Dollar restrained by surge in Asian counterparts

Dollar Pressured by Asian Currency Surge as Taiwan Dollar Rally Ripples Across Markets

The dollar struggled to make headway on Tuesday as an unprecedented two-day surge in its Taiwanese counterpart spilled over to other regional peers and highlighted the fragility of the U.S. currency. Hong Kong's de-facto central bank said earlier in the day it bought $7.8 billion (HK$60.5 billion) to stop the local currency from strengthening and breaking its peg to the U.S. dollar. Investors were also awaiting actual progress in trade negotiati…

Dollar restrained by surge in Asian counterparts

SINGAPORE: The dollar struggled to make headway on Tuesday as an unprecedented two-day surge in its Taiwanese counterpart spilled over to other regional peers and highlighted the fragility of the US currency. © New Straits Times Press (M) Bhd

Asian Currencies in Focus as Dollar Falters: Markets Wrap

Traders will be keeping a close eye on Asian foreign exchange developments on Tuesday, with the reverberations of US President Donald Trump’s trade war jolting the greenback and threatening to upend currency markets.

USD/CNH can rise further to 7.2400 – UOB Group

Rebound amid apparent positive divergence suggests US Dollar (USD) could rise further to 7.2400 vs Chinese Yuan (CNH); strong resistance at 7.2800 is unlikely to come under threat. In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700,

$US steadies as focus shifts to Asian currencies

MSCI's broadest index of Asia-Pacific shares outside Japan is trading lower with Japan's market closed for a holiday.

US Dollar Struggles in Holiday-Reduced Asian Markets

US Dollar Pressured in Holiday-Thinned Asian Markets In recent updates from the global currency markets, the US dollar is experiencing downward pressure during a period of low trading activity across Asia. This situation is largely attributed to reduced liquidity as many traders take time off for the holiday season. With fewer participants in the market, price fluctuations have become more pronounced, prompting traders to exercise caution. As we…