Tag: forex

The sterling fell against the U.S. dollar on Monday as the greenback recovered from its tumble late last week. This comes as investors continue to gauge what potential further Bank of England interest rate hikes could mean for the British currency. The pound was down...

Official data on Sunday showed that China's foreign exchange reserves rose in April, beating analysts' forecasts. The nation's forex reserves increased by $21 billion to $3.205 trillion last month. The country with the world's largest foreign exchange reserves, China's reserve levels beat analysts' expectations of...