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ANALYSIS-'Asian crisis in reverse' as currencies soar on the dollar
Taiwan dollar rockets to record gainsSing dollar near decade high, ringgit, yuan, baht and won rise'Asian demand for dollars is waning' - analystBy Rae Wee and Samuel Shen SINGAPORE/SHANGHAI, May 6 (Reuters) - A wave of dollar selling in Asia is an ominous sign for the greenback as th...Reuters
Tue, May 6
EUR/USD moves slightly higher as US Dollar trades cautiously ahead of Fed policy decision
EUR/USD ticks up to near 1.1350 in Tuesday’s European session. The major currency pair edges higher as the US Dollar (USD) trades cautiously, with investors focusing on the Federal Reserve’s (Fed) interest rate decision, which will be announced on Wednesday.
Fxstreet
Tue, May 6
Argentex secures fresh credit facility and revamps board as trading resumes
LONDON, May 6 (Reuters) - Argentex Group AGFX.L resumed trading on London's AIM on Tuesday after securing an initial six month 20 million pound ($26.57 million) revolving credit facility with IFX Payments, the UK currency risk manager said in a statement.Argentex's shares had been suspended...Reuters
Tue, May 6
Swiss National Bank ready to take rates below zero to tackle low inflation
ZURICH, May 6 (Reuters) - The Swiss National Bank is ready to intervene in the foreign currency markets and cut interest rates even below zero to prevent inflation falling below its price stability target, Chairman Martin Schlegel said on Tuesday."No one likes these negative interest rates, obvi...Reuters
Tue, May 6
Argentex secures fresh credit facility and revamps board as trading resumes
LONDON, May 6 (Reuters) - Argentex Group AGFX.L will resume trading on London's AIM on Tuesday after securing an initial six month 20 million pounds ($26.57 million) revolving credit facility with IFX Payments, the UK currency risk manager said in a statement.Argentex's shares have been susp...Reuters
Tue, May 6
China's yuan jumps to 1-1/2-month high as carry trades unwind
SHANGHAI, May 6 (Reuters) - China's yuan advanced to a 1-1/2-month high against the dollar on Tuesday, underpinned by an unwinding of carry trades and a broader rush out of U.S. assets into Asia.The onshore yuan CNY=CFXS rose to a high of 7.2203 per dollar at one point, its strongest level since...
Reuters
Tue, May 6
FOREX-Dollar under pressure as Asian counterparts charge higher
Taiwan dollar steadies after surging at start of weekHong Kong buys $7.8 billion to maintain currency pegInvestors still selling U.S. dollarsBy Rae Wee SINGAPORE, May 6 (Reuters) - The dollar struggled to make headway on Tuesday as an unprecedented two-day surge in its Taiwanese counterpart spill...Reuters
Tue, May 6
China's yuan jumps to 1-1/2 month high on hopes of thaw in Sino-US trade war
SHANGHAI, May 6 (Reuters) - China's yuan leapt to a 1-1/2-month high against the dollar on Tuesday, the first trading session after the holiday, underpinned by investor hopes of a trade deal between the world's two largest economies. The offshore counterpart CNH=D3, which remained open durin...Reuters
Tue, May 6
Australia, New Zealand currencies slip from recent highs as Taiwan dollar steadies
SYDNEY, May 6 (Reuters) - The Australian and New Zealand currencies slipped from their recent highs on Tuesday as a relentless rise in the Taiwanese dollar took a breather, with traders shifting their focus to the U.S. monetary policy meeting a day later. The Aussie AUD=D3 eased 0.3% to $0.6448, hav...Reuters
Tue, May 6
China's yuan jumps to 1-1/2 month high on hopes of thaw in Sino-US trade war
SHANGHAI, May 6 (Reuters) - China's yuan leapt to a 1-1/2-month high against the dollar on Tuesday, the first trading session after the holiday, underpinned by investor hopes of a trade deal between the world's two largest economies. The offshore counterpart, which remained open during the l...Reuters
Tue, May 6
