Investing.com — Most Asian currencies rose on Thursday as a rebound in the dollar paused, while the Chinese yuan shot up amid reports of government intervention to support the battered currency. The surged 0.7%, with a stating that China’s biggest state-owned banks were seen selling dollars for yuan in the…

By Amanda Cooper and Dhara Ranasinghe LONDON (Reuters) -Evidence that Britain’s red-hot inflation is finally cooling has knocked the wind out of sterling, which had been riding high as this year’s best-performing currency in the Group of Seven (G7) developed economies just a day ago. The pound was headed for…

Investing.com – The U.S. dollar edged lower in early European hours Thursday as its rebound stalled, while the Australian dollar bounced on strong employment data and sterling remained weak. At 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower…

By Rachel Savage and Carien du Plessis JOHANNESBURG (Reuters) – A BRICS currency will not be on the agenda of the bloc’s summit in South Africa next month, but Brazil, Russia, India, China and South Africa will continue to switch away from the U.S. dollar, South Africa’s senior BRICS diplomat…

By Karen Brettell NEW YORK (Reuters) – The dollar gained against a basket of currencies on Thursday after data showed that the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, boosting expectations the Federal Reserve may continue hiking interest rates if the economy remains strong.…

Investing.com — Japanese consumer inflation rose slightly less than expected in June, data showed on Friday, amid easing energy costs, although core inflation and a key Bank of Japan indicator remained sticky. grew 3.3% in June, less than expectations for growth of 3.5%, but slightly above the prior month’s reading…

BEIJING (Reuters) – China’s foreign exchange regulator said on Friday it will comprehensively use policy measures to stabilise market expectations, at a time when the yuan currency faces renewed downside pressure. China’s currency has lost about 4% to the dollar this year, one of the worst performing Asian currencies, pressured…

Investing.com — Most Asian currencies moved little on Friday, while the dollar steadied from recent gains as more stimulus measures in China did little to improve sentiment amid concerns over rising interest rates and a worsening economic outlook.  The dollar recovered sharply from 15-month lows this week as traders pivoted…

Investing.com – The U.S. dollar edged lower in early European hours Friday, consolidating after the previous session’s strong gains, with traders wary ahead of next week’s Federal Reserve meeting. At 03:00 ET (07:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower…

A look at the day ahead in U.S. and global markets from Mike Dolan As markets blew the froth off this year’s extraordinary rally in Big Tech stocks on Thursday, the dollar clocked its best day – and likely its best week – for more than two months. After the…