US dollar loses out with central banks
Story link: US dollar loses out with central banks

The US dollar dropped sharply again on Wednesday, as hedge funds, real money investors, and central banks were all selling dollars, mostly to purchase euros.
The Indian, Russian, South Korean, and South African central banks were all said to be selling dollars in pursuit of diversification.
Most notably, the Saudi Arabian Monetary Authority was believed […]
Asian currencies strong on trading
Story link: Asian currencies strong on trading

Asian currencies were generally up on Tuesday, helped by China’s revaluation of the renminbi and by equity inflows.
For example, the South Korean won was up 0.5 percent on the day and has risen 2.3 percent since July 21 to Won1,020 in relation to the US dollar.
Similarly, the Singapore dollar was also […]
Dollar rally falters despite good economy news
Story link: Dollar rally falters despite good economy news

The US dollar fell again on Monday against the euro, sterling, and the yen. Its decline came despite the strongest report on US manufacturing this year.
Analysts are coming to the conclusion based on performance like this that the dollar’s rally has come to an end for the time being.
Some analysts […]