The U.S. dollar started the week with a soft tone on Monday as investors looked to looming economic data from around the world and U.S. corporate earnings to gauge whether the markets™ guarded optimism on the economic outlook is justified.
The greenback ended its third week of losses on Friday as investors bought into risk-sensitive currencies on bets that the worst of the pandemic™s sweeping impact was over.
The dollar index against a basket of currencies stood at 96.586 =USD, down slightly after having lost about 0.5% last week.
U.S. coronavirus cases continued to surge over the weekend, as Florida reported an increase of more than 15,000 new cases of COVID-19 in 24 hours, a record for any state, surpassing a peak hit in New York in April.
The Chinese yuan stood flat at 7.0068 per dollar in early trade.
The euro traded at $1.1314, maintaining its slow uptrend since late last month.
The dollar traded at 106.915 yen, off two-week lows of 106.635 set on Friday.
Source: Reuters
Gauge of the dollar held near a seven-week high as investors waited for comments from Federal Reserve Chair Jerome Powell to gauge his views on the US economy. Australia's dollar declined amid risk-of...
The yen weakened while stock futures climbed after the Bank of Japan maintained its key policy settings. The currency slid 0.5% to 143.49 per dollar at 11:56 a.m. in Tokyo. ...
Most Asian currencies firmed slightly on Wednesday tracking a stronger-than-expected reading on Chinese economic growth, although fears of an escalation in the Israel-Hamas war limited any major gains...
The dollar remained firm on Wednesday ahead of a much-anticipated rate decision by the Federal Reserve later in the day, while sterling slid on increased bets the Bank of England (BoE) will pause its ...
The euro got a lift on Tuesday from a report that indicated the European Central Bank may soon start discussing how to drain some of the excess liquidity in the banking system, while the yen wallowed ...
Stocks were able to regain ground Friday after equity futures tumbled overnight as investors bet Israel retaliatory strikes against Iran would not escalate to a bigger conflict. Oil prices traded into the red after briefly spiking earlier. The Dow...
Oil slipped on Friday following an earlier price spike of more than $3 after Iran played down reported Israeli attacks on its soil, in a sign that an escalation of hostilities in the Middle East might be avoided. Brent futures were down 48 cents,...
Gold prices rose on Friday and were poised for a fifth straight week of gains, as investors rushed to the safe-haven asset as escalating tensions between Iran and Israel fuelled fears of a wider regional conflict. Spot gold was up 0.1% at...
Federal Reserve (Fed) Chairman Jerome Powell participates in a fireside chat about economic trends in North America at the Wilson Center's...
Nikkei
Japanese stocks fell, marking their biggest three-day drop since October, as investors continued to be on watch for any risk of currency...
The S&P 500 wavered on Tuesday after Federal Reserve chair Jerome Powell said interest rates may need to stay elevated.
The broad index lost...
Bank of England Governor Andrew Bailey hinted that the UK might be able to lower interest rates before the US, saying inflation dynamics...