Major currencies traded within narrow ranges on Tuesday, before European and Chi...
LONDON - Major currencies traded within narrow ranges on Tuesday, before European and Chinese data that may indicate the worst is over for the global economy.
Market volatility has eased to multi-year lows in recent weeks. Moves have been limited, though optimism over U.S.-China trade talks and strong Chinese economic data seem to be pushing investors out of safe havens and into riskier currencies, seeking higher yields.The dollar edged up against a basket of other major currencies on Tuesday, with investors cautious as they looked for signs of stabilization in the global economy. The dollar index was last up 96.
The Reserve Bank of Australia believes cutting interest rates would be “appropriate” if inflation stays low and unemployment rises, the central bank’s April board meeting minutes showed.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Major currencies tread water ahead of euro zone, China dataMajor currencies remained confined to well-trodden ranges on Tuesday, as markets...
Read more »
Oil scores best run in three years as dollar, stocks tread waterSigns of a stabilisation in China's giant economy and a soggy dollar helped...
Read more »
Dollar up as key global data awaited, Australia hit by RBA's dovish toneThe dollar edged up against a basket of its key rivals on Tuesday with investors...
Read more »
Dollar up as key global data awaited, Aussie hit by RBA's dovish toneThe dollar edged up against a basket of its key rivals on Tuesday with investors...
Read more »
Asian shares tread water amid mixed growth signalsAsian shares were flat and U.S. Treasury yields pulled back on Friday as investo...
Read more »
Dollar shored up by strong U.S. data, commodity currencies sagThe dollar held firm on Friday after strong U.S. labour and inflation data sooth...
Read more »
Fed must 'tread carefully' given market signals on outlook: BullardSt. Louis Federal Reserve President James Bullard said the Federal Reserve needs to 'tread carefully' to keep the economy growing. Financial markets are sending worrisome signals about the U.S. economic outlook, Bullard said.
Read more »
What is currency speculation anyway?Governments in several countries have blamed speculators for influencing the exchange rate without any economic justification.
Read more »
Japan’s Golden Week could provide opportunities for currency traders, but business as usual for bond investorsFor yen investors, fluctuations in the currency have traditionally been correlated with equity markets and the broad industry sentiment. As risk appetite falls, investors flock to haven-related assets such as the Japanese yen.
Read more »