Dollar rises with bets on hawkish Fed; sterling drops
By Sinéad Carew and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose on Thursday as U.S. Treasury yields increased and investors eyed hawkish comments from Federal Reserve officials, while the British pound fell as investors were left unimpressed by the UK government’s latest budget. The greenback rebounded a little after falling in…
Dollar is red but supported by U.S. data, hawkish Fed speakers
By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) – The dollar was supported by stronger-than-expected U.S. retail sales data on Wednesday as investors also looked for clues from Federal Reserve speakers on the path for interest rates. But the euro gained against the greenback and the yen as geopolitical concerns eased after…
Currency trading in a spin after Polish explosion
By Sinéad Carew and Joice Alves NEW YORK/LONDON (Reuters) – Trading in the dollar and the euro was volatile on Tuesday, with both currencies trading below their session highs as investors tried to interpret reports that stray Russian missiles may have hit NATO member Poland, killing two people. The euro had lost ground…
U.S. dollar gains ground as investors focus on future Fed path
By Sinéad Carew and Joice Alves NEW YORK/LONDON (Reuters) – The U.S. dollar gained against the yen and the euro on Monday but pulled back from its highs of the day with investors betting on a slower pace of Federal Reserve interest rate hikes going forward. The dollar index was higher after falling…
Gold slips from 2-½ month high on profit taking, hawkish Fed rhetoric
By Ambar Warrick Investing.com– Gold prices retreated from a 2-½ month high on Monday as comments from some members of the Federal Reserve suggested that the bank will continue to act tough against inflation, while copper prices fell slightly as investors locked in stellar gains from last week. Bullion prices logged their best…
Dollar slides, CPI data suggests Fed could slow pace of rate hikes
By Herbert Lash NEW YORK (Reuters) – The dollar fell sharply on Thursday after U.S. consumer prices rose less than expected in October to suggest underlying inflation is cooling, data that Wall Street cheered as it may allow the Federal Reserve to get less aggressive with interest rate hikes. The data boosted other…
Dollar advances ahead of inflation data; cryptos crumble
By Rae Wee SINGAPORE, Nov 10 (Reuters) – The dollar regained its footing on Thursday ahead of key U.S. inflation data due later in the day, while cryptocurrencies were fragile after a bailout deal for exchange FTX by its bigger rival Binance collapsed. The greenback surged overnight against its peers and held to…
Dollar firms after hawkish Fed as sterling sinks; focus on U.S. jobs
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar gained against major currencies on Thursday after Federal Reserve Chair Jerome Powell signalled U.S. interest rates will likely peak at a higher level than markets expected, while sterling fell after the Bank of England raised rates but warned of a “very challenging outlook.” The…
Dollar regains strength as Powell dashes hope of a Fed pause
By Herbert Lash and Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar regained some strength on Wednesday after Federal Reserve Chair Jerome Powell said it was premature to discuss a pause in its hiking of interest rates to battle rising consumer prices, as there is “no sense that inflation is coming down.”…
Dollar sags as Fed decision looms; yen surges
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar slipped from near a one-week peak versus major peers on Wednesday, with traders on tenterhooks before a looming Federal Reserve rate decision that should also give clues on the future policy path. The yen outperformed, seeing a sudden burst of strength mid-morning Japan time,…
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