* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. * Dollar holds onto gains versus yen. * Saudi Arabia taps reserves to ease oil supply shocks. * Fed money market operation unsettles futures pricing. * Sterling grinds higher but sentiment still weak. By Stanley White.
The Canadian dollar was little
changed against its U.S. counterpart on Tuesday, with the
currency recovering from a near two-week low hit after
weaker-than-expected domestic factory data as the ...
Brazil's real turned positive and the
Mexican peso hit a session high on Tuesday after Saudi Arabia's
energy minister said the kingdom will restore its lost oil
output by the end of ...
The U.S. dollar fell on Tuesday in range-bound trading on the eve of an expected interest rate cut by the Federal Reserve, weakened by a fall in oil prices and a stronger euro. Oil prices dropped about 6% on Tuesday after Saudi Arabia's energy minister said the kingdom had fully restored its oil production, following an attack over the weekend that shut down 5% of global oil output.
German Finance Minister Olaf Scholz said on Tuesday that policymakers could not accept the emergence of parallel currencies, adding that Berlin would reject any such plans. Facebook's (FB) planned Libra is the most well-known of the stablecoins, cryptocurrencies backed by assets such as traditional money deposits, short-term government securities or gold.
The dollar fell on Tuesday in choppy range-bound trading on the eve of
an expected U.S. interest rate cut from the Federal Reserve, with markets anxious about an overnight spike
in dollar funding ...
Latin American currencies slumped on
Tuesday as investors shied away from riskier assets ahead of key
central bank meetings, while concerns over geopolitical tensions
stemming from attacks on Saudi ...
The dollar dipped on Tuesday in choppy range-bound trading on the eve of
an expected U.S. interest rate cut from the Federal Reserve, but the greenback drew support from
geopolitical tensions.
The Canadian dollar weakened
against its U.S. counterpart on Tuesday, approaching Friday's
nine-day low, as oil prices fell and domestic data showed a
bigger-than-expected drop in manufacturing ...
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. The dollar firmed within sight of a recent two-year high on Tuesday on the back of ongoing geopolitical risks in the Middle East with investors looking forward to an interest rate cut by the U.S. central bank on Wednesday.
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