|Day's range||6.765 - 6.811|
|52-week range||6.2342 - 6.8105|
Investing.com - U.S. President Donald Trump indicated that he is ready to impose tariffs on $500 billion worth of Chinese goods to the U.S. if China does not back down on its trade policies and shrugged off the impact on the stock market, sending waves through U.S. equities.
The U.S. dollar fell on Friday after U.S. President Donald Trump criticized the Federal Reserve for increasing interest rates but was still on target for a second week of gains. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.15% to 94.84 as of 5:36 AM ET (9:36 GMT). Despite the dip, the dollar was on target for a second straight week of gains and has risen more than 5% in the last three months due to expectations that interest rates will rise.
Investing.com – Oil prices edged higher on Friday as comments that Saudi Arabia’s exports would fall in August renewed expectations for a global shortage in crude supplies.
Investing.com – The yuan slumped further on Friday after the China’s central bank weakened its daily reference rate by the most since June 2016.
Investing.com - The dollar hit one-year highs against a currency basket on Thursday, sending the euro below the $1.16 level after bullish comments be Federal Reserve Chairman Jerome Powell cemented expectations for two more rate hikes this year.
Investing.com - The dollar rose against a currency basket on Thursday, to trade near one-year highs after hawkish comments by the chairman of the U.S. Federal Reserve underlined expectations for two additional rate hikes by the central bank this year.
Investing.com - The Australia’s dollar rose on Thursday after data showed the country’s employment surged in June, while the Chinese yuan fell after the central bank weakened its fixing beyond 6.7 for the first time since the currency began tumbling in June.
Investing.com – The dollar strengthened on Wednesday as Federal Reserve Chairman Jerome Powell presented a positive assessment of the U.S. economy during his semi-annual congressional testimony on Tuesday.
Investing.com – The Dollar firmed against its peers and traded near a six-month high against the yen on Thursday as the U.S. Labor Department's expectation-beating inflation report boosted confidence in the world's top economy.
Invesing.com – The yen climbed while the Aussie and the yuan retreated after the U.S. said it would impose tariffs on an extra $200 billion worth of Chinese imports on Tuesday.
Investing.com – The Chinese yuan continued to rebound from multi-month lows while the U.S. dollar remained flat in morning trade in Asia Tuesday.
Investing.com – Bitcoin slipped on Monday and continued to hover near $7,000 amid a lack of meaningful data. Although not a directional driver, a report by the PBOC caught some attention as it indicated the country’s tough stance on crypto trading has proven to be successful.
Investing.com – The dollar traded near its 3-1/2-week lows against its peers on Monday after data last week showed slower-than-expected wage growth.
The dollar index traded lower Friday, with most major rivals strengthening against the buck, after June data showed a stronger-than-expected rise in nonfarm payrolls as investors monitored the escalation of the U.S.-China trade skirmish. The ICE U.S. Dollar index (IFUS:DX-Y.NYB), which measures the greenback against six other currencies, fell 0.5% to 94.012, versus a level around 94.289 just ahead of the jobs report. The unemployment rate backed up to 4% from 3.8%, but was due to an increase in the size of the labor force.
Investing.com - The yuan slipped on Friday while the dollar was little changed as the U.S. began collecting tariffs on $34 billion in Chinese goods.
Investing.com – The dollar edged up on Thursday as market players prepare for a potential full-scale Sino-U.S. trade war.
The yuan (CNYUSD) had advanced as much as 0.7% against the dollar shortly after trading began in mainland China on Wednesday, but it then gave up some of its gain. In the offshore market, the Chinese currency (CNHUSD) also was strengthening, with one dollar (USDCNH)(CNH) at 6.6453 yuan.
Investing.com – The Chinese yuan stabilized against the dollar on Wednesday after touching its lowest levels in around 11 months overnight. Reports that the People’s Bank of China assured markets the central bank would keep the currency stable were cited as supporting the yuan.
Late Monday, Germany Chancellor Angela Merkel struck a deal on immigration with her coalition partners, seemingly resolving a spat that had continued since the administration took office. If she hadn’t reached an agreement, Germany could have headed back to the polls, which would have weighed on European assets. “The deal removes the risk of new elections in Germany and preserves the stability that Merkel has brought to eurozone’s largest economy,” said Boris Schlossberg, managing director of FX Strategy at BK Asset Management, in a note.
Investing.com – The dollar rose on Tuesday as traders continued to monitor developments on the trade front. The U.S. is set to impose a 25% tariff on $34 billion worth of Chinese goods before on Friday, while China said earlier that it would retaliate with duties on the same value of U.S. products.
Investing.com - U.S. futures pointed to a negative open on Monday, following global stocks lower as investors fretted over new threats of tariff retaliation against the U.S.