SHANGHAI/HONG KONG (Reuters) – Chinese investors are rushing offshore to make dollar deposits and buy Hong Kong insurance in a signal domestic confidence is languishing and that the ailing yuan faces more pressure. The outflows highlight deep-seated concern about the state of China’s economy as its much-awaited pandemic recovery stalls.…

By Shaloo Shrivastava and Anant Chandak BENGALURU (Reuters) – The rupee will hold on to its recent gains against the dollar in coming months and strengthen marginally in a year, on strong macroeconomic trends and expectations the U.S. Federal Reserve is nearing the end of its hiking cycle, a Reuters…

By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s currency will likely enjoy some support in the near term from faster economic growth and progress on reforms, despite the prospect of less favorable interest rate spreads ahead, a Reuters poll showed. The real appreciated last month to its firmest level in…

By Herbert Lash NEW YORK (Reuters) -The dollar eased after a brief rebound on Thursday as data showing the U.S. labor market remains strong increased chances the Federal Reserve will raise interest rates later this month. Private payrolls surged in June in the biggest rise since February 2022, an ADP…

Investing.com — Most Asian currencies moved little on Friday as markets sought more cues on U.S. interest rate hikes, while the Chinese yuan and Japanese yen were supported by speculation over government intervention in currency markets. A stronger-than-expected reading on spurred steep losses in Asian currencies on Thursday, while the…

Investing.com – The U.S. dollar retreated in early European hours Friday, but is still on course for small gains this week after robust labor data, with the monthly payrolls report still to come, raised the prospect of higher-for-longer Federal Reserve interest rates. At 03:55 ET (07:55 GMT), the , which…

By Marc Jones LONDON (Reuters) – The central bankers’ central bank, the Bank for International Settlements (BIS), has laid out a seven-point plan designed to help countries prevent cyber hacks on the new wave of digital national currencies under development. Around 130 countries are now exploring central bank digital currencies…

By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -The dollar slumped on Friday after signs of a less resilient U.S. labor market reduced the outlook for how long the Federal Reserves will keep interest rates higher, while the yen surged on concerns the 10-year Treasury’s yield rose above 4%.…

Investing.com — Most Asian currencies retreated on Wednesday amid more weak economic indicators, while the dollar firmed as markets awaited more cues on U.S. monetary policy from the minutes of the Federal Reserve’s June meeting. Softer-than-expected service sector readings from China, Japan, and Australia dented appetite for risk-exposed assets, as…

Investing.com – The U.S. dollar edged higher in early European hours Wednesday as weak Chinese activity data hit risk sentiment ahead of the release of minutes from the Federal Reserve’s latest meeting. At 02:50 ET (06:50 GMT), the , which tracks the greenback against a basket of six other currencies,…