SINGAPORE :The dollar was steady on Friday, heading for its strongest weekly performance since July on scaled back expectations of steep and early interest rate cuts this year ahead of closely watched U.S. payrolls data later in the day.The U.S. currency's strong start has cast a shadow on the Japanese yen, w
NEW YORK/LONDON :The dollar edger higher on Friday but is set to end 2023 with its first yearly loss since 2020 against the euro and a basket of currencies, on expectations the U.S. Federal Reserve will begin cutting rates next year as inflation moderates.Questions for 2024 will be when the Fed begins cuts, a
SINGAPORE : The dollar nursed steep losses on Thursday and was headed for a yearly decline after two years of strong gains as expectations of interest rate cuts from the Federal Reserve next year grip markets.With the year coming to a close, thin liquidity and limited moves are expected until the New Year
LONDON :The dollar slipped to a five-month low on Wednesday and the euro touched a four-month peak on expectations that the Federal Reserve could soon cut interest rates, but thin year-end trading flows limited moves. With many traders out for holidays, volumes are likely to be muted until the New Year.
SINGAPORE :Sterling crosses nursed losses on Thursday, while the yen found a footing in holiday-thinned trade ahead of the last major data release of the year in Friday's U.S. inflation figures.Sterling suffered its sharpest drop on the dollar in two months on Wednesday after British inflation dived below for