Russia’s yuan adoption may erode dollar dominance, EBRD suggests
In the wake of the ongoing Ukraine war and subsequent sanctions, Russia’s adoption of the Chinese yuan could potentially undermine…
German government trims debt sales, signaling reduced financial aid
The German government has announced a reduction in its planned federal debt sales for Q4 2023, marking a significant decrease…
Dollar hits 10-month high as US yields spike, yen recovers from dip
(Reuters) – The dollar rose to a new 10-month peak on Tuesday as U.S. bond yields hit their highest level…
Rupee’s rally short-lived, Nomura maintains pessimistic outlook
In a turn of events this Monday, the Indian rupee failed to sustain its rally following its inclusion in JPMorgan’s…
Pound slips amid U.K. service sector contraction, U.S. Dollar fluctuates with market mood
The Pound (GBP) experienced further losses on Friday, rounding off a challenging week marked by a deepening contraction in the…
Dollar retains strength after hawish Fed; Yuan struggles with property woes
The U.S. dollar edged higher, just below the recent six-month high, making a steady start to the new week as…
Yen weakens as Bank of Japan keeps interest rates negative, dollar strengthens
The Japanese yen fell sharply on Friday after the Bank of Japan (BOJ) decided to keep interest rates in negative…
Dollar holds gains after Fed; franc falls as SNB springs surprise
(Reuters) – The dollar hit a 6-1/2 month high on Thursday after the U.S. Federal Reserve signalled policy would remain…
Dollar retreats ahead of Fed decision; cooling inflation weighs on sterling
(Reuters) -The dollar edged lower on Wednesday ahead of a much-anticipated interest rate decision by the U.S. Federal Reserve later…
Dollar steadies ahead of Fed meeting; trading ranges are limited
The U.S. dollar traded largely unchanged in early European trade Tuesday, drifting ahead of the start of the latest two-day…