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(Reuters) – China’s major state-owned banks were heavy sellers of dollars on Wednesday, three people with direct knowledge of their activity said, steadying the yuan as it came under pressure in currency trade as the economy remains shaky.State banks often act on behalf of China’s central bank in the foreign…

Investing.com – The U.S. dollar edged higher in early European trade Wednesday, on course for its biggest monthly gain since September, while the euro retreated after weak inflation data.At 04:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher…

By Karen Brettell NEW YORK (Reuters) – The dollar gained on the euro and pared losses against the yen on Wednesday after Federal Reserve Chair Jerome Powell said that a rate cut in March was not the U.S. central bank’s “base case.” It came after the Fed offered a neutral…

By Ketki Saxena Investing.com – The weakened against its US counterpart today, hit by risk-off sentiment after Microsoft (NASDAQ:) and Alphabet (NASDAQ:) earnings disappointed, and following a less-dovish-than-hoped-for Fed. A rate decision from the US Federal Reserve was the main driver of action for the USDCAD pair today, overshadowing a…

Investing.com– Most Asian currencies retreated on Thursday, while the dollar hovered near a seven-week high after the Federal Reserve kept interest rates steady and shot down expectations for a March rate cut. Regional currencies were pressured chiefly by strength in the dollar, which shot up in overnight trade after the…

Investing.com – The U.S. dollar rose in early European trade Thursday, climbing near to a seven-week high, after the Federal Reserve kept interest rates steady and played down expectations for a March rate cut. At 04:25 ET (09:25 GMT), the Dollar Index, which tracks the greenback against a basket of…

By Karen Brettell NEW YORK (Reuters) -The dollar fell against the euro and yen on Thursday as investors continued to bet the Federal Reserve is closer to cutting interest rates, even after Chairman Jerome Powell said that a move in March was unlikely. Powell said on Wednesday that rates had…

Investing.com– Most Asian currencies kept to a tight range on Friday, while the dollar was headed for a negative week ahead of key U.S. nonfarm payrolls data, which is expected to provide more cues on the path of U.S. interest rates.  The data comes just a few days after the…

By Karen Brettell NEW YORK (Reuters) -The jumped to a seven-week high in a broad rally on Friday after data showed that employers added far more jobs in January than expected, reducing the chances of near-term Federal Reserve interest rate cuts. Nonfarm payrolls increased by 353,000 last month, beating economists’…