Dollar hits 13-mth peak, yen also bullish as appetite for risk deteriorates

By Shinichi Saoshiro TOKYO, Aug 10 : The dollar rose to a 13-month high against a basket of currencies on Friday and the yen also made big strides, with investor appetite for risk dropping amid escalating global trade tensions and diplomatic wrangling. The euro fell to its weakest since July 2017, while the pound dropped […]

Euro gains as dollar rally fades; yen rebounds

By Tommy Wilkes LONDON, Aug 8 : The euro rose above $1.16 on Wednesday as the dollar’s recent rally ran out of steam, and traders said solid data out of China had calmed investor nerves about recent Sino-U.S. trade tensions, hurting demand for the dollar. The dollar has weakened since hitting a three-week high on […]

Dollar posts biggest drop in a week as rally fades

By Saikat Chatterjee LONDON, Aug 7 : The dollar tumbled a quarter of a percent against a basket of its peers on Tuesday, its biggest drop in a week, as expectations grew that the dollar’s recent rally on the back of escalating trade tensions may be coming to an end. Since mid-April, the dollar has […]

Pound frail on worries over no-deal Brexit, dollar steady

By Daniel Leussink TOKYO, Aug 7 : The pound stayed fragile on Tuesday after falling to an 11-month low against the dollar overnight on worries over a ‘hard’ Brexit from the European Union, while simmering U.S.-China trade tensions provided support to the greenback. Comments from officials about a no-deal Brexit stoked fears Britain would crash […]

Dollar remains steady after U.S. jobs data, focus on yuan

By Daniel Leussink TOKYO, Aug 6 : The dollar held firm against a basket of its peers on Monday after U.S. job data reinforced investors’ expectations the Federal Reserve will gradually raise interest rates this year. The dollar, which measures the greenback against a basket of six other major currencies, was about 0.1 percent higher […]

Dollar firm on US-China trade war worries

By Daniel Leussink TOKYO, Aug 3 : The dollar stayed firm against the yuan and a basket of currencies on Friday, with markets gripped by worries over escalating trade tensions between the United States and China. China vowed on Thursday to retaliate if the U.S. acted on a threat to raise tariffs on the Asian […]