Forex

19/04/2018          10:30 am   

  • The dollar was steady against a basket of its peers on Thursday, supported by higher long-term U.S. Treasury yields on improving investor appetite for risk assets, though lingering concerns over U.S.-China trade tensions checked the greenback.
  • Investors trimmed their long positions in most emerging Asian currencies in the last two weeks, a Reuters poll showed, as the dollar bounced back amid improving appetite for riskier assets and upbeat U.S. economic data.
  • Hong Kong’s central bank said on Thursday it has confidence in the financial hub’s more than three-decade old peg to the U.S. dollar, even as it continued to intervene to prop up the currency and as interbank rates jumped to a 10-year high.
  • Sterling briefly hit a four-day low on Wednesday after British inflation cooled unexpectedly, raising concerns that the Bank of England might not implement further increases to interest rates after next month’s expected hike.
  • The rouble fell on Wednesday to its lowest levels since 2016 as tensions with the United States over new punitive sanctions and the conflict in Syria eclipsed any benefit from higher oil prices.
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