Dollar poised to halt slide after Fed minutes
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index was on pace to stem the tide of its recent downturn on Tuesday after minutes from the Federal Reserve’s most recent policy meeting showed the U.S. central bank was likely to maintain a restrictive stance on interest rates for some time. Fed officials said…
Dollar falls to 2-1/2 month low on Fed expectations, yen strengthens
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index fell to its lowest in more than two months on Monday, continuing a drop from the prior week, as investors largely believe the U.S. Federal Reserve has completed its interest rate hike cycle and look towards when the central bank may start to cut…
Dollar posts steep weekly fall, trades below 150 yen
By Herbert Lash and Iain Withers NEW YORK/LONDON (Reuters) – The dollar posted its second-steepest weekly decline versus other major currencies this year on Friday, while the yen strengthened sharply, and the dollar traded below 150 yen, as concerns grow about the weakening global economic outlook. Cooler-than-expected U.S. inflation data on Tuesday and…
Dollar steady as U.S. jobless claims boost Fed rate cut bets
By Herbert Lash NEW YORK (Reuters) -The dollar meandered on Thursday after U.S. jobless claims rose more than expected last week, indicating a cooling labor market that could prompt the Federal Reserve to cut interest rates in early 2024 as it tries to engineer a soft landing. The dollar index, a measure of…
Dollar gains on retail sales data, Fed rate cut date unclear
By Herbert Lash NEW YORK (Reuters) -The dollar gained on Wednesday after still strong U.S. retail sales fell less than expected in October, a reminder for the market that a definitive date for the Federal Reserve to cut interest rates is still unknown. The dollar bounced off its biggest drop in a year…
Dollar sinks after data shows US inflation cooling
By Herbert Lash NEW YORK (Reuters) -The dollar fell more than 1% against major currencies on Tuesday after U.S. consumer price data showed the pace of inflation moderating further in October, increasing the odds that the Federal Reserve is done hiking interest rates. U.S. consumer prices were unchanged last month amid lower gasoline…
Dollar slips after hitting one-year high against yen
By Herbert Lash NEW YORK (Reuters) -The dollar climbed to its highest level in more than a year against the Japanese yen on Monday, near the key psychological level of 152, before falling sharply in a flurry of trading in $3.45 billion of options that come due this week. The dollar later traded…
Dollar dips against euro, gains on yen as Fed policy stays in focus
NEW YORK, Nov 10 (Reuters) – The dollar dipped against the euro on Friday but gained against the yen as investors evaluated comments by Federal Reserve Chair Jerome Powell that the central bank could hike rates again if inflation remains above its target. The Japanese currency also remained on watch for possible intervention…
Dollar bounces after sharp selloff, weak data hurts euro
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar gained on Tuesday as a sharp selloff last week was seen as overdone in the short term, while the euro was dented by weak German data and the Australian dollar slid after the country’s central bank raised interest rates but hinted the hike…
Dollar rebounds, Fed officials take center stage
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar edged higher against the euro on Monday, after earlier dipping to an almost 8-week low on growing expectations that the Federal Reserve is done hiking interest rates, with U.S. central bank officials in focus this week for further signals on rate policy. Fed…
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