Forex News

JOHANNESBURG (Reuters) – The South African rand was little changed in early trade on Thursday, as traders looked ahead to the release of domestic producer inflation figures. At 0615 GMT, the rand traded at 19.1950 against the dollar, not far from its Wednesday close of 19.2100. Statistics South Africa will release the March Producer Price […]

Most Asian currencies kept to a tight range on Thursday, while the dollar steadied amid uncertainty over U.S. interest rates ahead of key economic signals in the coming days. The Japanese yen saw extended losses, with the USDJPY pair hitting new 34-year highs before a Bank of Japan meeting on Friday. The currency pair also

UBS revised its forecast for the USD/PLN currency pair, citing recent changes in the Federal Reserve’s interest rate outlook and escalating tensions in the Middle East. The Swiss financial services firm now expects the exchange rate to reach 4.10 in the second quarter of 2024, with a gradual decrease to 3.92 by the first quarter of 2025.

On Tuesday, Bank of America (BofA) analysts suggested that there might be a limit to how much the U.S. dollar (USD) can appreciate against the Canadian dollar (CAD), despite recent trends showing CAD weakness primarily driven by a broad USD rally. The USD/CAD pair has seen a notable rise, attributed to the surge in global

The U.S. dollar steadied in early European trading Tuesday, while a bounce in European services activity data in April helped the euro. At 05:25 ET (09:25 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded flat at 105.915, below the five-month peak seen last week. Safe-haven dollar retreatsThe

. Most Asian currencies moved little on Tuesday even as easing safe haven demand saw the dollar weaken slightly, although anticipation of more cues on the U.S. economy and interest rates kept traders biased towards the greenback. Regional currencies were still nursing steep losses against the dollar over the past week, as hawkish signals from

Markets in March USD 34-year peak vs yen on US rate outlook Published 04/21/2024, 09:00 PM Updated 04/22/2024, 04:21 PM Dollar touches new 34-year peak vs yen on US rate outlook 0 © Reuters. FILE PHOTO: Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January