Forex

Investing.com - The U.S. dollar is trading in a calm fashion against the majors of late, and these narrow ranges will likely stay for a while longer, according to Goldman Sachs, with divergence having to wait.

AT 05:20 ET (09:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded unchanged at 104.330, steadying after losing around 1% last week in the wake of soft U.S. inflation data.

“We think there is only limited room... (continue reading...)

Investing.com-- Most Asian currencies weakened slightly on Monday, while the dollar steadied as traders awaited more cues on interest rates from the Federal Reserve this week. 

The Japanese yen remained fragile after reversing a bulk of its gains made on likely currency market intervention by the government earlier in May. But further losses in the yen were stymied by the potential for more intervention. 

Broader currencies weakened slightly as traders remained on... (continue reading...)

Investing.com - The U.S. dollar traded in a steady fashion Monday, at the start of a new week that is set to provide more clues over the future path of U.S. interest rates. 

At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded marginally higher at 104.355, marginally above a five-week low seen earlier this week.

The dollar was hit last week after a... (continue reading...)

By Saqib Iqbal Ahmed

NEW YORK (Reuters) -The dollar was firm against the euro on Monday as investors awaited further clues to help them figure out the path of U.S. interest rates in the wake of cautious comments from Federal Reserve officials, even as inflation showed signs of cooling.

Atlanta Fed President Raphael Bostic said on Monday it will take a while for the U.S. central bank to be confident that inflation is on track back to the... (continue reading...)

By Fergal Smith

TORONTO (Reuters) - The Bank of Canada would be willing to cut interest rates three times ahead of the Federal Reserve's first move before a declining currency threatens to endanger the inflation outlook, the median estimate of seven analysts in a straw poll showed.

A weaker Canadian dollar versus the greenback this year has sparked debate among investors about how much the BoC would be prepared to diverge from its U.S.... (continue reading...)