Asia FX treads water, dollar steadies with inflation in sight
Investing.com– Most Asian currencies moved little on Wednesday, while the dollar steadied below six-month highs as investors hunkered down before key U.S. inflation data that is expected to offer more cues on monetary policy. Most regional units were nursing steep overnight losses as markets remained largely risk-averse, while the dollar saw renewed strength…
Dollar edges higher; U.S. inflation is the week’s main focus
Investing.com – The U.S. dollar edged higher in early European trade Tuesday, reversing some of the previous session’s sharp losses as traders revised their positions before data showing a potential rise in U.S. inflation. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies,…
Dollar rises to six-month high after US data; weak yen prompts warning
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar climbed to a six-month peak on Wednesday, reversing earlier losses, after U.S. data showed the services sector surprisingly picked up steam last month amid a rise in new orders and businesses paying higher prices, suggesting persistent inflation pressure. The greenback recovered against most currencies…
US dollar rises on global growth worries; Aussie down
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose to a near six-month high against a basket of currencies on Tuesday as jitters over global growth, particularly in China, caused investors to flock to the safe-haven U.S. currency. The Aussie dollar slumped after the Reserve Bank of Australia kept rates steady. China’s…
Dollar eases as risk appetite improves on China’s measures
By Joice Alves LONDON (Reuters) – The safe-haven dollar fell on Monday as risk sentiment improved on hopes China’s policy stimulus might stabilise the economy, while U.S. jobs data boosted bets the Federal Reserve could be at the end of its rate hike cycle. With U.S. markets closed on Monday, liquidity is likely…
Dollar gains on solid data, euro drops on cautious ECB comments
By Karen Brettell NEW YORK (Reuters) – The dollar gained on Thursday and was on track for a monthly increase of 1.69% against a basket of currencies as U.S. data showed a mixed picture of the American economy, while the euro was weighed down by cautious comments by a leading European Central Bank…
Dollar falls to two-week low as economic data softens
By Karen Brettell NEW YORK (Reuters) – The dollar dropped to a two-week low against the euro and a basket of currencies on Wednesday after data showed that U.S. private payrolls rose less than expected in August, adding to expectations that the Federal Reserve would stop raising interest rates. Softening data this week…
Dollar drops on jobs data, yen rises from 10-month low
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar fell on Tuesday after data showed that U.S. job openings fell in July, as investors await more comprehensive labor market numbers in this week’s jobs report for August. The Japanese yen also gained, after earlier falling to a 10-month low. Job openings, a…
Dollar index dips, briefly hits 9-month high against yen
By Karen Brettell and Joice Alves NEW YORK (Reuters) – The dollar briefly hit a nine-month high against the Japanese yen on Monday and dipped against a basket of currencies, as investors waited on key data due later this week and kept an eye out for potential intervention to shore up the struggling…
Dollar rises ahead of Jackson Hole gathering
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose across the board on Thursday as investors awaited Fed Chair Jerome Powell’s speech on Friday at the Jackson Hole Economic Policy Symposium. Investors are looking forward to Powell’s address on monetary policy at 10:05 am ET on Friday for clues to the Fed’s…
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