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Yen exerts safe-haven pulling power amid Brexit, Italian budget worries

Tuesday,   23-Oct-2018   11:30 (IST)

The Japanese yen, a safe haven in uncertain times, firmed against the dollar on Tuesday, as the euro and sterling suffered due to doubts over Italy’s budget spending and over British Prime Minister Theresa May’s future with Brexit talks stalled. The dollar weakened 0.21 in Asian trade to trade at 112.55 yen, gaining as risk-shy investors retreated from Asia’s main share markets. The sterling traded flat at $1.2960 on Tuesday, having lost 0.83 percent on Monday, its steepest fall in percentage terms since Sept. 21. The pound has lost 2.2 percent versus the greenback in the las...

Dollar index near two-week high on stronger safe haven bid

Tuesday,   23-Oct-2018   09:08 (IST)

The dollar gained against its major peers on Tuesday, reining as the preferred safe haven currency as uncertainty over Brexit negotiations and Italy's free spending budget spooked investors away f...

Dollar Slips Lower, Euro Higher as Italy Eyed

Monday,   22-Oct-2018   03:47 (IST)

The dollar slipped lower against a currency basket on Monday, while the euro pushed higher even as Italy prepared to see its proposed budget for 2019 rejected by the European Union for breaching borro...

U.S. Might Change Currency Test to Determine Forex Manipulator; Yuan Slips

Monday,   22-Oct-2018   12:47 (IST)

The Chinese yuan slipped on Monday amid reports that U.S. is considering changing its currency test that determines which nations are manipulating their currencies.The move could finally give U.S. Pre...

Euro, sterling shaky as markets eye Italy budget, Brexit developments

Monday,   22-Oct-2018   09:09 (IST)

The euro and the British pound edged down against the dollar on Monday as investors awaited developments around Brexit as well as Italy's budget plan which drew heavy criticism from the European U...

Yuan Little Changed After Disappointing China GDP Data

Friday,   19-Oct-2018   03:57 (IST)

The yuan was little changed on Friday after official data showed China’s third quarter GDP growth slowed more than expected.The USD/CNY pair fell 0.1% to 6.9376.China’s economic growth slo...

Euro near one-week low as Italian budget raises EU political risks

Friday,   19-Oct-2018   09:05 (IST)

The euro hovered near a one-week low against the dollar on Friday as the European Commission's criticism of Italy's populist budget sparked fresh concerns about political tensions in the commo...

Dollar gains for a second day as markets eye Fed minutes

Wednesday,   17-Oct-2018   03:55 (IST)

The dollar edged higher on Wednesday as a rally on Wall Street boosted risk appetite, although gains were capped before the release of Fed minutes later in the day.Still, moves were muted in currency ...

Dollar consolidates, yen weakens as risk sentiment improves

Wednesday,   17-Oct-2018   09:05 (IST)

The dollar was little changed against most of its major peers on Wednesday but made gains against the yen as upbeat Wall Street earnings turned global sentiment away from safe haven assets. The three ...

Pound Touches Day’s Highs on Strong Wage Growth Figures

Tuesday,   16-Oct-2018   03:58 (IST)

The pound rose to the day’s highs on Tuesday after data showing that wage growth in the UK accelerated at the fastest pace in nearly 10 years in August, bolstering the outlook for the economy.GB...