FXMM

Speculators lift short dollar bets to $8.60bn, CFTC data

Speculators lift short dollar bets to $8.60bn, CFTC data

The net short dollar position was $8.60 billion for the week ended May 26, compared with a net short position of $7.66 billion for...

Dollar weak vs. euro; Trump news conference on China on tap

Dollar weak vs. euro; Trump news conference on China on tap

The dollar, a safe-haven currency, found some support as traders awaited US President Donald Trump's response to China's tightening control over Hong Kong. The...

Sterling sinks to two-month low as Brexit fears loom

Sterling sinks to two-month low as Brexit fears loom

On Thursday, the EU's chief Brexit negotiator, Michel Barnie, called on Britain to be more realistic if it wants to clinch a deal on...

Russian rouble firms vs dollar to strongest level since early March

Russian rouble firms vs dollar to strongest level since early March

Oil prices rose on Thursday, erasing earlier losses, on signs US gasoline demand is rising despite a big surprise build in crude inventories and...

Dollar chains report surge in sales on coronavirus-driven demand

Dollar chains report surge in sales on coronavirus-driven demand

Dollar General, which reported its biggest rise in quarterly sales in at least 14 years on Thursday, said demand in stores has remained elevated...

Offshore yuan wallows near record low as Sino-US tensions worsen

Offshore yuan wallows near record low as Sino-US tensions worsen

The offshore yuan rebounded to 7.1845 per dollar as of midday, up from a record low of 7.1966 hit overnight. Sino-US trade tensions have...

Dollar stands its ground as Hong Kong tensions weigh

Dollar stands its ground as Hong Kong tensions weigh

The yuan, a barometer of US-China relations, hit a record low of 7.1966 per dollar in offshore trade on Wednesday and held close to...

Australia, NZ dollars rebuffed by resistance, fret on yuan fall

Australia, NZ dollars rebuffed by resistance, fret on yuan fall

The Aussie faded 0.4pc to $0.6592, having reached an 11-week top of $0.6680 on Wednesday only to stall short of resistance at $0.6685. It...

South African rand climbs to nine-week high vs dollar

South African rand climbs to nine-week high vs dollar

The rand traded at 17.3100 per dollar at 0615 GMT, up nearly 0.4pc from its previous close and its strongest since March 27. The...

Euro creeps higher on EU recovery fund optimism

Euro creeps higher on EU recovery fund optimism

Under the proposal, the EU Commission will disburse two-thirds of the funds in grants and the rest in loans to cushion the unprecedented slump...

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