By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar crashed to its lowest in more than a year on Wednesday after data showed the rise in U.S. consumer prices moderated in June, suggesting the Federal Reserve may have to raise interest rates only one more time this year. The dropped…

Investing.com — Most Asian currencies strengthened on Thursday, while the dollar languished at 15-month lows after weaker-than-expected U.S. inflation data spurred bets that the Federal Reserve was close to hitting peak interest rates. U.S. also dropped after the weak inflation reading, as the data, coupled with signs of a cooling…

Investing.com – The U.S. dollar drifted lower in early European hours Thursday, continuing to fall after softer-than-expected U.S. inflation raised expectations of an early end to the Federal Reserve’s monetary tightening. At 03:55 ET (07:55 GMT), the , which tracks the greenback against a basket of six other currencies, traded…

By Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON (Reuters) – The dollar slumped to its lowest since April 2022 on Thursday, as cooling U.S. inflation bolstered expectations that the Federal Reserve would hike interest rates just one more time this year, eroding the greenback’s yield advantage over peers. Against a…

SHANGHAI/SINGAPORE (Reuters) – Foreign investors were net purchasers of bonds in June, while expectations in China’s foreign exchange market remain stable and cross-border capital flows are basically balanced, a state media commentary said late Wednesday. The remarks by Financial News, a publication backed by the People’s Bank of China (PBOC),…

By Indradip Ghosh and Shaloo Shrivastava BENGALURU (Reuters) – The U.S. dollar will hold its ground against most major currencies for the rest of the year despite expectations of narrowing interest rate differentials as the U.S. economy stays resilient, according to FX strategists polled by Reuters. Although the greenback is…

Investing.com — Most Asian currencies fell on Thursday, while the dollar held recent gains as the minutes of the Federal Reserve’s June meeting showed that policymakers supported more rate hikes this year. The showed that almost all members of the central bank supported more rate hikes in the coming months,…

By Vuyani Ndaba JOHANNESBURG (Reuters) – Emerging market currencies will hold on to gains into next year provided their respective central banks hold or only moderately prune already-high interest rates that have boosted carry trades, a Reuters poll found on Thursday. The June 30-July 5 poll of 52 currency strategists…

By Jason Hovet and Alan Charlish WARSAW/PRAGUE (Reuters) – Central European currencies are expected to weaken over the next 12 months with the taking the biggest hit, a Reuters poll showed, as higher inflation compared to the euro zone and the prospect of interest rate cuts weigh. The region’s currencies…

Investing.com – The U.S. dollar edged lower in early European hours Thursday, handing back some of its overnight gains after the minutes from the Federal Reserve’s last meeting pointed to another rate hike later this month. At 02:55 ET (06:55 GMT), the , which tracks the greenback against a basket…