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…
US dollar retreats from five-week high as debt ceiling stalemate weighs
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell from a five-week high on Monday, as investors consolidated gains made last week on the greenback and awaited news from Washington on how to address the debt ceiling issue, which could force the U.S. government to default on its debt if not resolved.…
Dollar stronger as market rethinks monetary policy outlook
By Laura Matthews NEW YORK (Reuters) – The U.S. dollar rose against the euro and sterling on Thursday and set a more than one-week high against a basket of its major peers as traders sought safety after a series of economic data prompted a reassessment of their outlook for global monetary policy. The…
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