WASHINGTON – The US dollar experienced a notable appreciation against the Norwegian krone today, reaching a peak of 10.935, an increase of 0.80%. This movement coincides with the release of economic data that showed a mixed bag for the US job market and service sector. The latest Job Openings and…

By Hannah Lang (Reuters) -The U.S. dollar was higher against a basket of currencies on Tuesday, paring losses from a recent selloff in spite of data showing that U.S. job openings dropped in October to the lowest level since early 2021. Job openings, a measure of labor demand, fell 617,000…

WASHINGTON – The continued its upward trajectory today, reaching a two-week peak around the 104.00 mark, bolstered by a series of positive economic indicators. The American currency’s rise comes amidst a broader trend of strength for the greenback. Key economic data released today highlighted a mixed picture of the US…

LONDON – The Euro dipped below the crucial 1.0800 mark against the Dollar today, as a shift towards safer assets was triggered by Moody’s (NYSE:) downgrade of China’s credit rating. This event has heightened risk aversion among traders, leading to the Euro’s decline against the Dollar for the fifth consecutive…

By Vuyani Ndaba and Devayani Sathyan JOHANNESBURG/BENGALURU (Reuters) – Most emerging market currencies will recover 2023 losses and trade modestly higher against the dollar next year as bets on interest rate cuts from the U.S. Federal Reserve increase, a Reuters poll found. A fall in the U.S. dollar last month…

By Hari Kishan BENGALURU (Reuters) – The dollar will loosen its grip on other G10 currencies in 2024, with a dimmer outlook for the currency as the U.S. Federal Reserve was expected to start cutting interest rates next year, a Reuters poll of FX strategists found. Dominating currency markets since…

SHANGHAI (Reuters) -China’s major state-owned banks were selling U.S. dollars in the onshore spot foreign exchange market for a second day on Wednesday to support the yuan currency, three sources with knowledge of the matter said. The yuan has come under renewed depreciation pressure after rating agency Moody’s (NYSE:) on…

Investing.com– Most Asian currencies rose slightly on Wednesday as weak U.S. labor data spurred continued bets on early interest rate cuts by the Federal Reserve, helping investors look past persistent concerns over China’s economy. showed U.S. job openings declined in October, pushing up hopes for a prolonged cooling in the…

TOKYO – The currency pair showcased resilience in Asian session on Wednesday, stabilizing above its three-month lows in the mid-147 range. This steadiness comes as US Treasury yields experience slight increases and the Bank of Japan’s (BoJ) Deputy Governor Ryozo Himino maintains a dovish stance, emphasizing the continuation of easy…

Investing.com – The U.S. dollar edged lower in early European trade Wednesday, but remained near a two-week high, ahead of key employment data, while the euro headed lower after weak German factory orders. At 04:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against a basket of six…