Investing.com– Most Asian currencies nursed steep losses on Wednesday, while the dollar hovered near three-month highs after stronger-than-expected U.S. inflation data brewed more fears that the Federal Reserve will keep interest rates higher for longer.  The was the worst-hit by this trade, as recent dovish signals from the Bank of…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar slid from a fresh three-month high against a major currency basket on Wednesday, as investors consolidated gains following the previous session’s hotter-than-expected U.S. inflation report. The inflation data for January pushed back bets on a first Federal Reserve rate cut to the…

Investing.com– Most Asian currencies moved little on Thursday as mild consolidation in the dollar offered some relief, while the Japanese yen firmed as expectations of government intervention offset data indicating an economic recession. Regional currencies were still reeling from a hotter-than-expected U.S. inflation reading, which saw traders further scale back…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell for a second straight session on Thursday after a mixed, but overall solid batch of U.S. economic data, which is unlikely to stop the Federal Reserve from cutting interest rates by June, the first since the pandemic. The was last…

Investing.com– Most Asian currencies moved little on Friday and were set for a muted weekly performance as markets remained largely convinced that the Federal Reserve will not cut interest rates early this year. Regional currencies took little relief from overnight losses in the dollar, which fell from a three-month high…

Investing.com – The U.S. dollar edged higher in early European trade Tuesday ahead of this week’s key economic data that may provide clues on the Federal Reserve’s next moves. At 04:00 ET (09:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% higher…

By Sinéad Carew NEW YORK (Reuters) -The dollar rose on the first trading day of the year, supported by higher U.S. yields while investors waited for U.S. jobs data and European inflation numbers for clues on central banks’ policies. The , which measures the U.S. currency against six counterparts, rose…

Investing.com– Most Asian currencies nursed steep losses on Wednesday, while the dollar steadied after a sharp overnight rebound as anticipation of more cues on the Federal Reserve saw markets question expectations for early interest rate cuts.  Sentiment towards Asia also remained fragile following weak economic data from China and a…

Investing.com – The U.S. dollar steadied near two-week highs in early European trade Wednesday ahead of the release of the minutes of the Federal Reserve’s December meeting. At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at…

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar rose to a two-week high on Wednesday as investors continued to take profits on short dollar positioning amassed toward the end of last year, even as they questioned market expectations of roughly six interest rate cuts in 2024. For December, the…