U.S. Dollar News

The silver price rose over 2 percent on Wednesday (April 18) afternoon, reaching a 2.5-month high thanks to technical trading. A weaker US dollar also supported prices. Kitco analyst Jim Wyckoff said gold and silver are “tilted in favor of the bulls ...

Tehran, Iran - The government of Iran has announced plans to replace the US dollar with the euro in official financial reporting, according to state-run media.

Pound traders have responded negatively to the news, with Sterling dropping to an exchange rate of $1.418 against the US dollar. This is a marked deterioration from Tuesday's pairing high of $1.437, when UK economic data suggested that a May Bank of ...

Sticking with the theme, the Bank of Canada left its key interest rate unchanged at 1.25%, all the while touting healthy inflation, global growth and government spending.

Gold prices proved to be remarkably resilient yesterday, finishing the day with a narrow increase despite a recovery in the US Dollar and a steepening of the priced-in Fed interest rate hike outlook. Those forces might have been expected to weigh on ...

The dollar's advance happened against a backdrop of low volatility, which is surprising given the continued turmoil surrounding global trade, said Brad Bechtel, head of currency strategy at Jefferies Group LLC.

In our previous take on the US dollar in early February, we wrote that the currency was set to remain weak. At the time, ex-US growth was accelerating, while speculator sentiment was only mildly bearish.

Wall Street largely appeared to shrug off the threat of instability in the Middle East on Monday as U.S. stocks registered strong gains by the closing bell.

Donald Trump's puzzling comments on Monday alleging currency devaluations by Russia and China have placed pressure on the dollar, in a fall that may play into the president's goals of narrowing the trade deficit. The US president tweeted on Monday that ...

On a year-to-year basis, the pound is now the best-performing G10 currency versus the US dollar and the euro, a factor that could have provoked a small sell-off as traders engage in profit taking.

The pound hit its highest level against the US dollar since the Brexit vote as a weak greenback and prospects of a near-term interest rate hike by the Bank of England supported the UK currency.

While the US Treasury couldn't openly admit it, a weaker US dollar versus Asian currencies would surely go some way towards resolving a number of the issues raised in its latest report on the foreign exchange policies of the major trading partners of ...

NEW DELHI: The rupee on Tuesday opened 5 paise higher at 65.44 against the US dollar. The domestic currency on Monday plunged 29 paise or 0.44 per cent to close at a six-month low of 65.49 against dollar on widening trade deficit concerns amid ...

Dollar index slips to lowest in nearly a week * U.S President Trump, Japan's Abe to meet Tues and Weds * Palladium off 1-1/2 month highs (Adds comments, detail; update prices) By Swati Verma BENGALURU, April 17 (Reuters) - Gold prices were steady on ...

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar on buying support for the local note, a dealer said.

HONG KONG (Reuters) - The Hong Kong Monetary Authority (HKMA) stepped into currency markets again in U.S. trading hours, buying HK$5.77 billion ($735 million) in Hong Kong dollars as the currency repeatedly hit the weak end of its trading band. FILE ...

TORONTO _ The health-care sector, which includes some of the big medical marijuana names, helped Canada's main stock index notch a small gain Monday, while U.S. stock markets also closed up as geopolitical tensions eased. The S&P/TSX composite index ...

The FX market came face to face with an uncomfortable dilemma last week. The Federal Reserve's minutes were unanimously hawkish when looking at the near-term outlook.

The U.S. dollar started the week in a defensive posture versus major rivals, as traders appeared to perceive U.S.-led airstrikes on Syria over the weekend as an isolated event.

Despite this optimism, there is still the overhanging threat of retaliation by either Syria or its allies, such as Russia or Iran.