Japan’s top currency diplomat: will respond to excessive FX moves
By Tetsushi Kajimoto TOKYO (Reuters) -Japan will respond firmly to excessive currency fluctuations, its top currency diplomat Masato Kanda said, following the yen’s sharp fall to a 32-year low to the dollar. “Each country would respond appropriately” to an agreement on foreign exchange market moves by the Group of Seven (G7) and G20…
U.S. dollar retreats, comes off 32-year high vs yen as inflation-fueled gains fade
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell against most currencies in volatile trading on Thursday, after initially spiking following a hotter-than-expected U.S. inflation report, as some investors thought the market’s initial response to the data was excessive. The greenback briefly hit a 32-year peak against the yen of 147.665 after…
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U.S. dollar soars to new 24-year high versus yen; sterling rebounds
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar climbed to a fresh 24-year peak versus the yen on Wednesday, holding above levels that prompted intervention by Japanese officials last month, while sterling rose after a sharp fall in the previous session as investors pondered the Bank of England’s next steps. The greenback…
U.S. dollar rises, yen not far from 24-year trough that prompted intervention
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The safe-haven U.S. dollar gained broadly in volatile trading on Tuesday, adding to recent gains, after a top Bank of England official reiterated that the central bank will end its bond-buying program on Friday and told pension fund managers to finish rebalancing their positions within that…
Dollar Has Fresh Highs in Sight as Inflation Data Should Confirm Fed Jumbo Hike
By Yasin Ebrahim Investing.com — The dollar could mount a move toward fresh highs for the year as inflation data set for later this week showing that core inflation likely remains on the up and up should all but confirm the prospect for another jumbo-sized rate hike next month. The U.S. dollar index,…
U.S. dollar posts steep gains as investors brace for non-farm payrolls
By Caroline Valetkevitch and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose on Thursday, climbing for a second straight session, as investors bet on another strong U.S. non-farm payrolls report that should keep the Federal Reserve on an aggressive tightening path for some time. The dollar index, which measures the greenback against a…
Dollar clings to gains as bets on further Fed hikes firm
By Tom Westbrook SYDNEY (Reuters) – The dollar fought for a footing in choppy trade on Thursday, with support from upbeat U.S. data and hawkish policymaker comments, while the prospect of higher energy prices helped exporters’ currencies and weighed on those of importers. The dollar rose 1% on the euro and 1.3% on…
Sterling climbs after tax plan reversal, dollar also weaker against other major currencies
By Caroline Valetkevitch and Alun John NEW YORK/LONDON (Reuters) – Sterling jumped against the dollar on Monday after Britain reversed a plan to cut the highest rate of income tax, and the dollar was also down against other major currencies. The pound rose against the dollar after media reports of the u-turn to…
Sterling rallies for 3rd day after BoE bond buys; U.S. dollar down
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Sterling rose sharply in volatile trading on Thursday, rallying from record lows hit on Monday, after the Bank of England conducted a second day of bond buying to stabilize financial markets. The pound posted its largest one-day percentage gain since March 2020 and last traded at…
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