turned broadly risk-averse ahead of key U.S. inflation data due later in the day, while the Chinese yuan rose sharply on more support from the central bank. The dollar steadied near five-week highs, benefiting from increased demand as markets positioned for a potentially stronger U.S. consumer […]
Maintaining privacy and increasing understanding of blockchain technology are primary issues to solve before Brazil’s central bank digital currency (CBDC) is ready for widespread use, the central bank’s coordinator of the project said on Tuesday. Named DREX, the digital real is set for a first phase launch aimed at financial institutions in May 2024, though […]
The dollar rose on Friday after a slightly bigger increase in U.S. producer prices in July lifted Treasury yields higher even as speculation grows that the Federal Reserve is at the end of hiking interest rates. Rebounding cost of services at the fastest pace in nearly a year pushed the Producer Price Index higher and […]
The yen slipped on Monday to its lowest in the year against the dollar, breaching the key 145 level before regaining some ground as traders warily looked for clues on possible intervention, while the dollar rose to a more than one-month peak. The Japanese yen weakened to as low as 145.22 per dollar in early Asian hours, […]
