Dollar dips on dovish Powell comments
By Karen Brettell NEW YORK (Reuters) – The dollar dropped on Thursday after Federal Reserve Chair Jerome Powell was interpreted as being generally dovish in comments made at an economic forum, even as he warned that the U.S. central bank could raise interest rates again. The U.S. economy’s strength and continued tight labor…
Dollar mixed after earlier bounce on strong US retail sales
By Karen Brettell NEW YORK (Reuters) – The dollar rose against the Japanese yen on Tuesday, but ended lower against the euro after data showed that U.S. retail sales rose more than expected in September, with investors also focused on a busy week of speeches by Federal Reserve officials. Retail sales rose 0.7%…
Dollar drifts as investors eye Powell speech, yen wobbles near intervention zone
By Ankur Banerjee SINGAPORE, Oct 17 (Reuters) – The U.S. dollar started Tuesday on the back foot as investors took stock of developments in the Middle East and braced for a slew of speeches by central bank officials this week headlined by Fed Chair Powell to gauge the monetary policy outlook. The yen…
Dollar off highs, remains elevated on safe-haven bids, rate jitters
By Rae Wee SINGAPORE (Reuters) – The dollar came off highs in Asian trade on Monday, but held at elevated levels as Middle East tensions escalated, and investors awaited clues to the outlook for U.S. interest rates from a speech by Federal Reserve Chair Jerome Powell later this week. The dollar stayed near…
Dollar steady on underlying moderate PPI data, dovish Fed officials
By Herbert Lash and Iain Withers NEW YORK/LONDON (Reuters) -The dollar was steady on Wednesday after a core reading of U.S. producer prices showed underlying inflation moderated further in September, leading the market to reason the Federal Reserve is done hiking interest rates. The market later barely reacted to minutes of the Fed’s…
Dollar slips on dovish Fed remarks, China hopes help euro
By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) -The euro strengthened as the dollar slid on Tuesday in response to a sharp drop in Treasury yields on the back of further dovish comments by Federal Reserve officials, as well as the prospect of stimulus from China. The benchmark 10-year Treasury note tumbled…
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Dollar gains versus euro as Israel-Palestinian conflict spurs safety bid
By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) -The safe-haven dollar rose on Monday against the euro as military clashes between Israel and the Palestinian Islamist group Hamas raised concerns that the conflict might widen beyond Gaza, but the dollar eased against other major currencies. Israel’s response to the multi-pronged attack by…
US dollar retreats after mixed batch of data; yen modestly firmer
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell on Wednesday, tracking the pullback in U.S. Treasury yields, amid a mixed set of data suggesting that there are pockets of weakness in the world’s largest economy, further diminishing the odds of another interest rate hike by the Federal Reserve before the end…
Yen surges against dollar, leads some to suspect intervention
By Chuck Mikolajczak, Saqib Iqbal Ahmed and Lucy Raitano NEW YORK/LONDON/TOKYO (Reuters) -The yen strengthened sharply against the dollar on Tuesday, leading some market participants to believe Japanese policymakers had intervened to support the currency, although others said the size of the move was not convincing enough. Traders have been on watch for…
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