SINGAPORE: The US dollar, usually seen as a safe haven in turbulent times, surprised some currency strategists on Thursday by losing ground after spooked investors drove US stocks to their worst fall in nearly eight months. The VIX, Wall Street's "fear index" measuring the stock market's expectation of volatility, rose...
ISTANBUL: The Turkish lira weakened 3 percent against the dollar on Monday after a week-long holiday, hit by persisting concern about a diplomatic rift with Washington over a detained U.S. pastor. The slide as local trading resumed left the lira down 38 percent lira this year, driven by worries over...
NEW YORK: The dollar steadied against a basket of currencies on Tuesday as data showed US consumer prices rose in May, matching analysts' forecasts and reinforcing the view the Federal Reserve would raise short-term interest rates gradually. US consumer prices rose marginally in May amid a slowdown in the pace...
LONDON: Switzerland's gold exports to China hit their highest in more than a year in January, Swiss customs data showed on Tuesday, while shipments to India slid to their lowest since September. Switzerland, a major trading, vaulting and refining centre for precious metals, said its net gold imports rose to...
LONDON: The euro fell towards a two-month low on Tuesday before a meeting by the European Commission on Italy's budget that could see Brussels take the unprecedented step of rejecting it and demanding changes. A dispute over Italy's spending plans and doubts about the leadership of Britain's prime minister, mired...
KUALA LUMPUR: Malaysian palm oil futures rose to a one-week high on Wednesday evening, supported by gains in rival edible oils. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange was up 0.6 percent at 2,485 ringgit ($636.04) a tonne at the close. It earlier...
NEW YORK: The U.S. dollar eased back from earlier losses but still remained broadly lower against other major currencies on Monday. The greenback was lower ahead of Fed Chair Jerome Powell's first Congressional testimony on Tuesday and Thursday. Investors will be listening closely to his views on the state of...
NEW YORK: The US dollar index reversed course on Tuesday, erasing most of the gains it made earlier in the session as Wall Street came off its lows in choppy trading a day after the Dow and S&P 500 stock indexes posted their biggest declines since August 2011. The dollar...
SINGAPORE: The euro eased on Wednesday to take a breather from a rally prompted by optimism over the euro zone's economy and expectations the European Central Bank will wind down its bond-buying stimulus in 2018. The euro slipped 0.1 percent to $1.2048. The currency hit a four-month high of $1.2081...
MOSCOW: The Russian rouble eased on Wednesday as strong US industrial production data boosted the US dollar and investors' confidence in dollar assets. At 0743 GMT, the rouble was 0.2 percent weaker against the dollar at 65.45 and had lost 0.06 percent to trade at 75.66 versus the euro. As data...
Dollar nurses losses but set for big monthly drop; franc slips LONDON: The dollar consolidated losses against a basket of currencies on Monday as US bond yields rose but traders were cautious on the broader outlook as recent strong data has not changed expectations about the path of US interest...