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Dollar marks time ahead of holiday, U.S. data
TOKYO/SYDNEY (Reuters) - The dollar edged lower against the yen on Wednesday but mostly stuck to recent ranges ahead of the U.S. Thanksgiving holiday, while the Australian dollar wallowed near four-year lows against the greenback. A spate of U.S. data is slated for release ahead of Thursday`s holiday, including the final November consumer senti...
Euro steadies after German survey, Aussie slips
SYDNEY/TOKYO (Reuters) - The euro steadied on Tuesday after it rebounded against the dollar, thanks to a short squeeze that followed an encouraging improvement in German business sentiment. Further supporting the euro zone common currency, the head of the Bundesbank warned about the legal hurdles the European Central Bank would face if it went ...
China rate cut knocks legs from under yuan rally, more volatility seen
SHANGHAI (Reuters) - China`s surprise interest rate cut is another step toward softening the country`s exchange rate, setting the yuan on course to end the year lower for the first time since its landmark revaluation in 2005. The People`s Bank of China (PBOC) cut one-year benchmark lending rates on Friday, a move celebrated by Chinese corporate...
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