The U.S. dollar rose to its strongest levels in six weeks in early Asian trading on Wednesday as risks around the U.S. government shutdown intensified, sparking fresh investor worries and boosting demand for safe haven assets. The dollar index, which measures the greenback’s strength against a basket of six currencies, rose 0.50% to 98.616, its … Read more
The dollar got off on the front foot on Wednesday following two days of gains as traders awaited the Federal Reserve‘s Jackson Hole annual symposium later this week for clues on the path for monetary policy. A speech on Friday by Fed Chair Jerome Powell is the main focus, with the market watching for any … Read more
The dollar drifted sideways on Wednesday, giving some relief to the yen and other major currencies after a sharp rally to a seven-week high last week, as investors paused to assess the interest rate path outlook for the United States. The New Zealand dollar slumped to its lowest since Aug. 19 at $0.6096, after the … Read more
The Australian and New Zealand dollars kept a rally alive on Wednesday as markets pondered the outlook for interest rates ahead of some key inflation reports. The Aussie firmed to $0.6735, having added 0.4% overnight. It faces resistance at $0.6750 ahead of the recent seven-week top of $0.6808, while support lies at $0.6681. The kiwi … Read more