The dollar weakened against the yen and the euro Wednesday after minutes from the Federal Open Market Committee's latest meeting revealed little new information on when the central bank would raise interest rates.
BNP was punished for helping counties like Iran, Sudan, and Cuba process $30 billion in transactions which are illegal under US law, since they violate US sanctions. Starting on January 1, 2015, the bank will not be able to carry out dollar-based ...
China's central bank said it would allow banks to freely decide the yuan's exchange rate to the U.S. dollar when dealing with retail customers, a small step in making the Chinese unit a more market-oriented currency.
Exchange Rates Outlook - Pound Softer, Canadian Dollar Declines, US Dollar Posts 0.7% Drop. Aussie Stronger - Sterling (GBP) prepared to close out the week in a softer position against foreign exchange rates like the US Dollar (USD) and Euro (EUR) as a ...
Currency analysts expect a stronger dollar by the end of 2014, driven by continued improvement in the U.S. economy, the winding down of the Federal Reserve's stimulus program, and rising Treasury yields.
MUMBAI: The rupee lost six paise to 60.25 against the US dollar in early trade today at the Interbank Foreign Exchange market due to appreciation of the American currency against other currencies overseas.
The US Dollar to Rupee (USD/INR) exchange rate may have trimmed some of its gains on Friday but the pairing is still trading above 60.0400 having advanced in response to Portugal-inspired risk aversion.