The Euro (EUR) experienced its worst trading day since July on Thursday, as the European Central Bank (ECB) signaled the potential end of its rate hike cycle. The pair is set to close in the red for the ninth consecutive week, falling into the sub-1.0640 region, marking a six-month low…

The euro fell to its lowest level in over five months against the dollar on Thursday, as the European Central Bank’s (ECB) recent interest rate hike led market participants to believe it could be the last of its kind. The common currency slipped below $1.066 after the ECB’s announcement and…

By Lucy Craymer WELLINGTON (Reuters) – New Zealand banks on Friday said they would introduce new steps to counter scams targeted at its customers including establishing a national Anti-Scam centre, combining resources to combat money laundering and increasing public awareness. Roger Beaumont, chief executive of the New Zealand Banking Association,…

The U.S. dollar retained its gains against peers on Friday, following strong U.S. economic data and a rate hike by the European Central Bank (ECB). The currency’s strengthening came in response to higher-than-expected U.S. retail sales and an ECB decision that prompted a drop in European yields. U.S. retail sales…

By Brigid Riley TOKYO (Reuters) – The dollar held steady in Asia on Friday, edging off slightly from overnight gains against peers, as the yuan strengthened in the wake of some market-beating economic data out of China. The dollar jumped overnight after U.S. retail sales received a boost from higher…

Investing.com – The U.S. dollar edged lower in early European trade Thursday after U.S. inflation release, while the euro climbed from recent lows ahead of the European Central Bank’s eagerly-awaited rate-setting meeting.  At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other…

In a significant move aimed at bolstering the lira, Turkey has increased the cost for banks to provide short-term deposits, a policy change that forms part of a $124 billion government-backed lira savings program. The new regulation was issued by the central bank and published in the Official Gazette on…

The People’s Bank of China (PBOC) plans to issue a larger batch of bills in an effort to stabilize the weakening yuan, according to state media Financial News on Thursday. This move follows the central bank’s announcement of ramping up bill sales in Hong Kong next week. The PBOC intends…

Investing.com– Most Asian currencies kept to a tight range on Thursday, while the dollar edged lower as markets weighed stronger-than-expected inflation data against expectations that the Federal Reserve will keep rates unchanged next week.  Data on Wednesday showed that U.S. grew slightly more than expected in August, amid rising fuel…

By Maayan Lubell JERUSALEM (Reuters) – Prime Minister Benjamin Netanyahu’s camp and his political rivals have both been presented with proposals for judicial reform that could end a crisis tormenting Israel for months, the country’s president said on Wednesday. Netanyahu’s nationalist-religious coalition in January launched a campaign to overhaul Israel’s…