Dollar Weakness: A Sign of Things to Come? The dollar has been on a downward trend in recent weeks, and there are a few reasons why this might be happening. One reason is that interest rates in the United States are rising, while interest rates in other countries are staying relatively low. This makes U.S. …
The yen remained weak against the dollar on Monday, hovering just below the psychologically important barrier of 145 per U.S. dollar. The yen has lost 9% against the dollar in the first six months of the year. Against the euro, the yen was hovering at 157.66, just under the 15-year low of 158 it touched …
Yen weak, dollar drifts as traders weigh Fed rate hike path Read More »
The dollar weakened on Wednesday as investors bet that the Federal Reserve will pause its interest rate hiking cycle after soft inflation data. The dollar index, which measures the greenback against a basket of six major currencies, fell 0.2% to 103.25. The euro rose 0.3% to $1.0800, while the British pound gained 0.2% to $1.2615. …
The dollar edged lower on Wednesday, while most Asian currencies barely budged as markets looked for more clues on monetary policy from key U.S. inflation data and the Fed’s March meeting minutes due later in the day. A cautionary note on a possible recession from Minneapolis Fed chief Neel Kashkari also weighed on sentiment, although …
Asia FX flat, dollar dips ahead of CPI data, Fed minutes Read More »