Foreign Exchange News

The dollar edged modestly higher against its major rivals early Tuesday, following comments from Federal Reserve Chairman Ben Bernanke late Monday that were interpreted as suggesting that further monetary tightening is to be expected. At the same time, a Labor Department report that showed the core producer price index rising more than expected, also provided some support for the U.S. currency. ...

By Alan Raybould SINGAPORE (Reuters) - Asian stock markets mostly fell on Tuesday, with Tokyo closed for a holiday, while the dollar was marginally higher and oil extended a slide towards $60 a barrel. U.S. light sweet crude for April delivery (CLc1: Quote, Profile, Research) fell almost 4 percent in New York due to rising U.S. stockpiles, and it was down another 40 cents at $60.02 in Asian tra ...

By Alan Raybould SINGAPORE (Reuters) - Asian stock markets mostly fell on Tuesday, with Tokyo closed for a holiday, while the dollar was marginally higher and oil extended a slide towards $60 a barrel. U.S. light sweet crude for April delivery (CLc1: Quote, Profile, Research) fell almost 4 percent in New York due to rising U.S. stockpiles, and it was down another 40 cents at $60.02 in Asian tra ...

The dollar stabilized Monday on the heels of last week's steep losses, as investors awaited a speech from Federal Reserve Chairman Ben Bernanke that could shape financial markets' interest-rate expectations. The dollar had hit a seven-week low against the euro and a two-week low against the yen last week, as investors pared back expectations for an aggressive rise in U.S. interest rates and ami ...

The yen ended a choppy day in negative territory on Monday despite talk of further liquidation of short-yen positions. // The commodity currencies of Australia, New Zealand, Canada and South Africa all suffered sizeable losses on Monday, with much of the weakness attributed to a continued lightening of positions by hedge funds and other carry trade investors, many of which used the yen as a funding currency to chase higher yields elsewhere. Japanese retail investors, who have fallen over thems ...

The dollar stabilized against the euro, but touched an almost three-week low versus the yen early Monday, as investors awaited a speech from Federal Reserve Chairman Ben Bernanke that could shape interest-rate expectations. The dollar weakened sharply last week, hitting a seven-week low against the euro and two-week low against the yen, as investors scaled back expectations for an aggressive ri ...

The U.S. dollar was trading around recent lows against the euro and the yen on Monday ahead of a speech from Federal Reserve Chairman Ben Bernanke that could shape interest-rate expectations. The euro eased to $1.2188 from $1.2194, with the euro around six-week highs. The dollar was at 115.85 yen vs. 115.91 yen, near two-week lows. Bernanke will deliver a major address to the Economic Club o ...