SingAPORE - The dollar was pinned below recent highs on Wednesday by a decline in real yields and by trepidation ahead of a Fed Reserve meeting, while other safe-haven currencies were in favour following an unnerving plunge in Chinese equity markets.
NEW YORK, July 27 - The daily currency volumes in North America increased in April 2021, compared to November 2020 and one year earlier, according to a semi-annual survey by the New York Federal Reserve's Foreign Exchange Committee.
The U.S. dollar resumed its march towards a 3 -1 2 month high as a Fed policy meeting got underway with risk appetite broadly subdued, leaving the Australian dollar and Chinese currency struggling due to a widening regulatory crackdown in China.
Britain's July 27 Sterling dipped against the dollar on Tuesday as Japanese stock markets sank after a heavy sell-off in Chinese shares, which sapped risk sentiment and drove a bid for dollars ahead of a U.S. Federal Reserve policy meeting
The U.S. Dollar's march towards a 3 Month High pressured on Monday as the Fed policy meeting got underway with risk appetite broadly subdued, leaving the Australian dollar at large due to a widening regulatory crackdown in China.