6 articles on currency
The euro-dollar exchange rate has fallen back to 1.1437 after giving up its NFP gains. The market is holding its breath ahead of this week's U.S. inflation report.
The dollar is climbing to its highest level in two months as expectations of a Fed rate hike grow. The Japanese yen is taking a hit.
Faced with persistent inflation, investors are betting heavily on a sharp rise in the U.S. dollar. The Fed remains firm on its monetary policy.
The Iranian rial has hit a record low against the dollar. Two months of conflict, U.S. airstrikes, and a naval blockade are stifling an economy already under sanctions.
The yen surged sharply on Monday, dropping from 157.2 to 156 against the dollar in a matter of minutes. Tokyo is taking further action to defend its currency, which is in free fall.
The Federal Reserve surprised markets by maintaining a hawkish stance. The dollar is rising against the euro, the pound, and the yen amid expectations that interest rates will remain high for longer.