Gold prices cool after strong rally, head for fifth week of gains
By Ambar Warrick Investing.com– Gold prices hovered at a nine-month high on Friday after a sharp rally in the prior session, and were headed for a fifth consecutive week of gains amid resurgent safe haven demand and growing uncertainty over the path of U.S. monetary policy. Prices of the yellow metal surged nearly…
U.S. dollar advances vs major currencies as risk appetite fades
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose against major currencies on Wednesday in choppy trading, gaining safe-haven bids as risk appetite worsened with stocks on the defensive amid hawkish comments from U.S. Federal Reserve officials that suggested more interest rate increases are likely to tame inflation. Analysts, however, remained convinced…
U.S. dollar falters vs major currencies as sterling gains; yen in spotlight
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell against most major currencies on Tuesday in choppy trading, weighed down by expectations of a possible policy shift at the Bank of Japan (BOJ) that could end its so-called “yield curve control” and be a precursor to adopting a tighter monetary stance. The…
Yen perched near 7-month high as BOJ looms
By Tom Westbrook SINGAPORE (Reuters) – The dollar drifted off multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan. The euro reached a nine-month high on Monday at $1.0874, but was last loitering around $1.0830.…
Dollar wobbles as U.S. inflation fuels hopes of slower Fed rate path
By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar swayed on Friday, flirting with seven-month lows after a sharp dive overnight as data showed U.S. inflation was slowing, boosting hopes of the Federal Reserve taking its foot off an aggressive interest rate hike policy. The dollar index, which measures the U.S. currency against…
Yen jumps, dollar in retreat ahead of U.S. inflation data
By Rae Wee SINGAPORE (Reuters) – The yen got a boost on Thursday on expectations that the Bank of Japan will review the side effects of its monetary easing, while the dollar slipped and wobbled near a seven-month low against the euro ahead of U.S. inflation data later in the day. The Japanese…
U.S. dollar holds firm ahead of U.S. inflation data
By Joice Alves and Tom Westbrook LONDON (Reuters) – The U.S. dollar held its ground on Wednesday as traders waited for this week’s U.S. consumer price data to see whether it will confirm that inflation is in retreat. The euro flattened against the dollar after a European Central Bank policymaker said the cycle…
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…
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