Chinese banks bought more foreign currency from clients than they sold in April as the market expects the yuan to continue to appreciate, according to a report from China's foreign exchange regulator on Friday. Individuals and institutions exchanged 134
The US Dollar has continued to rally in the Asian and European sessions, and the main victims of the USD rally have been the New Zealand and Australian Dollar. However, there was no obvious new catalyst to provide reasons for NZD/USD and AUD/USD
The US dollar took a pause from its recent uptrend against the other major foreign currencies in forex market trading. At the New York close of Wednesday’s trading session, the American currency had registered losses for the day against just about all
The rupee today recovered by 12 paise to 54.69 against the dollar in late morning deals on selling of the US currency by exporters and banks, amid persistent capital inflows by foreign funds. The rupee resumed weak at 54.86 per dollar as against
The dollar gained while European shares and U.S. equity-index futures erased losses before reports on the strength of America’s recovery. Australia’s currency weakened as metals led commodities lower. The dollar strengthened against all but one of its 16
The dollar is gaining ground against the Euro on Wednesday, but is close to unchanged against both the pound sterling and the Japanese Yen. Weak GDP data from the Eurozone is largely responsible for the dollar's strength. Wholesale inflation remained in
The rupee opened marginally higher at 54.76 against the dollar today on positive domestic and Asian equity markets. The Indian unit had ended at 54.78 on Wednesday. The rupee declined to 54.79 in early trade, after which it recovered to 54.68 per dollar
The euro slid toward a six-week low before a report that will probably confirm inflation in the 17-nation region was the slowest in three years. The common currency completed a five-day drop yesterday, the longest losing stretch in six months, on
The Dollar Index rose to the highest level in more than nine months as improving U.S. growth spurred speculation policy makers may curb stimulus. Commodities fell, while European stocks advanced and the pound rallied. The gauge used to track the U.S.
The euro-area economy contracted more than economists forecast in the first quarter, extending a recession and increasing pressure on the currency bloc’s leaders to relax their budget rigor and do more to spur growth. Gross domestic product in the