The US dollar strengthened against major European currencies on Wednesday, led by gains versus the British pound, supported by signs that the United States and China are nearing a truce in their trade dispute. Traders also turned their focus toward the Federal Reserve meeting scheduled later in the day. Speaking in South Korea, where he is set to meet Chinese...

The Japanese yen weakened in Asian trading on Thursday against a basket of major and minor currencies, extending its losses for the second consecutive session against the US dollar following the Bank of Japans decision to keep interest rates unchanged for the sixth straight meeting. Despite holding rates steady, the central bank reiterated its readiness to raise rates in the...

The Federal Reserve announced on Wednesday its decision to cut the benchmark interest rate by 25 basis points, from 4.25% to 4.00%, in a move that was largely in line with analysts expectations. ...

The euro fell in European trading on Wednesday against a basket of major currencies, retreating from a one-week high versus the US dollar and heading toward its first loss in six sessions, as the greenback rebounded ahead of the Federal Reserves policy decision. Renewed inflationary pressure in the eurozone has dampened expectations that the European Central Bank (ECB) will cut...