Dollar on back foot after weak ISM; Aussie awaits RBA
TOKYO, June 6 (Reuters) - The dollar languished well below last week's 2-1/2-month highs on Tuesday after unexpectedly soft U.S....
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Crypto shares tumble as Binance SEC lawsuit ripples through industry
June 5 (Reuters) - Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S. securities regulator sued crypto exchange Binance, another blow to the industry.The U.S. Securities and Exchange Commission sued Binance and its CEO Changpeng Zhao for secretly controlling Binance.US as part of a "web of deception" to evade U.S. laws, among other charges. Reuters earlier reported that Binance controlled its US affiliate’s bank accounts, despite claiming it was independent.The SEC also said Binance artificially inflated trading volumes on the platform, diverted customer funds and...
Dollar bears bide their time as US economic strength persists
NEW YORK, June 5 (Reuters) - A strong U.S. economy is giving an unexpected boost to the dollar, frustrating bearish...
EU’s top diplomat discusses Ukraine’s ammunition needs with South Korea
SEOUL, June 3 (Reuters) - The European Union's top diplomat, Josep Borrell, said he met South Korea's defence minister on...
California, New York pension funds vote against Toyota chairman
Proxy advisory firms have raised issues about governanceSlow rollout of electric vehicles has attracted criticismCompany says chairman is key to...
Dollar sags as Fed bets ebb, debt bill passes; Aussie soars
TOKYO, June 2 (Reuters) - The U.S. dollar wallowed near a one-week low versus major peers on Friday, on course...
Dollar stumbles as signs point to Fed skipping June rate hike
June 1 (Reuters) - The dollar was on track for its worst daily loss in nearly a month on Thursday as U.S. manufacturing data and comments by Federal Reserve officials reinforced expectations the Federal Reserve will likely skip an interest rate hike at its upcoming meeting.The euro recovered from a two-month low on Thursday after European Central Bank (ECB) President Christine Lagarde said further policy tightening was necessary.The dollar index , which measures the currency against a basket of six peers, fell 0.547% at 103.580, off a two-month high of...
Foreigners pull more money out of China in May
June 1 (Reuters) - Foreign investors' selling of Chinese shares gained some momentum in May, as flagging domestic demand and...
Dollar eases as deal over US debt ceiling lifts risk appetite
SINGAPORE, May 30 (Reuters) - The U.S. dollar fell on Tuesday against a basket of major currencies but did not...
Morning Bid: Relief rally eyed on US debt ceiling deal
May 29 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever.Optimism and relief are likely to be the dominant emotions for investors on Monday, giving markets in Asia a lift as lawmakers in Washington reached a tentative agreement on the U.S. debt ceiling, thus removing the risk of a catastrophic default.Trading and market liquidity in Asia will be lighter than usual, however, with U.S. and UK markets closed for holidays, opening up the potential for outsized market moves.If so, they are likely to be outsized...