By Samuel Shen and Tom Westbrook SHANGHAI/SYDNEY (Reuters) -Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy and build factories for market access and cheap labour, bolstering the Chinese currency. A gentle downtrend in foreign direct…

Investing.com — Most Asian currencies fell on Tuesday as disappointing Chinese trade figures weighed on sentiment, while the dollar advanced amid uncertainty over the Federal Reserve and anticipation of key inflation readings this week. Government data showed that both Chinese and shrank at their fastest pace since the 2020 COVID-19…

Investing.com — The U.S. dollar traded higher in early European trade Tuesday, with risk sentiment hit as disappointing Chinese trade data pointed to continued weakness in Asia’s largest economy. At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.3% higher…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar firmed across the board on Tuesday, garnering safe-haven bids, after a disappointing set of Chinese trade figures hurt the yuan and the Australian and New Zealand currencies, with European risk-sensitive currencies also sliding on the worsening global outlook. The rose…

Investing.com — The pound slipped against the dollar Tuesday as sourcing sentiment on risk assets pushed flows into the arms of the safe-haven dollar, with more pain likely ahead for the currency as some warn bets on Bank of England rate hikes are overstretched. fell 0.34% to $1.2740. “GBP is…

By Hannah Lang (Reuters) -State banks that are a member of the U.S. Federal Reserve system should obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in dollar tokens used to facilitate payments, such as stablecoins, the central bank said in a new supervisory letter Tuesday.…

By Naomi Rovnick, Alun John and Ankur Banerjee LONDON/SINGAPORE (Reuters) – The Japanese yen is on a bumpy path towards strengthening after Friday’s central bank policy change, threatening to upend the carry trade, one of this year’s most popular strategies, as the currency inevitably becomes more expensive. The BOJ kept…

MEXICO CITY (Reuters) -Mexico’s peso on Friday hit its highest level against the dollar since early December 2015, as the greenback lost steam after a slowdown in U.S. inflation bolstered the case for the Federal Reserve to end its interest rate hikes. The currency, which has been dubbed the “super…

Investing.com — Most Asian currencies fell on Monday, with the Japanese yen coming under pressure from an unscheduled bond buying operation by the Bank of Japan, while the Chinese yuan was hit by weak business activity data. A recovery in the dollar pressured most regional currencies, as the greenback rose…

Investing.com – The U.S. dollar edged higher in early European trade Monday, but is on course for a monthly loss as traders weigh up the possibility of an end to the Federal Reserve’s tightening cycle, while the Japanese yen weakened in the wake of the Bank of Japan’s monetary policy…