1101 days ago
The yen traded down 0.1% at 109.99 per dollar, around the weakest in a year. The offshore yuan was at 6.5767 per dollar. The Bloomberg Dollar Spot Index was steady. The euro was at $1.1761.
1102 days ago
Premature rate cut coming soon?
1105 days ago
The dollar is close to breaching the 200-day moving average and while the dollar fell it remained on course for its best week in three.
1105 days ago
An army of bullish technical indicators is assembling to put King Dollar back on the throne. In the accompanying chart I've shown four of them, starting with the Bloomberg Dollar Spot Index's clear breakout of its year-long downtrend from last March.
1106 days ago
The Swiss National Bank kept interest rates at record lows and pledged to continue its policy of foreign-exchange interventions as the economy remains vulnerable due to the pandemic. Officials led by President Thomas Jordan reiterated that the franc is “highly valued,” and also kept both the policy rate and deposit rate at -0.75%, as predicted by economists. Although the currency’s drop to a 20-month low against the euro in recent weeks has given officials some respite, inflationary pressures remain weak and the slow deployment of Covid-19 vaccinations is crimping economic activity.
