archiveUS dollar index

The dollar advanced against its major peers after US President Donald Trump said he had no intention of firing Federal Reserve Chairman Jerome Powell.The greenback climbed the most against the yen and Swiss franc as a rise in US stock futures damped demand for haven assets. The dollar climbed as much as 1% versus both currencies to around 143.00 yen and 82.69 centimes, respectively. Some technical indicators and market positioning had suggested an overshooting of bearish dollar bets. The US currency fell to the lowest since December 2023 this week...

US Stock Market LIVE: Futures on Wall Street recovered from the early lows and are now trading with gains after Monday's steep sell-off. The Dow futures, which at one point, were down 80 points, are now trading with gains of close to 350 points, while the S&P 500 and Nasdaq futures are trading with gains of 50 and 180 points respectively. Watch this space for all the Live Updates.US Stock Market LIVE: Futures on Wall Street recovered from the early lows and are now trading with gains after Monday's steep...

BENGALURU: Asian currencies rose against the dollar on Friday as US President Donald Trump’s tariffs on trading partners prompted a rush out of the world’s reserve currency, though stocks remained subdued on lingering tariff concerns. The US dollar index fell below 100 against a basket of major units for the first time since July 2023 as investors ditched US assets for other safe-havens like the Swiss franc, yen, euro and gold. Singapore’s dollar firmed to its highest level in more than five months, while Malaysia’s ringgit appreciated by 0.7%. The...