10-04-2022 09:55 AM | Source: GEPL Capital
The U.S. dollar edged higher in early European trading Monday - GEPL Capital
News By Tags | #2767 #57

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News / Other data

* Chinese authorities have rolled out an array of tried-and-true manoeuvres in recent weeks to slow the yuan's slide, showing relative success compared with other battered currencies, but analysts say they face long odds against an unstoppable dollar.

* Sterling jumped against the dollar on Monday after Britain reversed a plan to cut the highest rate of income tax, and the dollar was also down against other major currencies

* Chile's sliding peso got a shot in the arm in July from a huge $25 billion central bank intervention, but in recent months has been one of the region's worst performers, showing how hard the battle is for policy makers countering a rampaging dollar.

* Japan stands ready to take "decisive" steps in the foreign exchange market if excessive yen moves persist, Finance Minister Shunichi Suzuki said on Monday, in a new warning against investors selling off the currency.

* The U.S. dollar edged higher in early European trading Monday, while sterling also gained after the U.K. government agreed to water down its plans for unfunded tax cuts.

* The weakening Malaysian ringgit, which is at its lowest since 1998, was not a reflection of the state of the nation's economy, its central bank governor said on Monday.

Data inference

* Actual greater than 'Forecast' is good for currency

 

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