The dollar gained broadly on Monday as protests against COVID restrictions in China stoked uncertainty and dented sentiment, sending the yuan sliding and pushing nervous investors toward the safe-haven greenback.
The dollar gained broadly on Monday as protests against COVID restrictions in China stoked uncertainty and dented sentiment, sending the yuan sliding and pushing nervous investors toward the safe-haven greenback.
Gold prices slipped on Monday, as a stronger U.S. dollar made the greenback-priced metal more expensive for buyers holding other currencies. FUNDAMENTALS. * Spot gold was down 0.2% at $1,752.66 per ounce, as of 0016 GMT.
Argentina on Friday announced a more generous exchange rate for U.S. dollars brought in through soy exports until the end of the year, seeking to rev up exports of its top cash crop and bring much-needed dollars to central bank coffers.
Argentina will reestablish a preferential currency exchange for soybean exports until the end of the year, economy ministry sources said on Friday, looking to rev up exports of its top cash crop and bring in much-needed dollars.
* Canadian dollar weakens 0.3% against the greenback. * Trades in a range of 1.3318 to 1.3398. * Canadian bond yields ease across curve. The Canadian dollar weakened against its U.S. counterpart on Friday, giving back its weekly gain, as oil prices fell and the greenback gained ground against a basket of major currencies.
Most emerging market currencies fell
on Friday, as the U.S. dollar clawed back some lost ground,
while Mexico's peso rose after data showed the economy grew in
the third quarter.
The dollar edged higher across the board on Friday in a quiet session following the U.S. Thanksgiving holiday but remained near multi-month lows as the prospect of the Federal Reserve moderating the pace of its policy tightening weighed on the U.S. currency.
Argentina will reestablish a preferential currency exchange for soybean exports until the end of the year, an economy ministry source said on Friday, looking to rev up exports of its top cash crop and bring in much-needed dollars.
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