• Asia FX Edges Higher, Korean Won Surges Even As BOK Holds

    Asia FX Edges Higher, Korean Won Surges Even As BOK Holds0

    • Asia
    • February 23, 2023

    Most Asian currencies rose on Thursday, recovering a measure of recent losses as the dollar saw some profit taking, with the won appreciating sharply even as the Bank of Korea held interest rates after 18 months of hikes. The South Korean won rose 0.6% and was the best-performing Asian currency for the day, even as

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  • Dollar Edges Lower; Fed Minutes Loom Large

    Dollar Edges Lower; Fed Minutes Loom Large0

    The U.S. dollar edged lower in early European trade Wednesday, handing back some of the previous session’s gains as traders cautiously await the release of the minutes of the Federal Reserve’s February meeting. At 02:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower

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  • European Stock Futures Higher; U.K. GDP Grows in November

    European Stock Futures Higher; U.K. GDP Grows in November0

    • Asia
    • January 13, 2023

    European stock markets are expected to open slightly higher Friday, with investors focusing on a deluge of important economic data, including U.K. growth data for November, as well as earnings from the U.S. banking sector. At 02:00 ET (07:00 GMT), the DAX futures contract in Germany traded 0.1% higher, CAC 40 futures in France climbed

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  • Asia FX inches Higher Ahead of Powell speech, China optimism Fades

    Asia FX inches Higher Ahead of Powell speech, China optimism Fades0

    • Asia
    • November 30, 2022

    Most Asian currencies crept higher on Wednesday as markets awaited more cues on U.S. monetary policy from Federal Reserve Chair Jerome Powell, although weak economic data from China and uncertainty over the country’s COVID policy weighed on sentiment. Still, most regional units were set to end November substantially higher on a weaker dollar and expectations

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