Erdogan confirms ‘sultanate,’ Turkish lira heading for new lows
Investing.com – With 52% of the votes, Recep Tayyip Erdogan has been confirmed as Turkey’s president until 2028, beating opposition leader Kemal Kilicdaroglu, who garnered just under 48% of the votes, in the second round. Speaking after the victory,…
Asia FX muted, dollar steady as Fed fears stifle debt deal cheer
Investing.com — Most Asian currencies kept to a tight range on Monday, while the dollar steadied at a two-month high as signs of sticky inflation and rising U.S. interest rates largely offset optimism over a U.S. debt ceiling deal….
After inauguration fanfare, immense economic challenges await Nigeria’s Tinubu
3/3 FILE PHOTO: An All Progressives Congress (APC) supporter carries a book with a picture of presidential candidate of the APC, Bola Tinubu who was declared the winner of Nigeria’s 2023 presidential election, in Abuja, Nigeria, March 1, 2023. REUTERS/Esa…
Dollar set for another positive week on raised Fed hike expectations
Investing.com – The U.S. dollar edged lower in early European trading Friday but was on course for its third consecutive weekly gain as U.S. rate hike expectations grow. At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the…
Asia FX recoups some weekly losses, dollar steady amid debt ceiling impasse
Investing.com– Most Asian currencies rose on Friday, recovering from steep losses this week, while the dollar steadied below two-month highs as markets awaited more cues on progress towards raising the debt ceiling. The Japanese yen rose 0.2%, but was…
Dollar in demand after Fitch signals possible U.S. rating downgrade
Investing.com – The U.S. dollar gained in Europe Thursday, climbing to a two-month high on rising fears of a U.S. default as Fitch threatens a rating downgrade. At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback…
Asia FX weakens amid debt ceiling woes, dollar at two-month high
Investing.com — Most Asian currencies slid on Thursday, while the dollar hit a two-month high as uncertainty over raising the U.S. debt limit and averting a default saw investors avoid risk-driven assets. Worsening sentiment towards China also weighed on…
Dollar ascendant amid resilient US economy, haven demand
FILE PHOTO: An advertisement poster promoting China’s renminbi (RMB) or yuan , U.S. dollar and Euro exchange services is seen outside at foreign exchange store in Hong Kong, China August 13, 2015. REUTERS/Tyrone Siu/File Photo By Kevin Buckland TOKYO…
Goldman Sachs doubts the bullish potential of EUR/USD, confirms target at 1.10
© Shutterstock Investing.com — After an April that yielded a yearly high of 1.1095, the EUR/USD has so far had a rough month of May, with the currency pair dropping to a low of 1.0760 on Tuesday and remaining…
Dollar stabilizes ahead of Fed minutes as debt negotiations continue
Investing.com – The U.S. dollar stabilized in early European trade Wednesday, remaining close to last session’s two-month high given the lack of progress in negotiations over raising the U.S. debt ceiling. At 02:55 ET (06:55 GMT), the Dollar Index,…