Forex
Canada Loses 17.3k Jobs In May; Unemployment Rises To 5.2% - Bloomberg
Investing.com - The U.S. dollar edged higher in early European trade Friday, rebounding after the previous session’s sharp losses as traders sought out a safe haven after weak Chinese inflation data.
At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 103.358, having lost more than 0.7% in the previous session, its largest daily decline in weeks.
Safe haven dollar receives boost from... (continue reading...)By Karen Brettell
NEW YORK (Reuters) - The dollar bounced off two-week lows on Friday as investors awaited inflation data and the Federal Reserve’s interest rate decision next week for any new clues on how high the U.S. central bank is likely to hike rates.
The Fed is expected to hold rates steady at the conclusion of its June 13-14 meeting, but is likely to also maintain a hawkish tone and indicate that a hike is likely in July as... (continue reading...)
Citigroup (C) Said To Dismantle FX Strat. Team At CitiFX, Cut Some Roles - Bloomberg
Investing.com - The U.S. dollar edged lower in early European trade Thursday, but remained near its recent two-month high with traders anticipating next week’s U.S. Federal Reserve’s policy-setting meeting.
At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 104.002, just below the 2-month peak of 104.70 seen last week.
One more hike by the Fed?The U.S. central bank is widely expected... (continue reading...)
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