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,…
Dollar loses ground after Fed raises rates, forecasts more hikes
NEW YORK (Reuters) – The dollar was lower against the yen and the euro on Wednesday after first gaining ground when the U.S. Federal Reserve raised interest rates by half a percentage point as expected and said it would need to continue to raise rates. The greenback reversed course and retreated when Fed…
U.S. dollar tumbles across the board as inflation rise eases
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar nosedived across the board on Tuesday after data showed U.S. consumer price inflation rose less than expected last month, reinforcing expectations the Federal Reserve will slow the pace of rate increases after its two-day meeting on Wednesday. The greenback fell to a six-month low…
Dollar firm in calm before CPI and central bank storm
By Tom Westbrook SINGAPORE (Reuters) – The dollar was firm on Tuesday leading in to the release of U.S. inflation data and the final Federal Reserve meeting of the year, with investors waiting to update interest rate outlooks. A month ago, a small surprise to the downside unleashed a wave of bond-buying and…
Recession worries could support dollar after monstrous 2022 rally
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A breathtaking surge in the U.S. dollar trampled foreign currencies, gouged corporate profits and gave investors one of the year’s few winning trades. Though the greenback has stumbled in recent weeks, recession worries may keep it elevated in 2023. At its September peak, the dollar…
Dollar eases against major currencies amid rate, economic concerns; yuan strengthens
By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar weakened slightly against major currencies on Wednesday amid concerns that rising interest rates could push the U.S. economy into recession, while an easing of China’s COVID restrictions boosted the yuan. Some U.S. bank executives are bracing for a worsening U.S. economy next year.…
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