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…
Dollar wobbles, remains vulnerable after Fed steer
By Vidya Ranganathan and Rae Wee SINGAPORE (Reuters) -Major global currencies were steady on Monday with investors preparing for the U.S. dollar to extend declines from late last week after the Federal Reserve dialled down its hawkish rhetoric. The dollar index slipped 0.08% to 104.99, with the euro gaining 0.08% to $1.0738. The…
Dollar weakens as risk appetite rises on view Fed rate hikes are done
By Gertrude Chavez-Dreyfuss and Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar fell across the board on Thursday, as investors’ appetite for riskier currencies grew as they bet the Federal Reserve is done raising interest rates after holding them steady in the previous session. The Fed left interest rates unchanged on Wednesday as…
US dollar falls as markets believe Fed is done hiking rates
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar fell against most currencies on Wednesday as investors perceived that Federal Reserve Chairman Jerome Powell’s statements after its two-day policy meeting suggested the U.S. central bank may be done raising interest rates. The policy-setting Federal Open Market Committee (FOMC), as expected, left rates…
Japan’s yen sinks broadly as BOJ policy adjustment seen inadequate
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The yen plummeted across the board on Tuesday, dropping to a 15-year low against the euro and a new one-year trough versus the dollar, after a minor step adopted by the Bank of Japan (BOJ) toward ending years of monetary stimulus failed to appease some investors…
Japanese yen rises to two-week high vs dollar on talk of BOJ policy tweak
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The Japanese yen climbed to a two-week peak against the dollar on Monday after a report said the Bank of Japan is considering tweaking its yield curve control policy to allow the 10-year Japanese government bond yield to rise above 1% when it concludes its meeting…
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