Investing.com– Most Asian currencies weakened on Monday, while the dollar steadied at a near two-month high as strong labor market data and hawkish signals from the Federal Reserve saw traders reconsider bets on early interest rate cuts. Regional currencies were reeling from steep losses on Friday after U.S. data read…

By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) -The dollar climbed to its highest in almost three months against nine other major currencies on Monday as traders slashed bets the Federal Reserve would aggressively cut interest rates this year after new economic data further diminished those odds. U.S. services…

Investing.com– Most Asian currencies rose slightly on Tuesday, recovering marginally after growing expectations of higher-for-longer U.S. interest rates pushed up the dollar and weighed heavily on regional markets. Regional currencies saw some relief as the U.S. dollar steadied after racing to near three-month highs this week. The dollar was buoyed…

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political…

By Herbert Lash and Stefano Rebaudo NEW YORK (Reuters) -The dollar slid against major currencies on Tuesday, a day after it rose to its highest level in almost three months, as strong economic data and a hawkish stance on interest rates by Federal Reserve officials bolster the U.S. currency. Robust…

By Hari Kishan and Sarupya Ganguly BENGALURU (Reuters) – A resurgent dollar is more likely to stay strong than not over the coming months, according to foreign exchange strategists polled by Reuters, as markets reassess how soon the Federal Reserve may cut interest rates. Bucking a brief downward trend that…

By Milounee Purohit BENGALURU (Reuters) – The Indian rupee will remain in a tight range and appreciate only slightly against the U.S. dollar over the coming year as the Reserve Bank of India continues to intervene in currency markets despite a strong economy, according to a Reuters poll. The rupee…

Investing.com– Most Asian currencies kept to a tight range on Wednesday, steadying after recent losses as the dollar retreated from recent three-month peaks, although the prospect of higher-for-longer U.S. rates still kept traders on edge. Regional currencies were nursing steep losses over the past three sessions, after a string of…

By Devayani Sathyan and Vuyani Ndaba BENGALURU/JOHANNESBURG (Reuters) – Most emerging market currencies will struggle to recoup this year’s losses against the dollar in coming months as expectations for aggressive rate cuts from the U.S. Federal Reserve diminish, a Reuters poll of FX strategists found. After ending 2023 on a…

By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to strengthen over the coming year if the U.S. Federal Reserve cuts interest rates as expected, but its gains could be held in check as mortgage renewals weigh on household spending and economic growth, a Reuters poll found. The…