By Brigid Riley TOKYO (Reuters) – The dollar remained firm against a basket of peers on Wednesday ahead of a much-anticipated rate decision by the Federal Reserve later in the day, while the yen continued to hang close to a 10-month low. The , which measures the greenback against a…

The pair is experiencing significant selling pressure this Tuesday as the US Dollar weakens ahead of the Federal Reserve’s interest rate decision. Meanwhile, Statistics Canada reports that the headline Consumer Price Index (CPI) expanded at a pace of 0.4%, higher than expectations of 0.2%. The annual headline inflation has also…

NEW YORK (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday whether Washington would show understanding over another yen-buying intervention by Japan “depends on the details” of the situation. “We usually communicate with them about these interventions and generally understand the need to smooth out following undue volatility, but…

By Tetsushi Kajimoto TOKYO (Reuters) -Japanese authorities are always in close communication with U.S. counterparts on currencies and share a mutual understanding that excessive volatility is undesirable, Tokyo’s top foreign exchange official said on Wednesday. Masato Kanda, vice minister of finance for international affairs, speaking to reporters at his office,…

China’s economy is currently grappling with a significant capital outflow, the largest it has seen in years. This situation is causing major distress to its already struggling currency, the yuan, and is raising alarm among authorities as it threatens to worsen the country’s economic challenges. The yuan is facing pressure…

Investing.com – The U.S. dollar traded largely unchanged in early European trade Tuesday, drifting ahead of the start of the latest two-day Federal Reserve policy meeting, the highlight of several key central bank rate decisions this week. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against…

By Rae Wee and Amanda Cooper LONDON/SINGAPORE (Reuters) – The euro got a lift on Tuesday from a report that indicated the European Central Bank may soon start discussing how to drain some of the excess liquidity in the banking system, while the yen wallowed near 10-month lows against the…

By Seunggyu Lim, Cynthia Kim and Jihoon Lee SEOUL (Reuters) – South Korea is reviewing measures to limit currency and swap traders’ tenure in local dealing rooms to three to five years, starting as early as next year, two sources with direct knowledge of the matter told Reuters on Friday.…

By Alexander Marrow (Reuters) -The rouble strengthened on Friday but gave up some intraday gains after the Bank of Russia raised interest rates to 13%, a move anticipated by the market as the country battles inflationary pressures exacerbated by its weak currency. The central bank had hiked rates by 350…

BEIJING (Reuters) -China’s yuan will stabilise after improvements in recent economic data and the bottoming out of domestic prices, state-owned media said on Monday. China’s falling interest rates have effectively stimulated market demand and supported the economic recovery, the Financial News, a publication backed by the People’s Bank of China…