Investing in Currencies

Investing.com - The U.S. dollar edged lower in early European trade Thursday ahead of key growth data, while sterling continued to fall in the wake of rapidly cooling U.K. inflation. At 04:30 ET (09:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 102.010, down almost 2% so far this year. Treasury yields fall to new lows Several Federal Reserve officials have tried to rein in expectations for a number of U.S. interest rate cuts in 2024, in the wake...

Investing.com-- Most Asian currencies moved little on Thursday, nursing some losses from the prior session as the dollar recovered from near five-month lows amid some uncertainty over when the Federal Reserve will begin trimming interest rates.  The greenback saw some safe haven demand following a rout in risk-driven equity markets, as investors locked-in profits after a recent rally.  Asian currencies also saw some pullback after logging strong gains from over the past week, after the Fed said it was done raising interest rates and flagged deeper rate cuts in 2024. ...

By Sinéad Carew NEW YORK (Reuters) -MSCI's global equities index was gaining ground on Wednesday while Treasury yields fell as U.S. economic data beat expectations and UK inflation slowed. Oil prices, meanwhile, hit their highest level in nearly three weeks, as traders dealt with worries about disruptions in the Red Sea after Yemen's Iran-aligned Houthi militants stepped up attacks on commercial ships. The dollar rose against other major currencies on Wednesday, while sterling fell sharply after UK inflation plunged in November to its lowest rate in more than two years...

Investing.com-- Most Asian currencies steadied from recent gains on Wednesday, while the dollar remained pinned near four-month lows as traders largely stuck to bets that the Federal Reserve will begin trimming interest rates in early 2024. Traders also largely looked past warnings from Fed officials that enthusiasm over early rate cuts was overplayed, with a sustained decline in the dollar and Treasury yields pointing to growing conviction that rates could begin falling by as soon as March 2024. This notion boosted most risk-driven assets, with rate-sensitive Asian units such as...

Investing.com-- Most Asian currencies steadied from recent gains on Wednesday, while the dollar remained pinned near four-month lows as traders largely stuck to bets that the Federal Reserve will begin trimming interest rates in early 2024. Traders also largely looked past warnings from Fed officials that enthusiasm over early rate cuts was overplayed, with a sustained decline in the dollar and Treasury yields pointing to growing conviction that rates could begin falling by as soon as March 2024. This notion boosted most risk-driven assets, with rate-sensitive Asian units such as...