Investing.com– Most Asian currencies moved little on Monday as markets weighed hawkish yet somewhat reiterative comments on monetary policy from the Federal Reserve, while the dollar retained recent gains and came close to a three-month high. Fed Chair Jerome Powell on Friday warned that U.S. interest rates could still rise…

By Rachel Savage and Karin Strohecker JOHANNESBURG/LONDON (Reuters) – The expansion of the BRICS group of developing countries could provide a lifeline to capital-starved new entrants Iran and Argentina, but investors and analysts say a broader economic boon for the bloc’s members is far from certain. Leaders of the BRICS…

SHANGHAI (Reuters) -China’s central bank has stepped up efforts to support the yuan currency this week in the wake of renewed downside pressure amid Beijing’s underwhelming measures to stabilise a faltering economy and widening yield differentials with the United States. The People’s Bank of China (PBOC) has asked some domestic…

SHANGHAI/BEIJING (Reuters) -China’s central bank has asked domestic lenders to scale back outward bond investments according to two sources with direct knowledge of the matter, the latest in series of increasingly strong steps to support the yuan. The directive, issued this week, is for banks to restrict southbound purchases under…

Investing.com – The U.S. dollar rose in early European trade Friday, climbing to a two-month high as traders positioned for hawkish comments from Federal Reserve Chair Jerome Powell at Jackson Hole. At 03:15 ET (07:15 GMT), the , which tracks the greenback against a basket of six other currencies, traded…

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged up against a basket of currencies on Friday, after Federal Reserve Chair Jerome Powell said the Fed may need to raise interest rates further to ensure inflation is contained. Powell, in a speech at an economic summit in Jackson…

By Ankur Banerjee SINGAPORE (Reuters) – A spurt in the U.S. dollar and China’s defence of the yuan are forcing Asian central banks to step up interventions in their weakening currencies, and one clear casualty is their desire to slowly ease monetary policy to shore up cooling economic growth. Central…

A look at the day ahead in U.S. and global markets from Mike Dolan Hopes for a late August bloom in world markets were put on hold as investors hunkered down for a sobering assessment of the long-term interest rate trajectory from the Federal Reserve boss later on Friday -…

Investing.com — Most Asian currencies fell on Friday, while the dollar surged to two-month peaks as markets hunkered down ahead of more signals on monetary policy from the Jackson Hole Symposium. The greenback saw strong overnight gains, while Treasury yields also moved back towards multi-decade highs as data showed continued…

By Rachel Savage JOHANNESBURG (Reuters) -Brazil’s President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations. Luiz Inacio Lula da Silva made the proposal at a BRICS summit…