Investing.com – The U.S. dollar retreated in early European trade Tuesday as risk sentiment received a boost from strong tech-led gains on Wall Street, but trading ranges remained tight ahead of the Federal Reserve’s Jackson Hole symposium at the end of the week. At 03:20 ET (07:20 GMT), the ,…

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Tuesday, nearing a two-month peak touched last week, as traders awaited the Jackson Hole Symposium later in the week. The – which measures the currency against six major counterparts – was up…

By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s rupee closed at a record low of 299 rupees against the dollar in the interbank market on Tuesday following an easing in import restrictions that has lifted demand for the dollar, central bank data showed. Pakistan imposed import restrictions from 2022 to…

Investing.com — Most Asian currencies rose on Tuesday, taking some relief as the dollar retreated from two-month peaks, while government intervention helped the yuan rise despite increasing economic concerns over China. The and fell 0.1% in Asian trade, seeing some degree of profit taking this week, after uncertainty over rising…

By Siddhi Nayak, Jaspreet Kalra and Shivangi Acharya MUMBAI/NEW DELHI (Reuters) – India’s central bank is nudging local banks to ask their clients to settle trade between the United Arab Emirates and India using the dirham (AED) or Indian rupee (INR) to reduce U.S.-dollar-based transactions, five sources told Reuters. The…

LONDON (Reuters) – Japan’s threshold for currency market intervention on the yen is likely to be around 150 per dollar, investment bank JPMorgan (NYSE:)’s analysts said on Monday. “We think that the MoF (Ministry of Finance Japan) will not intervene in the FX market at around (the) 145 level. Our…

Investing.com – The U.S. dollar edged higher in early European trade Monday, helped by deteriorating risk sentiment after the small Chinese rate cut, as traders await the Federal Reserve’s Jackson Hole symposium at the end of the week for a guide on future U.S. rates moves. At 03:10 ET (07:10…

SHANGHAI (Reuters) – China’s major state-owned banks were seen actively mopping up liquidity on Monday, three people with knowledge of the matter said, a move that raised the cost of shorting the Chinese currency. State banks often act as agents for China’s central bank in the offshore foreign exchange market,…

Investing.com– Most Asian currencies fell on Monday, with China’s yuan leading losses after a smaller-than-expected cut from the People’s Bank, while anticipation of more U.S. monetary policy cues kept the dollar steady. The yuan was among the worst performers for the day after the PBOC disappointed markets with cuts to…

ANKARA (Reuters) -Turkey’s central bank began rolling back on Sunday a growing and costly scheme that protects lira deposits from FX depreciation, marking another move toward more orthodox policies following a shift toward interest rate hikes. The central bank said in the early hours on Sunday that it lifted targets…