Forex

Japan's Yen Falls To Weakest In Almost 16 Years Versus Pound - Bloomberg May 28, 2024 10:15AM

Japan's Yen Falls To Weakest In Almost 16 Years Versus Pound - Bloomberg

BCA Research: The dollar has diverged from global growth May 28, 2024 09:41AM

BCA Research has observed a divergence between the US dollar's performance and global growth trends.

Traditionally, the dollar moves inversely to global growth, as capital flows from the US to the rest of the world during periods of global economic acceleration, increasing demand for foreign currencies and decreasing demand for the dollar.

However, the firm notes that this typical relationship has not held this year. Despite a revival in the global manufacturing cycle... (continue reading...)

Dollar slips lower ahead of core PCE release; euro gains May 28, 2024 04:49AM

Investing.com - The U.S. dollar edged lower in early European trade Tuesday on a slight pickup on risk sentiment, but traded in tight ranges ahead of the release of key inflation data. 

At 04:25 ET (08:25 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 104.410, handing back some of last week’s strong gains as traders returned from the holidays in the U.K. and the U.S..

Dollar slips ahead of core PCE... (continue reading...)

Asia FX drifts higher, dollar weakens slightly before inflation test May 28, 2024 04:32AM

Investing.com-- Most Asian currencies firmed slightly on Tuesday, while the dollar drifted lower in holiday-thinned trade as markets awaited inflation data from several major economies this week. 

Trading holidays in the U.S. and the UK made for languid foreign exchange markets on Monday. But this saw some flows out of the dollar and into more risk-driven currencies, particularly in Asia. 

Australia, Japanese inflation readings on tap this week

The Australian dollar... (continue reading...)

Dollar rebounds as yields rise, consumer confidence improves May 27, 2024 08:55PM

By Karen Brettell

(Reuters) -The dollar gained on Tuesday, giving back earlier losses, as benchmark U.S. Treasury yields hit a four-week high following some weak auctions.

The Treasury Department saw soft demand for sales of two-year and five-year notes. They came after data showed that U.S. consumer confidence unexpectedly improved in May after deteriorating for three straight months.

“The bond market has turned around today... (continue reading...)