Dollar backs off highs after Fed officials suggest skipping June rate hike
By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar retreated from a more than two-month high on Wednesday after a Federal Reserve official warned any decision by the central bank to hold its benchmark overnight interest rate firm at an upcoming meeting would not mean that it is done tightening monetary policy. In…
Aussie slides with yuan after weak China data, yen soars
By Kevin Buckland TOKYO (Reuters) – The Australian and New Zealand dollars declined along with the yuan on Wednesday after a surprise deterioration in Chinese factory activity stoked worries about the country’s sputtering post-pandemic recovery. Traditional safe-haven currencies the dollar and yen outperformed the euro and sterling. The yen received additional support after…
Dollar eases as deal over US debt ceiling lifts risk appetite
By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar fell on Tuesday against a basket of major currencies but did not drift far from a two-month peak, after a deal over the U.S. debt ceiling lifted risk sentiment, although the agreement could face a rocky path through Congress. The dollar index, which measures…
Dollar steady on mounting Fed hike bets, debt ceiling deal optimism
By Rae Wee SINGAPORE (Reuters) – The dollar held firm on Monday supported by growing expectations of further rate hikes by the U.S. Federal Reserve, though news that a debt ceiling deal had been finalised drew some of the safe haven bids away from the greenback. The U.S. dollar notched a fresh six-month…
Dollar eyes third weekly gain on higher US rate expectations
By Rae Wee SINGAPORE (Reuters) – The dollar stood near a two-month high against its major peers on Friday and was headed for a third weekly gain on expectations that U.S. interest rates could remain higher for longer than initially expected. Jitters over debt ceiling negotiations between U.S. President Joe Biden and top…
Dollar ascendant amid resilient US economy, haven demand
By Kevin Buckland TOKYO (Reuters) – The dollar pushed to a two-month high against the euro and a six-month peak versus the yen on Thursday, as a resilient U.S. economy led traders to pare their bets on rate cuts this year. The greenback has also benefited from demand for safe havens, paradoxically as…
Dollar higher as U.S. debt ceiling concerns keep traders nervous
By Karen Brettell and Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar hit a two-month high against a basket of currencies on Tuesday as a lack of progress in talks over increasing the U.S. debt limit hurt investors’ appetite for risk-taking. Representatives of President Joe Biden and congressional Republicans ended another…
Why is the US dollar so strong again?
By Harry Robertson LONDON (Reuters) – If investors agree on one thing this year, it’s that the dollar is going to fall. That’s made the greenback’s 2% bounce over the last month particularly confusing. U.S. inflation is cooling and the Federal Reserve may pause its interest rate hikes next month. So the dollar…
Dollar firms on optimism over US debt ceiling talks, Aussie down after jobs data
By Rae Wee SINGAPORE (Reuters) – The U.S. dollar held near a seven-week peak on Thursday, after President Joe Biden and top U.S. congressional Republican Kevin McCarthy worked towards avoiding a damaging debt default, while the Aussie dollar slipped after disappointing jobs data. Biden and McCarthy on Wednesday underscored their determination to strike…
Dollar drifts higher as US debt ceiling in spotlight
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar edged higher on Tuesday in choppy trading, with no clear direction, as investors kept an eye on debt ceiling talks to avert a possible default that could reverberate across asset markets and damage confidence in the world’s largest economy. The dollar index, a measure…
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