By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar swayed in a tight range on Tuesday as traders took stock of developments in the Middle East and braced for a slew of speeches by central bank officials this week headlined by Fed Chair Powell to gauge the monetary policy outlook.…

Investing.com– Most Asian currencies fell slightly on Tuesday as demand for the dollar remained steady before several major U.S. economic readings this week, while sentiment also remained on edge over the Israel-Hamas war. U.S. and data is due later in the day, while a string of Federal Reserve members are…

Poland’s currency, the zloty, appreciated against major currencies including the euro, dollar, Swiss franc, and British pound on Monday. This followed the country’s parliamentary elections where the Law and Justice party won 36.8% of votes, securing 200 seats in Sejm, the lower house of parliament. Despite this victory for the…

Investing.com– Most Asian currencies fell slightly on Monday,  while the dollar retreated from recent peaks as investors continued to fret over any potential spillover from the Israel-Hamas war.  Appetite for risk-driven Asian currencies remained fragile, while the dollar saw a smidge of profit taking after coming close to 10-month highs…

By Leika Kihara MARRAKECH, Morocco (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday he told his G20 counterparts that Tokyo may need to take “appropriate action” in the exchange-rate market as global monetary tightening could heighten volatility in currency moves. The remarks came as the yen renewed its…

By Leika Kihara MARRAKECH, Morocco (Reuters) -The yen’s recent declines are driven by fundamentals and do not meet any of the considerations that would call for authorities to intervene in the currency market, a senior International Monetary Fund official said on Saturday. “On the yen, our sense is that the…

China’s central bank digital currency (CBDC), known as e-CNY, has expanded its pilot to 26 locations, a move that has been under way since 2019. This was revealed during a forum in Beijing, where the former governor of China’s central bank, Zhou Xiaochuan, detailed the evolution and potential future direction…

The US dollar experienced a rally this week, buoyed by rising yields and persistent investor concerns over inflation, according to recent market data. This surge has led to a decline in equities and the Euro-US dollar () exchange rate falling below 1.06. The latest US inflation data did little to…

Investing.com – The U.S. dollar edged lower in early European trade Friday, but remained near the previous session’s elevated levels after the release of sticky U.S. inflation data awakened the prospects of another Federal Reserve interest rate hike this year. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks…

The US dollar, which had been weakening due to anticipated rate cuts in the midst of peak long-dated rates, rebounded on Thursday, driven by robust economic indicators. The Q4 Consumer Price Index (CPI) annualized at 3.79%, as reported by the Cleveland Fed’s nowcast, played a significant role in this turnaround.…