Investing.com – The dollar edged lower against the yen on Tuesday as concerns over North Korea kept investors wary and the euro hit one-week highs following upbeat German trade data and hawkish remarks by a European Central Bank official. USD/JPY dipped 0.12% to 112.56 by 03:15 AM ET (07:15 GMT). The pair had hit an almost […]
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Forex – PBOC Sets Yuan Parity At 6.6273 Against Dollar
Investing.com – The People’s Bank of China set the yuan mid-point at 6.6273 against the dollar on Tuesday, after the previous close of 6.6248. The China Foreign Exchange Trade System sets the weighted average of prices given by market makers. The highest and lowest offers are excluded from the calculation. The central bank allows the […]
Dollar steadies after edging back from 10-week peak
By Shinichi Saoshiro TOKYO (Reuters) – The dollar steadied on Tuesday after edging away from a 10-week high overnight, taking support from underlying expectations that improved prospects for the U.S. economy would prompt the Federal Reserve to raise interest rates later this year. The dollar index against a basket of six major currencies was a shade higher […]