969 days ago
As traders positioned for an earlier reduction of Federal Reserve support, the dollar rose against key peers, reaching a four-month high against the euro. It strengthened as far as $1.1742 to the single currency, extending a 0.6% pop from Friday. The dollar index, which compares the US currency to six other currencies, hit a two-week high of 92.915. Source: Reuters
972 days ago
Emerging-market currencies are making a comeback, but policymakers are hampering it, with central banks in Asia and Turkey under pressure to cut rates while their neighbors tighten to tackle growing inflation. The Philippine peso and Thai baht led declines in the developing world as the spread of the delta strain fueled speculation for monetary easing. In Turkey, the currency has been on a three-day decline for the first time since June. Source: Bloomberg
974 days ago
The euro-franc pair has “tracked the move lower in European real yields very closely, as the SNB has not intervened in FX markets to counter the CHF appreciation trend,” Morgan Stanley strategists including John Kalamaras said. “Overall, the market seems under-positioned for a move lower in the franc if U.S. and global yields start moving higher again.”
990 days ago
The Australian dollar, the Canadian dollar and Britain's pound retreated, while the dollar gained as investors doubts over the reflation trade are growing. Sterling hit a 3-month low against the dollar of $1.3712. The Canadian dollar hit its lowest at C$1.207 against the U.S dollar. Source: Reuters
