Gold Steadies Above $1,700, But U.S. CPI Surprise Darkens Outlook
By Ambar Warrick Investing.com– Gold prices held just above the $1,700 mark on Wednesday, remaining under pressure after stronger-than-expected U.S. inflation data pointed to more dollar strength in the coming weeks. Spot gold was steady around $1,701.87 an ounce, while December gold futures fell 0.3% to $1,712.25 an ounce by 19:21 ET (23:21…
Dollar eases back from recent gains as focus on U.S. inflation data; euro jumps
By Caroline Valetkevitch NEW YORK (Reuters) – The dollar fell to its lowest level in more than two weeks against a basket of currencies on Monday following recent strong gains, as investors grew nervous ahead of U.S. inflation data and as central banks outside of the United States appeared increasingly hawkish. The euro…
U.S. dollar rises vs yen as Fed reinforces hawkish stance; euro falls
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar gained against the yen on Thursday, climbing in nine of the last 10 sessions, after Federal Reserve Chair Jerome Powell reiterated that the U.S. central bank will continue to raise interest rates in order to tame surging inflation and warned against prematurely loosening monetary…
Dollar gains, euro slips further from parity
By Herbert Lash and Alun John NEW YORK/LONDON (Reuters) -The dollar marched higher on Tuesday after a report on the U.S. services industry in August reinforced the view that the United States was not in recession, while the euro and rate-sensitive Japanese yen tumbled further against the greenback. The dollar index rose 0.547%…
Dollar pauses broad rally, bulls still solidly positioned
By Rae Wee SINGAPORE (Reuters) – The dollar took a breather on Tuesday after a sweeping rally, easing slightly from milestone highs on the euro, yen and sterling, but not too far as recession stalk Europe and U.S. interest rates are poised for sharp rises. The euro was up 0.4% to $0.9963 in…
Dollar hits 20-year high as data support aggressive Fed
By John McCrank NEW YORK (Reuters) -The dollar index vaulted to a 20-year high on Thursday, and notched a 24-year peak against the rate-sensitive Japanese yen, after U.S. data showed a resilient economy, giving the Federal Reserve more room to aggressively hike interest rates to quell inflation. The U.S. currency firmed after a…
China’s Yuan Slips, Japanese Yen at 24-Yr Low Ahead of U.S. Nonfarm Payrolls
By Ambar Warrick Investing.com– China’s yuan fell on Thursday amid more signs of a manufacturing slowdown in the country, while the Japanese yen slumped to a 24-year low as the dollar strengthened ahead of key U.S. payrolls data this week. The yuan fell 0.2% to 6.9027, shrugging off a stronger midpoint fix by…
Dollar edges higher as oversized Fed rate hike bets rise
By John McCrank NEW YORK (Reuters) – The dollar edged higher on Tuesday, but was below the 20-year high it hit a day earlier, while the euro broke back above parity, as markets priced in super-sized interest rate hikes by the U.S. Federal Reserve and the European Central Bank (ECB). The greenback has…
Dollar eases off of 20-year high as euro boosted by rates view
By John McCrank NEW YORK (Reuters) -The dollar touched a fresh 20-year high on Monday, lifted by hawkish comments by Federal Reserve Chair Jerome Powell, but was kept in check as the euro was boosted by growing expectations for European Central Bank (ECB) rate hikes. The dollar index, which measures the currency’s value…
Dollar hits 20-year high as Fed flags higher rates for longer
By Rae Wee SINGAPORE (Reuters) – The U.S dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer to bring down soaring inflation. The dollar index scaled to a fresh two-decade peak of 109.44 in…
Recent Comments