NEW YORK (Reuters) -The dollar gained on Thursday as investors took profits on bets the currency would weaken further and shrugged off data showing signs the U.S. economy is slowing.Thursday's economic data suggested that the Federal Reserve is likely done raising interest rates and may start easing by the middle of next year, typically a dollar-negative factor.Euro weakness after a ...

NEW YORK (Reuters) -The dollar fell on Friday, after two days of gains, as Federal Reserve Chair Jerome Powell struck a cautious tone on further interest rate moves, saying that the risk of under- or over-tightening is now more balanced.The market viewed his comments as dovish, with investors pricing in expectations that the Fed is likely done raising rates.Powell said ...

Regional currencies cooled slightly after a stellar rally through November, amid growing conviction that the Fed was done raising interest rates. The central bank is now widely expected to begin trimming rates in 2024, with markets now seeking more cues on the timing of the rate cuts. Some mixed economic readings from Asia also provided middling cues to markets. China’s ...

LONDON/NEW YORK (Reuters) - After making hay when a summer bond rout propelled the U.S. dollar to 10-month highs, hedge funds are now pondering what lies ahead for the greenback.The dollar, down 3.5% in November against a basket of other major currencies, is set for its worst monthly performance in a year as expectations of interest-rate cuts next year grow, ...

(Reuters) - Investors turned bullish on most emerging Asian currencies, as prospects of a potential end to U.S. interest rate hikes led to weakness in the greenback and triggered a rush into riskier assets in the region, a Reuters poll showed on Thursday.Bullish bets on South Korean won, Taiwanese dollar, and Philippine peso were at their highest since Feb. 9, ...

At 04:50 ET (09:50 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.4% higher to 103.120, just above the 102.46 level it hit on Wednesday, its lowest since Aug. 10.The dollar has received something of a boost after data showed the U.S. economy grew faster in the third quarter than initially reported ...

The central bank conducted these consultations to measure interest in a digital currency and to understand the public's concerns. The survey participants, who were self-selected, voiced that privacy and trust are paramount issues that need to be addressed. While this feedback suggests a strong sentiment against the digital dollar, the Bank of Canada has noted that the views expressed may ...

The Chinese yuan strengthened slightly after a stronger midpoint fix from the People’s Bank of China. But purchasing managers index data showed a sustained decline in manufacturing activity, as China’s biggest economic engines struggled with worsening overseas demand.The reading highlighted continued weakness in the Chinese economy, as a post-COVID rebound failed to materialize.But steady PBOC support, coupled with a less ...

At 04:40 ET (09:40 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 103.212, after clocking its weakest monthly performance in a year in November.The eagerly awaited personal consumption expenditures price index rose 3% in October from a year ago, according to data released on Thursday, falling from 3.4% the ...

The single currency had been under pressure due to soft EU inflation statistics that prompted a near 0.8% drop on Thursday. This downward movement came after the euro failed twice to breach the key psychological level of 1.10, finding some support at a Fibonacci retracement mark of 1.0882. Despite the modest rebound, the euro remains under near-term pressure while trading ...