The U.S. dollar strengthened against the other major currencies in the Asian session on Tuesday. The U.S. dollar rose to a 2-1/2-month high of 121.78 against the yen and nearly a 1-1/2-month high of 1.2327 against the Canadian dollar, from yesterday’s closing quotes of 121.54 and 1.2307, respectively. Against the euro, the pound and the
The Chinese yuan weakened against the U.S. dollar in the Asian session on Monday. Against the greenback, the yuan fell to a 4-day low of 6.1990. At Friday’s close, the yuan was trading at 6.1974 against the greenback. If the yuan extends its downtrend, it is likely to find support around the 6.24 area. The
The Swiss franc strengthened against the other major currencies in the Asian session on Thursday. The Swiss franc rose to a 3-day high of 129.74 against the yen and a 2-day high of 0.9333 against the U.S. dollar, from yesterday’s closing quotes of 129.45 and 0.9368, respectively. Moving away from an early low of 1.0398
The dollar is climbing against all of its major competitors Tuesday, extending its gains from the previous session. Today’s gains are being driven by the stronger than expected U.S. housing starts report and comments from ECB officials. New residential construction in the U.S. showed a substantial increase in the month of April, according to a
The Australian dollar weakened against the other major currencies in the Asian session on Friday, as the extended sell-off in iron ore prices fueled speculation that the Reserve bank will announce further rate cuts. Iron ore prices, which is Australia’s leading export commodity, extended its losing streak to a third session overnight. The falling iron
