By Karen Brettell NEW YORK (Reuters) – The U.S. dollar edged higher against the euro on Monday, after earlier dipping to an almost 8-week low on growing expectations that the Federal Reserve is done hiking interest rates, with U.S. central bank officials in focus this week for further signals on…

Investing.com– Most Asian currencies fell on Tuesday as a warning from Federal Reserve officials and signs of more economic headwinds for China dented sentiment, while the Australian dollar tumbled after the Reserve Bank struck a seemingly dovish tone. The U.S. dollar rebounded from six-week lows, firming in Asian trade after…

Investing.com – The U.S. dollar rose in early European trade Tuesday, rebounding from recent lows, while the Australian dollar slumped after the RBA hinted at the end of its cycle of rate hikes..  At 03:25 ET (08:25 GMT), the Dollar Index, which tracks the greenback against a basket of six…

CME Group’s (NASDAQ:) spot platform, EBS, has reported a significant drop in average daily currency trading volumes, hitting a two-year low last month. The volumes reached $50.8 billion, down from nearly $75 billion at the start of 2021. This decrease in trading activity comes amidst a backdrop of stability in…

The Indian rupee’s exchange rate fell to 83.2575 against the dollar on Tuesday, reflecting the movements of other Asian currencies. All eyes are on the upcoming speeches from Federal Reserve policymakers this week for indications of future monetary policy direction. The rupee’s trading range has been restricted between 83 to…

Sberbank’s leader, Herman Gref, has projected a stable ruble exchange rate at 85-90 rubles/$1 by the end of 2023. The forecast aligns with the sentiment expressed by other economic leaders, including a note on ruble steadiness due to implemented stability measures. Gref attributes the anticipated steadiness to a presidential decree…

The pair experienced a decline in the American session on Tuesday, stagnating near the 1.0700 benchmark due to diminished buyer interest. The pair had started strong but weakened as the USD rebounded, bolstered by a 1.5% rise in the benchmark 10-year US Treasury bond yield after a sharp drop. The…

On Tuesday, the Pakistani Rupee experienced depreciation against the US Dollar and the European Euro in both interbank trading and open market rates, as reported by the Foreign Exchange Association of Pakistan (FAP) and the State Bank of Pakistan (SBP). The Rupee closed at Rs 286.39 against the Dollar in…

By Karen Brettell NEW YORK (Reuters) – The U.S. dollar gained on Tuesday as a sharp selloff last week was seen as overdone in the short term, while the euro was dented by weak German data and the Australian dollar slid after the country’s central bank raised interest rates but…

SEOUL (Reuters) – South Korea’s foreign exchange authority on Wednesday said it will open its currency market to global traders and extend trading hours, and that it will adopt rules to ensure reform does not lead to discrepancy in pricing. Asia’s fourth-largest economy will open its U.S. dollar-won market to…