(Corrects to delete quote in paragraph 6 following post publication review) SHANGHAI (Reuters) -Chinese businesses are hoarding dollars because they expect their own currency to weaken, and that in turn…
Forex News
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Investing.com – The U.S. dollar drifted lower in early European trade Wednesday, dropping from recent highs, while sterling rose in the wake of the U.K. inflation rate slowing by less…
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On Wednesday, financial institution ING provided insights into the New Zealand Dollar’s (NZD) potential trajectory following the country’s latest consumer price index (CPI) data. ING anticipates that the NZD/USD exchange…
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On Wednesday, ING, a prominent financial institution, revised its forecast for the US dollar, citing persistent inflation in the United States as a key factor driving a broad strengthening of…
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On Wednesday, UBS adjusted its foreign exchange forecasts for the year 2024, indicating a stronger outlook for the U.S. dollar against several major currencies. The bank has revised its end-2024…
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By Ankur Banerjee SINGAPORE (Reuters) -The dollar was broadly steady on Wednesday, keeping the yen rooted near 34-year lows after comments from Federal Reserve officials, including Chair Jerome Powell, suggested…
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By Rae Wee and Stefanno Sulaiman SINGAPORE/JAKARTA (Reuters) – Indonesia’s economy was primed for monetary easing later this year, but an unwelcome plunge in its currency is complicating matters for…
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Investing.com– Most Asian currencies kept to a tight range on Wednesday, while the dollar steadied near five-month peaks after strong U.S. economic data and warnings from the Federal Reserve saw…
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SHANGHAI (Reuters) – Chinese businesses are hoarding dollars because they expect their own currency to weaken, and that in turn is exacerbating a slide in the yuan that has been…
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By Karen Brettell NEW YORK (Reuters) -The dollar reached a five-month high against the euro on Tuesday after Federal Reserve Chair Jerome Powell said the U.S. central bank may need…