Forex

UK General Election To Be Held On July 4 - BBC

Investing.com - The U.S. dollar traded calmly Wednesday ahead of the release of the minutes from the last Federal Reserve meeting, while sterling gained as inflation fell by less than expected in April. 

At 04:55 ET (08:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded marginally higher at 104.600.

The dollar is struggling to move in any meaningful fashion as traders... (continue reading...)

By Saqib Iqbal Ahmed

NEW YORK (Reuters) -The dollar rose against the euro on Wednesday as investors awaited Federal Reserve meeting minutes for insight into the central bank's interest rate path, while the pound strengthened on data showing UK inflation fell in April.

Investors have been shoring up U.S. rate cut bets after a milder inflation reading last week, even as Fed officials have continued to sound a cautious note.

Fed... (continue reading...)

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...)