Browsing: Stock market

Most Latin American currencies rose on Friday as the dollar weakened after a U.S. inflation reading supported expectations of interest rate cuts from the Federal Reserve, while Mexico’s peso edged higher in the lead-up to presidential elections.

LONDON/SINGAPORE  – The Japanese yen drifted to its softest level in four weeks against the dollar on Wednesday on the back of rising U.S. yields, as placid markets encouraged investors to resume carry trades, while the euro weakened after German inflation data.

The Russian ruble continued to strengthen against major currencies on Monday, jumping to its highest level against the dollar since late January, trading data from the Moscow Exchange (MOEX) shows.

NEW YORK – The dollar slipped against most major currencies on Friday as traders booked profits after recent gains but the U.S. currency remained well-placed for further advances, supported by strong U.S. economic data that has prompted markets to dial back expectations for interest rate cuts.