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The dollar was down on Thursday morning in Asia as the U.S. Federal Reserve meeting minutes revealed that policymakers s...
20/05/2021

The dollar was down on Thursday morning in Asia as the U.S. Federal Reserve meeting minutes revealed that policymakers suggested a slowdown of bond purchase due to a sign of accelerating inflation.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.08% to 90.123 by 11:53 PM ET (3:53 AM GMT).

The USD/JPY pair was down 0.07% to 109.14 as April's trade data released earlier in the day exceeded expectations. Exports grew 38.0% year-on-year, imports increased 12.8% year-on-year and the trade balance stood at JPY225.3 billion.

The AUD/USD pair edged up 0.17% to 0.7740. Employment data for April released earlier in the day said that the employment change decreased by 30,600 in April while the unemployment rate fell to 5.5%. Across the Tasman Sea, the NZD/USD pair edged up 0.13% to 0.7176.

The USD/CNY pair inched up 0.07% to 6.4385, with the People's Bank of China releasing the loan prime rate earlier in the day.

TOKYO (Reuters) -Bitcoin regained some ground on Thursday from the previous session's brutal slide to four-month lows bu...
20/05/2021

TOKYO (Reuters) -Bitcoin regained some ground on Thursday from the previous session's brutal slide to four-month lows but was weighed down by concerns over tighter regulation in China and unease over the extent of leveraged positions in the cryptocurrency world.

Bitcoin, the biggest and most popular cryptocurrency, rose 8.75% to touch $40,000, after plunging 14% on Wednesday to its lowest since late January.

Smaller rival ether was up 6.6% at $2,600 at 0630 GMT, but in extremely volatile trading after its 28% tumble on Wednesday.

Wednesday's declines in both digital assets were their biggest daily percentage moves in more than a year as investors rushed to exit trades that until recently were heartily outperforming traditional markets such as stocks and bonds.

The AUD/USD pair was down 0.24% to 0.7753, with the Reserve Bank of Australia due to release the minutes from its latest...
18/05/2021

The AUD/USD pair was down 0.24% to 0.7753, with the Reserve Bank of Australia due to release the minutes from its latest meeting on Tuesday. The NZD/USD pair fell 0.52% to 0.7216.

The USD/CNY pair inched up 0.03% to 6.4384. Chinese industrial production growth slowed down to 9.8% year-on-year in April, according to data released earlier in the day.

The GBP/USD pair inched down 0.04% to 1.4090. However, the pound was near a two-and-a-half-month high as the U.K. reopens its economy after a four-month lockdown.

NEW YORK (Reuters) - The dollar edged lower on Monday as inflation jitters, exacerbated by record high prices paid in a ...
18/05/2021

NEW YORK (Reuters) - The dollar edged lower on Monday as inflation jitters, exacerbated by record high prices paid in a regional U.S. manufacturing survey, benefited riskier currencies at the greenback's expense.

But the U.S. 10-year Treasury yield was little changed as market participants sought clues regarding the Federal Reserve's tolerance for near- and medium-term inflation.

"Given that since the dollar's sell-off last week it hasn't been able to bounce much, it tells me that the driver is not the foreign currency market but the interest rate market," said Marc Chandler, chief market strategist at Bannockburn Forex in New York. "And without higher interest rates it's hard to see how the dollar gets much traction."

The U.S. Federal Reserve is expected to release the minutes from its April monetary policy on Wednesday, which market participants will scrutinize for clues regarding the central bank's views on current inflation spikes.

"The Fed is still saying they're going to be very patient," Chandler added. "If the U.S. doesn't offer higher interest rates, the dollar bears the burden, and that's where we are now."

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