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Dollar Gains vs Franc, Yen as Mood Improves

Friday,   16-Aug-2019   02:54 (IST)

Risk sentiment returned to the foreign exchange markets early Friday in Europe, with the Swiss franc and yen retreating against the dollar, and the dollar retreating against the pound as a week of turbulent newsflow drew to a comparatively quiet close. The dollar index, which measures the greenback against a basket of developed market currencies, was at 98.078, up 0.1% from late Thursday in the U.S. and on track for a gain of around 0.7% on the week. The dollar was also a fraction higher against the Chinese yuan, which showed little or no reaction to comments on Thursday by U.S. President Dona...

Pound set for biggest weekly gain in nearly two months as no-deal Brexit opposition grows

Friday,   16-Aug-2019   02:07 (IST)

The pound gained for a second consecutive day on Friday after a stream of resilient economic data this week calmed sentiment on the health of the UK economy and as opposition parties launched plans to...

Euro drops to two-week low against the dollar

Friday,   16-Aug-2019   02:05 (IST)

The euro fell to a two-week low on Friday against the dollar, which extended the gains it made the day before after U.S. retail sales data came out better than expected. The dollar was on course to en...

Dollar holds onto gains, but sentiment remains fragile

Friday,   16-Aug-2019   09:09 (IST)

The dollar held onto gains on Friday after a surge in U.S. retail sales eased concerns about the world's top economy, but traders cautioned against reading too much into one piece of data given th...

Sterling near three-year lows before price data

Wednesday,   14-Aug-2019   04:04 (IST)

The pound hovered close to a nearly three-year low on Wednesday before July inflation data with concerns of a no-deal Brexit dogging investor sentiment. Against the dollar, the pound was steady at $1....

Offshore Chinese yuan pares back gains as enthusiasm from tariffs delay wanes

Wednesday,   14-Aug-2019   03:57 (IST)

The offshore Chinese yuan offloaded on Wednesday the gains it made the day before on the back of the announcement that the United States will delay the recently announced tariffs on Chinese imports un...

Yen edges higher as markets sceptical about Trump's trade concession

Wednesday,   14-Aug-2019   08:53 (IST)

The yen edged higher on Wednesday as currency investors took a skeptical view of U.S. President Donald Trump's decision to delay additional tariffs on some Chinese goods. The offshore yuan edged s...

Sterling hovers near 2-1/2 year lows despite robust wage data

Tuesday,   13-Aug-2019   04:24 (IST)

Sterling held near a 2-1/2 year low on Tuesday as concerns about a no-deal Brexit dominated sentiment despite data showing wage growth in the United Kingdom rose to an 11-year high. Britain’s la...

Yen near seven-month high versus dollar; Hong Kong, Argentina woes fuel risk aversion

Tuesday,   13-Aug-2019   08:53 (IST)

The yen stood near a seven-month high against the dollar on Tuesday as unrest in Hong Kong and gyrations in Argentina's markets heightened investor risk aversion and fanned demand for the safe-hav...

Yen Gains as Trade War, Global Growth Fears Weigh

Monday,   12-Aug-2019   04:15 (IST)

The safe haven yen was broadly higher on Monday as uncertainty over the next stage in the U.S.-China trade war and growing fears over a slowdown in global growth hit market sentiment. Uncertainty over...