Commodity currencies propelled by crude oil price rally

LONDON (Reuters) – The Australian and Canadian dollars rose on Tuesday, aided by a surge in oil prices to five-month highs that lifted most commodity-linked currencies. Oil prices have rallied on expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela, although energy prices slipped slightly on Tuesday. The Australian […]

Read more

Trade talk optimism fuels gains in Aussie, yuan

LONDON (Reuters) – Australia’s dollar and the Chinese yuan gained on Wednesday on hopes for an agreement between Beijing and Washington to end their trade conflict. Reports of progress in trade talks between the United States and China, as well as reassuring factory activity data from both countries, has supported markets in recent days and sent Asian stocks to seven-month […]

Read more

Dollar falls vs yen as U.S. Treasury curve flashes warning

NEW YORK (Reuters) – The dollar slid against the safe-haven Japanese yen on Friday as dismal U.S. manufacturing data fueled worries about the wider economy, and bond yields signaled growing fears of a recession. The dollar, however, rose against the euro as a much weaker-than-expected German manufacturing survey raised concerns that Europe’s powerhouse economy may be slowing. On Friday, the […]

Read more

Dollar climbs vs euro on German PMI miss; yen strong

NEW YORK (Reuters) – The U.S. dollar climbed against the euro on Friday to its highest in more than a week, boosted by a much weaker-than-expected German manufacturing survey, but the greenback slid against the Japanese yen on growing worries about the U.S. economy. Businesses across the euro zone performed much worse than expected in March as factory activity contracted […]

Read more

Aussie leads recovery as hopes for accommodative Fed knock the dollar

LONDON (Reuters) – The Australian dollar hit a two-week high and led a recovery against the U.S. currency on Monday as caution about the U.S. economy and expectations for an accommodative Federal Reserve meeting this week kept the greenback on the back foot. The euro was also a beneficiary from the weaker dollar, adding 0.2 percent to $1.1347. Markets are […]

Read more
1 2 3