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Foreign Exchange Analysis Headlines

Dollar climbs to cap strong week as bears grow wary

The dollar edged higher against a basket of major currencies on Friday, extending its recovery from a three-year low last week, as the potential for a more aggressive U.S. Federal Reserve prompted investors to pare bearish bets against the greenback.

Sterling bounces off one-week lows as dollar skids

Sterling rose from a one-week low on Thursday as the dollar slumped towards a session low, although renewed concerns over the state of play in Brexit negotiations checked the British currency's gains.

Venezuela aims for crypto alchemy with new 'petro gold' token

Venezuela is preparing a new cryptocurrency called "petro gold" that will be backed by precious metals, President Nicolas Maduro said on Wednesday, a day after launching an oil-backed token that has been panned as a pipe dream by blockchain experts.

MPs launch inquiry into cryptocurrencies

Britain's cross-party Treasury Select Committee of lawmakers on Thursday said it is launching an inquiry into digital currencies, as well as the underlying distributed ledger technology.

Dollar rises as Fed minutes back more U.S. rate increases

The dollar rose to a more than one-week peak on Wednesday, extending its recovery from last week, helped by higher short-term Treasury yields, and as minutes of Federal Reserve's January meeting showed policymakers confident in the need to keep raising interest rates.

Bitcoin nearly doubles in value from year's low hit in early February

Bitcoin hit a three-week high on Tuesday and has surged nearly 100 percent from its lowest level this year, as its recovery continued after South Korea's financial regulator eased its stance on cryptocurrencies, weeks after it considered shutting down digital currency exchanges.


Democrats' memo charges Republicans trying to undermine Russia probes

WASHINGTON The Democratic minority on the U.S. House of Representatives Intelligence Committee on Saturday released a response to Republican charges that the FBI and Justice Department have abused the law in their investigation of possible ties between Russia and Donald Trump's 2016 presidential campaign. | Video