Gold steadies ahead of Fed minutes, copper slammed by China fears
By Ambar Warrick Investing.com– Gold prices hovered around six-month highs on Wednesday, cutting short a recent rally as traders bought back into the dollar in anticipation of more cues on monetary policy from the minutes of the Federal Reserve’s December meeting. The yellow metal marked a strong start to the new year as…
Gold closes in on 6-mth high, markets look to smaller Fed rate hikes
By Ambar Warrick Investing.com– Gold prices rose on Tuesday and came close to a six-month high amid a growing number of bets that the Federal Reserve will slow its pace of rate hikes even further, which is expected to weigh on the dollar and Treasury yields. While the yellow metal closed 2022 a…
Dollar slides as traders weigh China outlook, U.S. jobless claims
By Hannah Lang WASHINGTON (Reuters) – The dollar slipped on Thursday with investors on edge at the end of the year as initial optimism over China’s reopening fizzled out and as markets processed a readout of U.S. jobless claims. Markets are weighing the impact of China’s rapid loosening of its strict COVID-19 rules…
Dollar steadies as optimism over China reopening turns to caution
By Rae Wee SINGAPORE (Reuters) – The dollar steadied on Thursday after riding long-end U.S. Treasury yields higher overnight, as initial optimism over China’s reopening fizzled. Following China’s removal of its quarantine rule for inbound travellers beginning Jan. 8, countries such as the United States, Japan and India said they would require COVID…
Dollar flat as investors digest China’s loosening of COVID rules
By Hannah Lang WASHINGTON (Reuters) – The dollar was flat on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travelers – a major step in reopening its borders, even as COVID cases spike. China will stop requiring arriving travelers to go into quarantine starting Jan. 8, the National…
Dollar retreats as risk appetite improves; Australia, NZ currencies rise
By Rae Wee SINGAPORE (Reuters) – The dollar moved broadly lower on Tuesday while Australia and New Zealand’s currencies jumped as risk appetite grew after China said it will scrap its COVID quarantine rule for inbound travellers – a major step towards easing curbs on its borders. The New Zealand dollar surged 0.65%…
Dollar rises as U.S. data lends support
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar rose against most major peers on Thursday after U.S. data pointed to labor market strength that could keep the Federal Reserve hawkish for longer. The number of Americans filing new claims for unemployment benefits increased less than expected last week, pointing to…
Yen rises in cautious calm after BOJ policy tweak
By Rae Wee SINGAPORE (Reuters) – The yen firmed towards its recent four-month peak against the dollar on Thursday, after the Bank of Japan’s surprise tweak to its bond yield control earlier this week provided a catalyst for trade in an otherwise dull week ahead of year-end holidays. The yen was about 0.3%…
Yen surges after surprise BOJ policy tweak
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The yen jumped to a four-month high against the U.S. dollar, on pace for its biggest one-day rise in 24 years, on Tuesday after the Bank of Japan stunned markets with a surprise tweak to its bond yield control program. While it kept broad policy…
U.S. dollar gains sharply across the board as recession fears mount
By Gertrude Chavez-Dreyfuss and Karen Brettell NEW YORK (Reuters) – The U.S. dollar soared on Thursday, led by strong gains against the yen, sterling, and commodity currencies, as investors fretted about the risk of recession with the Federal Reserve likely to raise interest rates well into next year. The greenback’s allure was magnified,…
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