By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) – After making hay when a summer bond rout propelled the U.S. dollar to 10-month highs, hedge funds are now pondering what lies ahead for the greenback. The dollar, down 3.5% in November against a basket of other major currencies, is…

Investing.com– Most Asian currencies kept to a tight range on Thursday tracking weak economic signals from China, while the dollar steadied from recent losses as markets awaited a key inflation reading due later in the day. The strengthened slightly after a stronger midpoint fix from the People’s Bank of China.…

By Roushni Nair (Reuters) – Investors turned bullish on most emerging Asian currencies, as prospects of a potential end to U.S. interest rate hikes led to weakness in the greenback and triggered a rush into riskier assets in the region, a Reuters poll showed on Thursday. Bullish bets on South…

Investing.com – The U.S. dollar edged higher in early European trade Thursday, but remained near a three-month low ahead of a key reading of U.S. inflation later in the session. At 04:50 ET (09:50 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar gained on Thursday as investors took profits on bets the currency would weaken further and shrugged off data showing signs the U.S. economy is slowing. Thursday’s economic data suggested that the Federal Reserve is likely done raising interest rates and may start…

Investing.com– Most Asian currencies kept to a tight range on Friday, while the dollar rebounded from 3-½ month lows in anticipation of more cues on interest rates from Federal Reserve Chair Jerome Powell.  Regional currencies cooled slightly after a stellar rally through November, amid growing conviction that the Fed was…

Investing.com – The U.S. dollar retreated in early European trade Friday, as a key inflation release added to expectations that U.S. interest rates have peaked. At 04:40 ET (09:40 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 103.212, after…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar fell on Friday, after two days of gains, as Federal Reserve Chair Jerome Powell struck a cautious tone on further interest rate moves, saying that the risk of under- or over-tightening is now more balanced. The market viewed his comments as dovish,…

Investing.com– Most Asian currencies steadied after strong gains on Monday, while the dollar nursed recent losses amid growing conviction that the Federal Reserve was done raising interest rates, and will begin cutting them in early-2024.  The was one of the biggest beneficiaries of this notion, with the currency having recovered…

By Hannah Lang WASHINGTON (Reuters) -The dollar ticked higher on Monday, regaining some ground after falling for three straight weeks on bets that the U.S. Federal Reserve will soon be cutting interest rates, while bitcoin breached $42,000 for the first time since early 2022. The , which tracks the currency…