Asian Currency News Headlines

FOREX-Dollar pares losses as Powell signals bond taper

The dollar pared losses on Friday after Federal Reserve Chairman Jerome Powell said the U.S. central bank should begin reducing its asset purchases soon, but should not yet raise interest rates. Powell said employment is still too low and high inflation will likely abate next year as pressures fro

FOREX-Dollar dips as rate hike bets fade

The dollar slipped against a basket of currencies on Friday as investors continued to unload long positions that benefited from an increase in bets that the Federal Reserve will raise rates sooner than previously expected. The greenback also faced seasonal weakness that is typical in late October. Investors have t

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