Asian stocks scaled 19-month peaks on Wednesday thanks to a record-setting night on Wall Street after Federal Reserve Chair Janet Yellen flagged a possible interest rate hike next month, keeping the dollar in pole position near three-week highs.
In today's session, we took a look at the precarious spot the US Dollar Index (DXY) sits. GBPUSD may have finally broke the recent price action shackles and headed higher, while EURUSD is trying to lift from support.
HONG KONG—The dollar came under more pressure Friday and Asian markets saw fresh losses after Treasury Secretary Steven Mnuchin lowered US growth expectations and appeared to temper Donald Trump's belligerence toward China's currency policy.
The U.S. dollar fell against its major rivals on Thursday, with politics still a major driver as investors awaited more detail on tax-policy plans from the Trump White House and remained cautious about the prospect of a trade war.
The Canadian dollar notched a one-week high against its U.S. counterpart on Friday after data showed a spike in domestic inflation, but some gains were pared ahead of a Bank of Canada interest rate decision next week.
Asian shares inched to 19-month highs on Tuesday as the potential for economic stimulus in the United States lifted the dollar, bond yields and Wall Street stocks. The dollar was also bolstered by speculation the head of the Federal Reserve would ...
Investors who are bullish on the US dollar benefit when the value increases compared to a broad basket of currencies. Consumers are expecting the US dollar to strengthen as its runs parallel with economic improvements. A strong appetite for equities ...