South African rand plummeted along with shares on Wednesday as the U.S. banking crisis spread havoc globally.
The dollar found support in Asia on Wednesday as investors dialled back expectations of U.S. rate cuts as fear of a banking crisis ebbed.
The Sterling rose against a weakening dollar on Monday after the sudden collapse of U.S. tech-focused lender Silicon Valley Bank (SVB).
Dollar fell sharply on Monday on expectations the Federal Reserve will take a less aggressive monetary path as authorities stepped in to limit Silicon Valley Bank collapse fallout.
The dollar was perched near a three-month high on Thursday as Federal Reserve Chair Jerome Powell’s message that interest rates would have to go higher.
The dollar scaled 3-month highs against major currencies on Wednesday after Federal Reserve Chair Jerome Powell warned about U.S. interest rate hikes.
The U.S. dollar was tentative on Tuesday ahead of testimony by U.S. Federal Reserve chair Jerome Powell, while the Aussie slid.
The U.S. dollar was broadly lower on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell.
Asian shares rose on Friday after Wall Street reversed losses on signals of a measured policy tightening approach from the U.S. Federal Reserve.
Sterling rose marginally against a weaker dollar on Wednesday, trimming gains made earlier in the session after Bank of England Governor Andrew Bailey.
The pound edged up on Tuesday, drawing some strength from Britain’s agreement with the European Union on post-Brexit trade.
The dollar fell from a seven-week high on Monday, tracking a slide in U.S. Treasury yields, as investors consolidated gains.
South Africa’s rand weakened against a stronger U.S. dollar on Friday, as an international financial crime watchdog added South Africa to its list of countries needing special scrutiny.
The South African rand slipped on Tuesday to its lowest level this year, with investors awaiting the finance minister’s budget speech due on Wednesday
Sterling fell slightly against the dollar on Monday and was flat against the euro, in a quiet session ahead of flash composite PMIs due on Tuesday.
The dollar on the front foot on Monday, supported by a strong run of economic data out of the United States.
The dollar rode U.S. Treasury yields higher on Friday and was eyeing a third straight week of gains with a bout of resilient economic data.
The US dollar advanced on Thursday after strong U.S. retail sales data underpinned the resilience of the world’s largest economy.
The Pound Sterling gains ground against the dollar and euro on Tuesday after data showed British wages rose quicker than expected.
The dollar was broadly lower on Tuesday ahead of a keenly anticipated inflation report, while the yen strengthened with new governor of Bank of Japan.
The dollar climbs toward a five-week high versus major peers on Monday as investors increased bets on the Federal Reserve keeping monetary policy tight for longer.
The U.S. dollar stuck and hovered near the middle of recent ranges versus major peers on Thursday.
Reuters: Sterling hit a new low against the U.S. dollar on Tuesday as investors expect the Bank of England (BoE) to end, and possibly reverse, its monetary tightening cycle soon while the U.S. British Pound Sterling hits a new low Federal Reserve might keep rates higher for longer. High interest rates usually support currencies. Investors […]
The US Dollar pauses bullish run on Tuesday from its rally at the start of the week, but hovered near a one-month peak.
The dollar held firm on Monday after a strong U.S. jobs report suggested the Federal Reserve could stay hawkish for longer.