The U.S. dollar traded in a stable fashion in Europe Tuesday, while the yen soared in the wake of suspected intervention by the government last week.   At 05:40 ET (09:40 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, edged 0.1% higher to 104.067, bouncing from last week’s four-month

Barclays addressed concerns about the future of the U.S. dollar (USD), asserting that reports about its demise are overstated despite the current political climate. The firm’s confidence in the currency comes amid a tumultuous political landscape, with the Republican party nominating Trump and Vance, and the Democratic party experiencing significant changes following President Biden’s announcement

LONDON (Reuters) – The euro held steady on Thursday, as did euro zone government bond yields after the European Central Bank left interest rates unchanged, and did not signal a cut in September was imminent. The euro was last at $1.09325, having traded around $1.09278 earlier. Against the pound, the euro was up 0.12% on

TOKYO (Reuters) -Japan is suspected to have intervened in the foreign exchange market to prop up the yen on several occasions this month, underscoring its discomfort over the pain the currency’s fall is inflicting on households because of costlier imports. While the authorities have not confirmed whether they stepped in, the following explains Tokyo’s intervention

Most Asian currencies weakened on Friday as fears of more trade ructions between the U.S. and China dented sentiment, with the dollar benefiting from safe-haven demand even as bets on interest rate cuts persisted. The dollar index and dollar index futures recovered a measure of recent losses, rising 0.1% each in Asian trade and coming on track for their

The U.S. dollar rose slightly Friday, on course for a positive week, while sterling slipped after the release of weak retail sales data. At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher to 104.065, rebounding from near four-month lows and on track

The Federal Reserve is widely expected to raise interest rates by a half of a percentage point for the second consecutive time at the end of its next meeting on June 15. After that, all bets are off. Bigger rate hikes could be in the cards as consumer prices surge.   More rate hikes are likely in the coming months

By Michael Elkins The National Highway Traffic Safety Administration (NHTSA) announced Thursday that it would be upgrading its probe into Tesla (NASDAQ:TSLA) to include 830,000 vehicles with Full Self-Driving systems, almost everything that Austin, Texas-based Tesla has sold in the U.S. since the start of the 2014 model year. The agency says the investigation will

(Reuters) – Wall Street’s main indexes slipped in choppy trading on Thursday as technology and growth stocks struggled for direction amid rising bond yields and weaker risk appetite on concerns around surging inflation and aggressive interest rate hikes. Nine of the 11 major S&P sectors declined in morning trade, with energy and materials among the

Why gold? What exactly do forex traders and gold have in common? The two markets are actually interrelated and can complement each other. This happens because the prices of gold and the U.S. dollar move in opposite directions at times, and traders can capitalize on this by trading the two commodities together in their Forex