Investing.com– Most Asian currencies weakened on Tuesday tracking a string of middling economic readings from the region, with the Australian dollar falling sharply after the Reserve Bank kept rates unchanged and offered scant cues on monetary policy.  The was the worst performer for the day, down 0.6% after the .…

KIEV – The National Bank of Ukraine (NBU) has actively participated in the currency market, selling a significant amount of foreign currency in an effort to manage the exchange rate and monetary policy within the country. Recent reports indicate that between November 27 and December 1, the NBU sold approximately…

Mitsubishi UFJ Financial Group (NYSE:), one of Japan’s premier financial institutions, has entered into a partnership with JPYC Inc. to integrate the yen-backed stablecoin into its digital asset platform, Progmat. This move is aimed at streamlining services such as cross-border payments and comes as part of the financial giant’s broader…

Investing.com – The U.S. dollar stabilized in early European trade Tuesday, near a one-week high, as traders scaled back dovish Federal Reserve bets ahead of key economic data releases. At 04:30 ET (09:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely…

SHANGHAI (Reuters) -China’s major state-owned banks were busy buying the yuan in currency markets on Tuesday to prevent it from weakening too much, two sources with knowledge of the matter said, with buying intensifying after rating agency Moody’s (NYSE:) cut China’s outlook to negative in the afternoon. State banks were…

MOSCOW (Reuters) – Russia’s finance ministry said on Tuesday it would decrease the volume of deferred foreign currency purchases in the coming month by more than 2-1/2 times to a cumulative total of 244.8 billion roubles ($2.68 billion). The purchases are deferred because the central bank in August stopped buying…

WASHINGTON – The (DXY) climbed to the pivotal 104.00 mark today, buoyed by a downgrade of China’s credit outlook and signals from the European Central Bank (ECB) that it may halt its rate hikes following a quicker-than-expected slowdown in inflation in Europe. The strengthening of the dollar comes amid broader…

LONDON – The British pound fell to weekly lows against a stronger US dollar during the American trading session Tuesday, slipping below the significant 1.2600 level. The currency pair lost about one-third of a percent in value as the greenback found support from a mixed bag of economic indicators. The…

LONDON – The currency pair remained near the 0.8570 mark Tuesday as investors positioned themselves ahead of the upcoming Eurozone Retail Sales data release. The pair has seen more declines than gains in recent sessions, despite positive economic indicators such as BRC Like-For-Like Sales and the HCOB Composite PMI. Markets…

NEW YORK – The Swiss Franc’s long-term momentum has been putting pressure on the US Dollar, with broad-market risk-off flows influencing trading dynamics. Despite this trend, the currency pair managed to edge higher for a second consecutive session today, as traders position themselves ahead of nonfarm payroll (NFP) data that…