By Ebru Tuncay and Can Sezer ISTANBUL (Reuters) – Turkish depositors mostly converted funds back to dollars last month when they withdrew from state depreciation-protected accounts, according to initial data and senior bankers, as Ankara begins winding down the scheme in a broad policy U-turn. Since President Tayyip Erdogan won…

Investing.com – The U.S. dollar gained in early European trade Tuesday, as traders turned to this safe haven after disappointing Chinese services activity hit risk-taking sentiment.  At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% higher at 104.382,…

By Alun John and Brigid Riley TOKYO/LONDON (Reuters) – Jitters about global growth, particularly in China, caused the safe-haven U.S. dollar to hit multi-month highs on the Japanese yen, euro and pound on Tuesday and sent the dollar down over 1.5% as the Reserve Bank of Australia kept rates steady.…

By Marc Jones, Eliana Raszewski and Rodrigo Campos LONDON/BUENOS AIRES/NEW YORK (Reuters) – María Barro, a 65-year-old domestic worker in Buenos Aires, buys a few dollars each month with her peso salary, a hedge against Argentina’s persistent inflation now running at over 100% and a steady devaluation of the little-loved…

Investing.com– Most Asian currencies fell on Tuesday as Chinese service sector data pointed to more headwinds for the region’s largest economy, while the Australian dollar fell sharply after the Reserve Bank kept rates steady, as expected. The U.S. dollar steadied near three-month highs before a slew of Federal Reserve speakers…

Investing.com – The U.S. dollar edged lower in early European trade Monday, in thin holiday-affected volumes as traders continued to digest last week’s mixed U.S. jobs report and the possible impact on thinking at the Federal Reserve ahead of this month’s policy-setting meeting.  At 02:55 ET (06:55 GMT), the Dollar…

Investing.com– Most Asian currencies kept to a tight range on Monday, while the dollar fell slightly as mixed U.S. jobs data cemented bets that the Federal Reserve will keep rates steady this month, with focus now turning to more economic cues from China. While data released on Friday read more…

By Ankur Banerjee SINGAPORE (Reuters) – The dollar drifted in cautious trading on Monday as investors weighed U.S. jobs data that showed some signs of cooling, boosting expectations that the Federal Reserve was likely at the end of its monetary tightening cycle. Against a basket of currencies, the dollar inched…

SHANGHAI/SINGAPORE (Reuters) -China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this year, a move seen aimed at slowing the pace of recent yuan declines. The People’s Bank of China (PBOC) said it would…

By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Friday that currencies should be set by markets although sudden moves are undesirable, while signalling no clear sign of intervening in the market to shore up the weak yen, which is driving up import bills. “Currencies should reflect…