Forex

FRANKFURT (Reuters) -Euro zone inflation remains on track to fall back to 2% next year, so European Central Bank policymakers will likely start cutting interest rates from a record high in June, the account of their April meeting showed on Friday.

The ECB left interest rates unchanged last month but made clear that its next move will be a cut, most likely on June 6, provided wage and inflation data stay on their current, relatively benign path.

Investing.com - The U.S. dollar steadied Friday after losing ground the previous session on weak jobs data, while the pound gained in the wake of stronger-than-expected growth numbers.

At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded just higher at 105.115.

The dollar steadied Friday, and is course for minor gains this week after losses on Thursday following... (continue reading...)

Investing.com-- Most Asian currencies moved little on Friday as the dollar steadied from overnight declines, with focus turning squarely towards key U.S. inflation data due next week, which is likely to provide more cues on interest rates.

The Chinese yuan declined, as did currencies with trade exposure to China after multiple reports said that the U.S. was preparing more trade tariffs on Beijing. 

Regional currencies took little support from an overnight decline in... (continue reading...)

By Harry Robertson and Vidya Ranganathan

LONDON/SINGAPORE (Reuters) - The dollar steadied on Friday after losing ground overnight on the back of U.S. data showing further signs of a cooling labour market, while the yen dipped as investors pushed back after suspected intervention last week.

Against the yen, the dollar was trading at 155.73 yen, up 0.17% but unable to reclaim Thursday's 155.95 high.

The euro stood at... (continue reading...)

Investing.com - The yen is struggling to hold onto any gains against the U.S. dollar, even after last week’s official intervention, but UBS still sees the potential for a medium term decline in the USD/JPY pair.

At 10:30 ET (14:30 GMT), USD/JPY traded 0.1% higher at ¥155.64, just below the ¥160 level seen last week - the yen’s weakest level against the dollar in 34 years.

This weakness comes despite Japanese authorities spending what’s believed to be some $60... (continue reading...)