Investing.com – The U.S. dollar edged lower Wednesday, trading in a tight range with traders on edge before key U.S. inflation data that could influence the future path of interest rates. At 04:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies,…

By Saqib Iqbal Ahmed and David Randall NEW YORK (Reuters) – A comparatively hawkish European Central Bank is likely to keep the dollar under pressure against the euro in the near term, though the greenback could recover later in the year as chances of a U.S. recession rise, Citigroup strategists…

By Karen Brettell NEW YORK (Reuters) -The dollar gained on the yen but dipped against the euro on Wednesday as investors waited on U.S. inflation data for fresh clues on when the Federal Reserve is likely to begin cutting interest rates. In cryptocurrencies, bitcoin seesawed in a range after news…

By Ketki Saxena Investing.com — The Canadian Dollar traded in a tight range vs. its US counterpart today, as markets await impetus from tomorrow’s I print. The gained some support from an uptick in risk-sentiment, reflected in equities. However, the commodity linked loonie faced pressure from sliding crude prices, following…

Investing.com– Most Asian currencies rose slightly on Thursday, while the dollar trimmed a bulk of its new year gains in anticipation of key U.S. inflation data for more cues on when the Federal Reserve could begin cutting interest rates. But the hovered near one-month lows, seeing fresh weakness on growing…

By Archishma Iyer (Reuters) – Bearish bets on most Asian currencies solidified on waning optimism of sooner-rather-than-later U.S. rate cuts, although the Indian rupee was an exception by racking up bullish bets for the first time in about six months, a Reuters poll showed on Thursday. Most Asian currencies have…

Investing.com – The U.S. dollar steadied in early European trade Thursday, retaining most of 2024’s gains ahead of the release of key U.S. inflation data that could provide more clues on when the Federal Reserve could begin cutting interest rates. At 04:20 ET (09:20 GMT), the Dollar Index, which tracks…

By Darya Korsunskaya and Alexander Marrow (Reuters) – Russia’s finance ministry said on Thursday it would switch to foreign currency sales from purchases in the coming weeks after December oil and gas revenues were lower than expected. The finance ministry’s currency interventions are carried out by the central bank. In…

NEW YORK – The foreign exchange market experienced notable movements today as the Euro initially strengthened against the US dollar, only to pare gains following the release of US inflation data. The exchange rate climbed early in the day to 1.0985, but later declined to $1.0964 after the US reported…

By Karen Brettell NEW YORK (Reuters) -The dollar was down on the day against the euro and the yen on Thursday but off lows reached before data showed that U.S. consumer price inflation came in above economists’ expectations in December, raising some doubts that the Federal Reserve will cut rates…