The euro was 0.2 percent from a two-week low before a German report forecast to show business confidence fell in the currency bloc’s largest economy, fueling speculation the European Central Bank will cut interest rates. New Zealand’s dollar jumped after
The euro languished at two-week lows in early Asian trade on Wednesday, having suffered a setback after disappointing economic news out of Germany fuelled talk of an interest rate cut by the European Central Bank. The common currency fell more than 0.5
The euro fell to a two-week low against the dollar as a report showed services and manufacturing output in the region shrank for a 15th month, adding to signs the recession is worsening. The single currency weakened against 13 of its 16 major
The pound dropped against the dollar, approaching the lowest level in two weeks, before a report that economists said will show Britain’s budget deficit narrowed in March from a year ago. Sterling was little changed versus the euro. The shortfall
The dollar was gaining ground against all of its major competitors at the start of the new trading week, but has reversed direction following the release of the weaker than expected existing home sales report. Existing home sales in the U.S. unexpectedly
The yen rose broadly and the Australian dollar hit a six-week low on Tuesday as a weak reading on the Chinese manufacturing sector stirred worries about the health of the global economy. The Australian dollar touched $1.0221, its lowest level since March
The yen traded 0.7 percent from 100 to the dollar as traders weighed the investment intentions of Japanese fund managers after the nation’s largest life insurance firm forecast a stronger currency in a year. The yen maintained gains against most major
The rupee weakened by 29 paise to 54.25 against the dollar in the first session trade on dollar demand from importers. The forex market was closed on Friday for Ram Navmi. On Thursday, the Indian unit had closed higher at 53.96 per dollar. Today, the
The contract is one-tenth the size of regular DGCX Indian Rupee Futures contract. In a bid to further expand the reach of its Indian rupee product offering, the Dubai Gold and Commodities Exchange (DGCX) has launched a Mini Indian Rupee Futures Contract
The yen weakened, nearing the 100 per dollar level not seen for four years, as the Bank of Japan (8301)’s monetary stimulus policies were unopposed by the Group of 20. Japan’s currency slid against most major peers after BOJ Governor Haruhiko Kuroda, who