FOREX-Dollar eases as traders look to central banks for cues

(Updates to U.S. afternoon) By Saqib Iqbal Ahmed NEW YORK, Jan 25 (Reuters) – The dollar slipped against the euro on Wednesday, but its losses were capped as traders were hesitant to make any big bets ahead of next week’s central bank meetings, including the Federal Reserve and the European Central Bank. In addition, much … Read more

TAL Education Clocks 77.2% Top-Line Decline In Q3 Hit By Seasonality & Forex Fluctuations

TAL Education Group (NYSE: ) reported a  year-on-year to $232.7 million, missing the consensus of $239.83 million. Operating costs and expenses declined 76.6% Y/Y to $266.3 million. Gross profit decreased 74.1% Y/Y to $129.7 million with a gross margin of 55.7%. Operating loss for the quarter narrowed to $(32.9) million compared to a loss of $(108.4) million … Read more

FOREX-Dollar slips near seven-month lows after jobs data

(Updates throughout) By Amanda Cooper LONDON, Jan 9 (Reuters) – The U.S. dollar on Monday neared its lowest in seven months against other major currencies, after data last week suggested the Federal Reserve could slow the pace of its rate hikes, while China re-opening its borders boosted riskier currencies. China’s offshore yuan neared its highest … Read more

FOREX-Dollar holds on to gains after rallying on rate hikes

By Harry Robertson and Kevin Buckland LONDON/TOKYO, Dec 16 (Reuters) – The dollar was little changed on Friday after jumping in the previous session, as traders analysed a raft of central bank rate hikes and grappled with the prospect that borrowing costs still have a way to climb. The euro was flat against the dollar … Read more

FOREX-Dollar holds firm on upbeat U.S. data, RBA rate rise lifts Aussie

By Joice Alves and Kevin Buckland LONDON/TOKYO, Dec 6 (Reuters) – The U.S. dollar index held firm on Tuesday, following its biggest rally in two weeks after strong services data in the United States fuelled expectations for higher interest rates from the Federal Reserve than recently projected. The Australian dollar perked up from near one-week … Read more

FOREX-Yuan rallies on hopes of COVID policy relief; dollar falters

By Harish Sridharan Nov 29 (Reuters) – The yuan jumped against the dollar on Tuesday ahead of a COVID-19 press briefing in China that is spurring hopes of a potential easing in the country’s strict pandemic restrictions following an unprecedented episode of unrest. The offshore yuan surged 1.2% to 7.1607 a dollar after a statement … Read more

FOREX-Dollar steadies as China tightens COVID curbs

By Rae Wee and Alun John SINGAPORE/LONDON, Nov 22 (Reuters) – The dollar steadied on Tuesday after rallying the previous day as investors flocked to the safe haven currency on worries over China’s COVID flare-ups, while bitcoin came under pressure after fears of fresh contagion from the collapse of crypto exchange FTX. The euro was … Read more

FOREX-Dollar bounces as U.S. economy sends mixed signals; sterling drops

By Harry Robertson LONDON, Nov 17 (Reuters) – The dollar rose on Thursday as investors digested mixed U.S. economic data, while the British pound fell as the UK government unveiled its latest budget update. The greenback has tumbled in recent weeks as inflation data and comments from Federal Reserve officials have suggested that the central … Read more

FOREX-Dollar rally fizzles as traders reassess risks from Poland

By Kevin Buckland and Ankur Banerjee TOKYO, Nov 16 (Reuters) – The safe-haven U.S. dollar’s early gains fizzled following volatile trading on Wednesday as traders took comfort from U.S. President Joe Biden’s remarks that a missile that caused a explosion in Poland may not have been fired from Russia. NATO-member Poland and Ukraine say the … Read more

FOREX-Dollar stems losses as investors await midterm results; cryptos jittery

By Tom Westbrook and Alun John SINGAPORE/HONG KONG, Nov 9 (Reuters) – The dollar steadied near its weakest in two months against the euro on Wednesday as traders waited on results from U.S. elections and on inflation data this week that will guide expectations for the interest rate outlook. Cryptocurrencies were also top of mind … Read more