Dollar rebounds as banking fears fade; yen falls on quarter-end flows
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against most major peers on Wednesday, reversing some of its recent declines, and gained sharply against the yen, which was volatile as the end of the Japanese fiscal year approaches. The dollar index, which measures the currency against six rivals, was 0.18% higher…
Dollar on the defensive as banking fears ebb; yen drops
By Kevin Buckland TOKYO (Reuters) – The safe-haven U.S. dollar remained on the back foot on Wednesday following two days of losses as global financial markets regained a measure of stability on hopes a full-blown banking crisis can be averted. The dollar index, which tracks the currency against six major peers, was flat…
Safe-haven dollar slides as bank fears ease; yen surges
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar slid for a second day against major peers on Tuesday as receding fears of a full-blown banking crisis sapped demand for the safest assets. The yen, traditionally also a safe haven, however, rebounded strongly for overnight losses, with analysts pointing to likely repatriation of…
Dollar steady after Fed’s rate pause hints, yen rises
By Ankur Banerjee SINGAPORE (Reuters) – The dollar was steady on Friday near seven-week lows as nervousness over the banking system kept investors skittish and traders absorbed the Federal Reserve’s hints of a pause to interest rate hikes. The dollar index, which measures the currency against six major rivals, fell 0.019% at 102.56,…
Dollar falls after Fed raises rates, indicates one more hike ahead
By Hannah Lang WASHINGTON (Reuters) – The dollar slid on Wednesday after the U.S. Federal Reserve raised its key rate by a quarter of a percentage point, as widely expected, and pointed to just one more rate hike this year. The Fed projected at least one additional interest rate increase of 25 basis…
Dollar holds its breath as market awaits Fed policy decision
By Hannah Lang WASHINGTON (Reuters) – The dollar pared earlier losses and sterling fell on Tuesday as traders reckoned banking stress could keep the Federal Reserve and the Bank of England from hiking interest rates much further, or at all, later in the week. Investors’ focus has moved to a slew of central…
Dollar languishes as bank crisis fears ebb on Credit Suisse rescue
By Rae Wee SINGAPORE (Reuters) – The dollar regained some ground on Tuesday but was pinned near a five-week low as traders tiptoed back into riskier assets after UBS’ state-backed takeover of Credit Suisse allayed some fears of a widespread, systemic banking crisis. Market sentiment remained fragile, however, as investors struggled to determine…
Dollar slips as banks rescue makes room for relief rally
By Rae Wee SINGAPORE (Reuters) – The dollar slipped on Friday as risk sentiment improved after authorities and banks moved to ease stress on the financial system in major markets, taking heat off other major currencies that tumbled earlier in the week in the wake of bank turmoil. Large U.S. banks on Thursday…
Dollar little changed as U.S. inflation data poses quandary for Fed
By Herbert Lash NEW YORK (Reuters) -The dollar traded little changed on Tuesday after strong consumer price data revived the likelihood that the Federal Reserve will hike interest rates next week as fears of turmoil spreading in the banking sector faded. The dollar index, a measure of the greenback against six other currencies,…
Dollar slides as Fed rate hike outlook tumbles after SVB collapse
By Herbert Lash and Samuel Indyk NEW YORK/LONDON (Reuters) -The dollar weakened on Monday as markets bet the Federal Reserve will slow if not halt its raising of interest rates to curb inflation after U.S. authorities moved to limit the fallout from the sudden collapse of Silicon Valley Bank. President Joe Biden said…
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