Currencies News

Dollar Shrugs Off Drop in Treasury Yields, Pares Weekly Decline

4:53 pm ET

The dollar weathered a roller-coaster session to trade slightly higher overall amid muted flows fueled by risk aversion as traders signaled little commitment to carry positions into the weekend.

Yuan Seen Benefiting as Mnuchin Comments Lower Risk of Trade War

3:55 pm ET

U.S. Treasury Secretary Steven Mnuchin’s comments on whether to brand China a currency manipulator signal reduced chances of a trade war and are positive for the yuan, according to Royal Bank of Scotland Group Plc.

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