Investing in Currencies

Investing.com-- Most Asian currencies moved little on Thursday after clocking steep losses in the prior session, while the dollar fell slightly from a one-month high as strong U.S. retail sales data spurred more doubts over early rate cuts by the Federal Reserve. Sentiment towards Asian markets remained weak following softer-than-expected Chinese data, which showed the region’s largest economy struggling with a sluggish post-COVID recovery. The was flat after sinking to its lowest level in nearly two months. But further losses in the currency were limited by a stronger-than-expected midpoint fix...

By Ketki Saxena Investing.com -- The Canadian Dollar continued to weaken against its US counterpart today, rising treasury yields, rising risk aversion, and hotter-than-expected retail sales boosted the safe-haven greenback.  However, the continued to see some gains against most major currencies, even as a dip in crude and metal prices following weak Chinese data pressured the commodity-linked loonie.  Low-impact inflation data from Canada also helped assuage some fears after yesterday’s hotter-than-expected read. Canada’s fell 4.9% in December, well below the forecast for a 1.6% decline.  Canadian also declined in December,...

DHAKA - Bangladesh Bank has increased its overnight repurchase agreement rate by 25 basis points to 8%, signaling a continued tight monetary stance. The decision, under the leadership of Governor Abdur Rauf Talukder, is part of a broader strategy to curb inflation, which the central bank aims to bring down to below 6% by the end of June this year.The move comes amid the taka's recent depreciation and inflationary pressures that are particularly concerning as the country approaches Ramadan.In addition to raising the repo rate, Bangladesh Bank has also announced...

By Paul Carsten LONDON (Reuters) -Oil fell more than $1 on Wednesday as economic growth in China was a little short of expectations, raising concerns about future demand, while U.S. dollar strength dented investors' risk appetite. futures fell $1.38, or 1.8%, to $76.91 a barrel by 1428 GMT. U.S. West Texas Intermediate crude futures (WTI) were down $1.35, or 1.9%, at $71.05. Even the naval and air conflicts in the Red Sea have not been enough to support oil despite increased concern about tankers having to pause or reroute, increasing...

WASHINGTON - The witnessed a notable surge, reaching a one-month high of 103.42 as remarks from a Federal Reserve official influenced market expectations. The Bloomberg Dollar Spot Index, which tracks the currency against a basket of peers, ascended to its highest level since mid-December. This rally was spurred by comments from Federal Reserve Governor Christopher Waller, who advocated for a cautious approach to lowering interest rates.Waller's statements have led to a recalibration of market predictions for the Federal Reserve's monetary policy path. According to the CME's FedWatch Tool, the likelihood...

SYDNEY - The Australian dollar experienced a notable decline today, slipping below the US66 cents mark amid a broader strengthening of the . In corporate news, Coles announced a leadership change, with Jeff Kennett stepping down and Jenny Linsten set to take over the reins on February 15th.In the United States, major stock indexes saw a downturn in performance. The fell by 0.4%, the by 0.6%, and the by 0.2%. The aviation sector made headlines as Spirit Airlines (NYSE:)' shares took a hit of 47.09% following the suspension of its...