Investing.com– Most Asian currencies kept to a flat-to-low range on Thursday, while uncertainty over the Federal Reserve’s plans for interest rate cuts in 2024 saw the dollar rebound to a three-week high.  The provided little clarity on the bank’s plans for rate cuts this year, which further unsettled risk appetite…

Investing.com – The U.S. dollar retreated from the previous session’s three-week peak in early European trade Thursday as traders digested the minutes of the Federal Reserve’s December meeting ahead of weekly jobless data. At 04:20 ET (09:20 GMT), the Dollar Index, which tracks the greenback against a basket of six…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose against most currencies on Thursday in choppy trading, bolstered by better-than-expected U.S. labor market data that dampened expectations of multiple interest rate cuts by the Federal Reserve this year. A crucial nonfarm payrolls report due on Friday could guide the outlook…

By Hari Kishan BENGALURU (Reuters) – The U.S. dollar’s recent slide appears to be short-lived as some speculators have already reduced bets for aggressive Federal Reserve interest rate cuts this year, according to a Reuters poll of strategists who still say it will be weaker in a year. Market expectations…

By Devayani Sathyan BENGALURU (Reuters) – Most emerging-market currencies are set to regain their recent strength later this year after some near-term paralysis as expectations of interest-rate cuts by the U.S. Federal Reserve keep the dollar in check, a Reuters poll found. These currencies have popped higher in the past…

Investing.com– Most Asian currencies moved in a flat-to-low range on Friday, while the dollar hovered near three-week highs as markets awaited key U.S. labor data for more cues on the Federal Reserve’s plans for interest rate cuts.  Regional currencies were set for steep losses in the first week of 2024,…

SHANGHAI (Reuters) – China’s yuan eased against the dollar on Friday, as a widening yield spread and balance sheet policy divergences between the U.S. and China remained short-term headwinds for the yuan. The yield gap between China’s 10-year government bonds and its U.S. counterparts has widened by 24 basis points…

SHANGHAI/BEIJING (Reuters) – China’s major state-owned banks were active in onshore and offshore foreign exchange markets this week trying to contain the yuan’s slide, four people with direct knowledge of the matter said. The state banks were seen swapping yuan for U.S. dollars in the onshore swap market before quickly…

Investing.com – The U.S. dollar gained in early European trade Friday, on course for its strongest week since July ahead of the release of the widely-watched monthly official jobs report. At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded…

By Fergal Smith TORONTO (Reuters) – The Canadian dollar is expected to trade at stronger levels than previously thought over the coming months and year if the U.S. Federal Reserve pivots to cutting interest rates before the Bank of Canada, a Reuters poll found. In 2023 the currency notched a…