The dollar rose against the yen on Tuesday amid fiscal year-end demand by Japanese companies and the Chinese yuan stood firm after a survey showed manufacturing returned to growth in March.
Tuesday is the last trading day of Japan's fiscal year and the end of the quarter for major investors elsewhere, which has fueled some volatility as big currency market players closed their books. The bulk of those positioning changes caused the dollar to strengthen.
Against a basket of six other currencies the dollar rose 0.4%to 99.5. It reached 102.99, its highest in more than three years, earlier this month as a global market selloff fuelled a rush for dollars. Dollar demand has ebbed, but analysts are still forecasting more dollar gains.
The dollar rose 0.52% to 108.38 yen on Tuesday.
26 May 2020 11:45 AM
Indian shares rose about 1% on Tuesday, lifted by gains in conglomerate ITC and beaten-down financial stocks, and supported by buoyant Asian peers as investors cheered the reopening of some economies amid hopes for stimulus.
26 May 2020 11:15 AM
The yuan edged higher against the U.S. dollar on Tuesday as risk appetite improved
26 May 2020 10:46 AM
Gold ticked higher on Tuesday as brewing Sino-U.S. tensions over Hong Kong lifted demand for the safe-haven metal, though easing coronavirus-induced lockdown restrictions supported equities and capped bullion's gains.
26 May 2020 10:34 AM
The Indian rupee was at 75.71/75.72 to the dollar, against 75.95/75.96 in the previous session
26 May 2020 09:45 AM
Oil prices rose on Tuesday on clear signs that producers are sticking to commitments to cut crude supply as more cars get back on the road with coronavirus lockdowns easing around the world.
26 May 2020 09:17 AM
The dollar inched lower on Tuesday as growing optimism about a global recovery from the COVID-19 pandemic supported riskier currencies