The dollar slid to two-week lows on Thursday, with safe-haven demand for the currency waning as investors grew optimistic about progress towards a U.S.-China trade deal and agreement on Britain's exit from the European Union.
The British pound on Tuesday jumped to its highest level since mid-May against the dollar following a report that officials were close to a deal for Britain to exit the European Union.
Sterling rose on Tuesday to a five-month high against the euro after the European Union's chief Brexit negotiator said a deal with Britain over the terms of Britain's departure was still possible this week.
A broadening rally in the British pound was cut short on Friday after European Council President Donald Tusk said Britain hasn't come up with a "realistic and workable" solution to resolve the Brexit deadlock.
British 10-year government bond yields recorded their biggest one-day rise in nearly four years on Thursday after Irish Prime Minister Leo Varadkar said Brexit talks with his British counterpart Boris Johnson had been "very positive".
The U.S. dollar rose to a one-week high against the safe-haven Japanese yen on Wednesday on revived hopes for an amicable resolution to the U.S.-Chinese trade war, after a report that China is still open to agreeing to a partial trade deal with the United States.
Sterling went on a roller coaster ride on Wednesday, jumping on reports of a breakthrough on the Irish backstop and then giving up its gains as hopes of progress on a key sticking point for a Brexit deal were dashed.
The British pound nursed losses on Wednesday, after hitting a one-month low on reports that Brexit talks between Britain and the European Union were close to breaking down, while the dollar weakened slightly on rising trade tensions.
The dollar fell against the safe-haven Japanese yen on Tuesday, pressured by renewed worries about trade, but the greenback strengthened against other currencies as Federal Reserve Chair Jerome Powell refrained from committing to more rate cuts even after data showed an...
Sterling fell to one-month lows against the dollar and the euro on Tuesday, as investors took fright at reports that Brexit talks between Britain and the European Union were close to breaking down.
The dollar edged higher against a basket of currencies on Monday as traders awaited U.S.-China trade talks later in the week for clues to the state of the prolonged trade war between Washington and Beijing, even as chances of a deal appeared low.
Turkey's lira slid to its lowest level against the dollar in more than a month on Monday over concerns about Ankara's planned incursion in northern Syria and a warning from President Donald Trump that he could "obliterate" the Turkish economy.
The British pound broke a two-day rising streak and edged lower on Monday as concerns rose that sizeable differences between Britain and the European Union remained for striking a Brexit withdrawal deal.
Sterling fell in early London trading on Monday as investors grow increasingly concerned that Britain and the European Union were no closer to agreeing a Brexit withdrawal deal.
The dollar inched lower on Friday, giving up gains fueled by a generally solid U.S. jobs report that slightly underperformed expectations, as investors worried about political risk in the United States and ongoing trade talks with China.
The pound fell on Friday and was struggling to mark its first weekly gain in three weeks, as concerns over whether Britain can agree a Brexit deal with the European Union at a summit later this month rattled investors.
Sterling will get a post-Brexit bounce in the month after if Britain leaves the European Union with a deal but suffer further losses against the dollar in the event of a disorderly departure, a Reuters poll found.
The U.S. dollar will continue its rally for at least another six months with no contender in sight to challenge its dominance, a Reuters poll of foreign exchange analysts found.
The dollar fell to a four-week low against the yen and a one-week trough versus the euro on Thursday, as investors fretted that weakness in both the U.S. manufacturing and service sectors signals a slowdown in the world's largest economy.Expectations that the United States...
Sterling jumped to an eight-day high on Thursday after the head of a group of eurosceptic lawmakers in Prime Minister Boris Johnson's Conservative Party said the government's latest Brexit proposals offered the possibility of a "tolerable deal".
The dollar on Wednesday dropped to a one-week low against the yen and declined for a second straight session versus the euro, amid worries about global growth following data released a day earlier showing a sharp decline in U.S. manufacturing activity.
Sterling rebounded from earlier lows on Wednesday as hedge funds covered some of their short bets after Prime Minister Boris Johnson offered only vague details on his Brexit proposals to the European Union.
The dollar fell on Tuesday from its highest level in more than two years, undermined by data showing weakness in the U.S. manufacturing sector and a lower-than-expected rise in construction spending.