Investing in Currencies

Investing.com - The U.S. dollar edged lower in early European trade Monday, while the Japanese yen gave back some of last week’s gains ahead of the conclusion of a key policy meeting by the Bank of Japan. At 05:35 ET (09:35 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 102.052, after dropping roughly 1.3% last week. Fed’s dovish pivot hits the dollar The dollar retreated sharply last week after the U.S. Federal Reserve pivoted towards rate cuts at its latest...

By Stephen Culp NEW YORK (Reuters) - U.S. stocks were slightly higher and the dollar rebounded on Friday as market participants caught their breath as they approached the end of a week loaded with central bank policy decisions and crucial economic data. The dollar bounced back, but remained on track for its largest weekly decline in five months. Euphoria over the U.S. Federal Reserve's dovish pivot was dampened a bit after New York Federal Reserve President John Williams pushed back against rate cut expectations, reiterating that the central bank remains...