The Chinese yuan rose to a new high against the US dollar on Friday morning in Asia, increasing prospects for a rate cut by the central bank to curb excessive foreign fund inflows.
The yuan touched 6.1288 against the US dollar, its highest level since the red dragon started its exchange rate reform...
The New Zealand dollar underperformed in early Asian deals on Friday as the nation's trade balance logged a smaller than expected surplus in April.
New Zealand posted a merchandise trade surplus of NZ$157 million in April, Statistics New Zealand said on Friday, worth 4.0 percent of exports.
The...
The dollar is losing ground against all of its major competitors on Thursday. The weakness in the currency stems from investor concerns that the Federal Reserve will scale down its stimulus program if labor market improves.
Some members of the Federal Reserve favor scaling back the central bank's...
The Commerce Department said in a report that the new home sales rose 454,000 in April from 444,000 in March. The consensus expectations called for new home sales to come in at a seasonally adjusted annual rate of 425,000.
The dollar was little changed against its major opponents following the report....
The Commerce Department will release its new home sales report for April at 10:00 am ET. The consensus expectations call for new home sales to come in at a seasonally adjusted annual rate of 425,000 from 417,000 in March.
The dollar was moving sideways against its major opponents ahead of the report....
Results of the Federal House Finance Agency's house price survey showed that the headline index increased 1.3 percent month-over-month in March compared to a revised increase of 0.9 percent in February. Economists expected a 0.9 percent month-over-month advance in March from 0.7 percent originally reported...
At 9 am ET, the Federal House Finance Agency is scheduled to release the results of its house price survey for March. The house price index based on the survey is expected to increase 0.9 percent month-over-month compared to a 0.7 percent increase in February.
The dollar held steady against its major...
The Labor Department said its jobless claims rose 340,000 in the week ended May 18th, compared to expectations for an increase of 345,000 and 365,000 claims recorded in the previous week.
The dollar inched higher against its major rivals after the report. As of 8:32 am ET, the US currency was trading...
The Labor Department is due to release its jobless claims report for the week ended May 18th at 8:30 am ET. Economists expect claims to have risen to 345,000 from 360,000 in the previous week.
The dollar showed mixed performance ahead of the report. While the greenback held steady against the pound,...
The British sterling edged higher against its major counterparts in early deals on Thursday after a government report officially confirmed that the U.K. economy avoided recession in the first quarter as initially estimated.
Second estimates from the Office for National Statistics showed that the U.K....
The U.S. dollar declined against the Canadian currency in the European session on Thursday.
The greenback is now trading at 1.0344 against the loonie, reversing from an early Asian session's near 1-year high of 1.0392. The pair ended Wednesday's deals at 1.0367. On the downside, the greenback-loonie...
Erasing decline, the European currency spiked up against the Canadian dollar in the early European session on Thursday.
The euro hit a 4-week high of 1.3369 against the loonie, compared to Wednesday's close of 1.3330. The euro-loonie pair may eye next upside target level around 1.34.
After the release of second estimate of first quarter U.K GDP data at 4:30 am ET Thursday, the pound changed little against its major counterparts.
The pound is now trading at 1.5067 against the greenback, 152.26 against the yen, 1.4552 against the franc and 0.8551 against the euro.
At 4:30 am ET Thursday, the Office for National Statistics is scheduled to release second estimate for U.K. GDP. According to preliminary estimate, the economy expanded 0.3 percent in the first quarter.
Ahead of the data, the pound showed mixed trading against its major counterparts. While the pound...
The Swiss franc advanced against its major rivals in the early European session on Thursday.
The franc is now trading at 0.9716 against the greenback, up from Wednesday's close of 0.9781.
The franc is worth 104.86 against the yen, rebounding from an early more than 3-week low of 104.04.
The...