Investing.com – The U.S. dollar edged lower in early European trade Monday, but remained near six-month highs as traders cautiously awaited several key central bank rate decisions this week, most notably from the Federal Reserve. At 03:05 ET (07:05 GMT), the Dollar Index, which tracks the greenback against a basket…

By Jamie McGeever ORLANDO, Florida (Reuters) -Hedge funds cut their net short dollar position by nearly $5 billion last week, according to the latest U.S. futures markets data, the biggest swing towards a more bullish dollar stance since May last year. The move away from a bearish dollar position and…

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar held steady against a basket of currencies on Monday, hovering near a six-month high as traders looked ahead to interest rate decisions this week from the Federal Reserve, the Bank of England and the Bank of Japan. Currency moves were…

Investing.com– Most Asian currencies fell on Monday, while the dollar steadied near six-month highs as markets hunkered down before several key central bank rate decisions this week, most notably the Federal Reserve. Lingering concerns over China, particularly the country’s struggling property market, also kept broader sentiment subdued. Chinese police detained…

Investing.com– Most Asian currencies rose on Friday as more stimulus measures and positive economic readings from China helped boost risk appetite, while the dollar traded near six-month highs. China announced another cut to its reserve requirements for local banks, unlocking more liquidity to support a slowing economic recovery. and data…

The currency pair has been climbing for the second consecutive day, reaching a nearly two-week high during Friday’s Asian trading session. The pair’s increase is largely attributed to optimism over additional stimulus from China and positive Chinese economic data. China’s National Bureau of Statistics (NBS) reported that the country’s August…

Investing.com – The U.S. dollar retreated in early European trade Friday, while the euro rebounded from multi-month lows after the European Central Bank’s latest meeting signaled the rate hike will be its last.  At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six…

The Nigerian Naira has continued to depreciate against major currencies, with the exchange rate for a dollar reaching N950 at the Lagos Parallel Market on Friday, September 15, 2023. The Naira also saw depreciation against the British Pound and the Euro, going from N1190/£1 to N1210/£1 and from N995/€1 to…

The Central Bank of Kenya (CBK) has imposed a limit on the amount of U.S. dollars that money remittance firms can sell to customers each day, in an attempt to regulate the market amid declining forex reserves. The directive, which was implemented on Thursday, restricts these firms to transactions of…

By Horacio Soria and Juan Bustamante LA PLATA, Argentina (Reuters) – Wielding a chainsaw above his head in the Argentine city of La Plata this week, radical presidential front-runner Javier Milei riled up thousands of supporters angry with 124% inflation and a painful cost-of-living crisis. The economist and TV pundit…