After moderate losses in the first two months of the year, the US dollar may now be one of the most attractive investable assets. Dollar bulls started the year anticipating a quick trip to higher prices, instead the dollar fell against many of the
Goldman Sachs Group Inc. predicts Russia will contain losses in the ruble as policy makers pledge to curb volatility after ratcheting up interest rates and selling billions of dollars in the currency market yesterday. Bank Rossii, which ING Groep NV
(Reuters) - Ukraine's hryvnia fell to a record low of 11.6510 to the U.S. dollar on Monday from 10.8510 at Friday's close, Reuters dealing platform showed. Dealers said there was a lack of dollars and trading was affected by tension between Ukraine and
The yen gained against all of its 16 major peers as Russian President Vladimir Putin’s threat to invade Ukraine intensified one of the most serious standoffs since the Cold War, boosting demand for haven assets. Japan’s currency touched its strongest
What ProAct Forex Target Traders See: We are currently sitting at 1.3823 looking to finish a 5th wave to the top. The pair has been ranging but is now underway but with little left to the top. We are looking for a correction and then more ranging after
CHINA'S yuan has overtaken the Swiss franc to become the seventh most-used currency for payments worldwide, a global transaction services organisation said, as Beijing seeks to further internationalise the unit. The yuan still lags behind the US dollar -
The foreign exchange reserves declined by $383.7 million to $293.405 billion for the week to February 21 on account of fall in foreign currency assets, the Reserve Bank said today. In the previous reporting week, the reserves had jumped by a healthy
The dollar fell sharply versus the euro on Friday, hitting its lowest since December amid the release of data showing a surprising uptick in euro zone inflation. Disappointing U.S. GDP figures kept the dollar from making any comeback later in the day.
(Reuters) - A surprise blip higher in inflation drove the euro to its highest against the dollar this year on Friday, knocking back speculation of some sort of move to ease policy by the European Central Bank next week. In a market that had been leaning
The slowdown in U.S. economic growth has resurrected commodity-linked currencies. This month’s five best performers among 16 major exchange rates are all affiliated with resource-driven economies as investors unwind bets on declines versus the dollar.