Forex
EUR/USD appears stuck in a rather small trading range, as some recovery in the dollar was primarily driven by the underperforming AUD, NZD and JPY yesterday, while the likes of EUR, CAD and NOK held stable, said ING FX Strategist Francesco Pesole.
"The Swedish krona started the week on a stronger foot after Riksbank Governor Erik Thedeen said that a rate cut in June was not on the table, pouring cold water on easing expectations (now only 30%) after April inflation came... (continue reading...)
Investing.com-- Most Asian currencies weakened on Tuesday, while the dollar firmed slightly as traders awaited more cues on U.S. interest rates from the Federal Reserve.
Weakness in the Japanese yen persisted, with the currency moving back towards levels that had last attracted currency market intervention by the government.
Waning optimism over China also factored into markets, as traders waited to see how Beijing would roll out its recently unveiled stimulus... (continue reading...)
Investing.com - The U.S. dollar traded in a tight range Tuesday, steadying as traders looked for new clues over the expected timing and extent of Federal Reserve rate cuts this year.
At 04:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely unchanged at 104.475.
Dollar range bound ahead of Fed speakersThe dollar is basically steady Tuesday, but has drifted higher so far this week after several Fed... (continue reading...)
By Gertrude Chavez-Dreyfuss and Stefano Rebaudo
NEW YORK/MILAN (Reuters) - The U.S. dollar slipped against the yen on Tuesday in a choppy session, after Federal Reserve Governor Christopher Waller reiterated that rate hikes are unlikely at this point since inflation looks like it is on its way to meeting the central bank's 2% target.
Against other currencies, the greenback was mostly flat ahead of the U.S. Memorial Day holiday next week,... (continue reading...)
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...)
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