The yen that dropped in early Wednesday Asian deals after the Bank of Japan released its quarterly Tankan survey report at 7:50 pm ET reversed direction shortly. The yen thus moved off slightly from a 2-month low against the euro and multi-day lows against the aussie, NZ dollar and the Swiss franc. The Bank of
During early Asian trading on Wednesday, the Chinese yuan rose to a new high of 6.6235 against the US dollar as the People’s Bank of China set the yuan’s central parity rate at a record high of 6.6936. The central parity rate for the dollar-yuan pair was up from Tuesday’s 6.7051. The domestic currency has
The US dollar that drifted slightly higher against most of its major rivals around 9:00 am ET Tuesday reversed its direction shortly after the report showed that home prices in July increased at a slower annual rate compared to June. The report showed that the S&P/Case-Shiller 20-City Composite Home Price Index increased at an annual
The dollar failed to mount a challenge versus other currencies on Monday, amid growing speculation that the Federal Reserve is about to further ease monetary policy. The central bank may take up arms against a possible double-dip recession with one of the few quivers left in its bag — another round of asset purchases. Interest
During early European deals on Monday, the euro declined against the currencies of U.S., Japan and Switzerland despite a rise in European stocks. The euro thus eased from a 10-day high against the franc. But the euro largely showed choppy trading against the pound. European stocks opened higher today, following a positive close in Asia
