By Alexander Marrow (Reuters) – The Russian rouble tumbled over 2% to a more than 16-month low past 94 against the dollar on Wednesday, pressured by political risk, falling oil prices and concerns the finance ministry may switch to foreign currency purchases this month. By 1609 GMT, the rouble was…

By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) -The dollar rose on Wednesday as investors shrugged off Fitch’s U.S. credit rating downgrade while data showing a larger-than-expected increase in private payrolls in July bolstered the greenback as it points to labor market resilience. Private payrolls rose by 324,000 jobs…

By Indradip Ghosh BENGALURU (Reuters) – The U.S. dollar will hold its ground against most major currencies over the coming three months as a resilient domestic economy bolsters expectations interest rates will remain higher for longer, according to FX strategists polled by Reuters. Despite net short dollar positions hitting their…

By Milounee Purohit and Anant Chandak BENGALURU (Reuters) – The Indian rupee will trade in a narrow range over the coming three months and then strengthen slightly in a year as the Reserve Bank of India uses its vast foreign exchange reserves to keep the currency stable, a Reuters poll…

Investing.com — Most Asian currencies retreated on Thursday, while the dollar rose after stronger-than-expected payrolls data helped overcome concerns over a U.S. rating downgrade by Fitch. Markets remained largely risk-averse after the Fitch move, which kept Asian units under pressure and spurred more safe haven demand for the greenback. Risk-heavy…

Investing.com – The U.S. dollar rose in early European trade Thursday, continuing the previous session’s positive tone as strong private payrolls data overshadowed Fitch’s downgrade of its U.S. sovereign rating. At 03:10 ET (07:10 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2%…

By Fergal Smith TORONTO (Reuters) – Analysts have raised their bullish forecasts on the Canadian dollar as central banks globally, including the Federal Reserve, move closer to concluding interest rate hiking campaigns, a Reuters poll showed on Thursday. The median forecast of nearly 40 currency analysts was for the to…

TOKYO (Reuters) – Japan’s Ministry of Finance (MOF) warned on Thursday of a fake account for its top currency diplomat Masato Kanda on social media X, formerly known as Twitter, as the market fears a currency intervention amid the yen’s drop to a one-month-low. In a rare English-language post on…

By Herbert Lash NEW YORK (Reuters) -The dollar slid from a four-week peak on Thursday after U.S. labor market data failed to impress a day before a key jobs report, and as Treasury yields rose but eased at the short end. Nonfarm-productivity rose to an annualized 3.7% to help curb…

Investing.com — The pound swung between gains and losses on Thursday, as the Bank of England returned to a slower pace of rate hikes, but further joy for sterling bears relies on a bumpy ride for risk assets and an ongoing climb in U.S. bond yields. was flat at $1.2703…