Dollar slides as investors turn attention to U.S. jobs data
By Lananh Nguyen NEW YORK (Reuters) – The dollar weakened against most major currencies on Thursday as support from the Federal Reserve’s hawkish messaging subsided and investors turned their attention to a hotly anticipated U.S. jobs report. The dollar extended losses following U.S. data that showed the number of Americans filing new claims…
Dollar rises vs yen; U.S. economic data, Fed officials’ comments supportive
By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar was up against the yen on Wednesday after data showed a surprise pickup in the U.S. services industry in July, while hawkish comments from Federal Reserve officials this week also supported the greenback. The Institute for Supply Management said its non-manufacturing PMI rebounded…
Dollar hits lowest since mid-June vs yen as investors reassess U.S. rate hike outlook
By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar hit its lowest level since mid-June against the Japanese yen on Monday as investors weighed the likelihood that the Federal Reserve will not raise interest rates as aggressively as some had expected. The U.S. dollar index was volatile after data showed U.S. manufacturing…
Dollar to Shake Off Post-Fed Blues as Calls on Fed Pivot Too Early
By Yasin Ebrahim Investing.com – It won’t be long until the dollar shakes off its post-Federal Reserve slumber as calls on a dovish Fed pivot are too early and weakening in the global economy will continue to sour sentiment on risk assets. The U.S. dollar index, which measures the greenback against a trade-weighted…
Dollar falls after Fed hike, Powell comments
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar fell on Wednesday against a basket of major currencies after the U.S. Federal Reserve raised interest rates by 75 basis points, as was widely anticipated, and comments from Fed Chair Jerome Powell spurred hopes for a slower hiking path. The central bank raised rates…
Gas woes drag euro lower, dollar gains on recession worry
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar rose against a basket of major currencies on Tuesday, reversing course after three straight sessions of declines as recession fears grew and investors awaited a Federal Reserve policy statement, while energy supply concerns weighed on the euro. European Union countries approved a weakened emergency plan…
Dollar falls for third straight session with Fed eyed
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar was lower against a basket of major currencies on Monday, as investors weighed the implications of a rate hike by the U.S. Federal Reserve in an economy that may be on the verge of a recession. The central bank is widely expected to raise…
Dollar firm as Fed meeting and growth risks dominate
By Tom Westbrook SINGAPORE (Reuters) – The dollar was on a firm footing on Monday, as traders brace for a sharp U.S. interest rate hike this week and look for safety as data points to a weakening global economy. The greenback was up slightly against most majors early in the Asia session, trading…
Euro strengthens after ECB hikes faster than flagged
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The euro rose against the U.S. dollar in a choppy session on Thursday, after the European Central Bank (ECB) delivered a 50 basis points rate hike to tame inflation in its first rate increase since 2011. The ECB raised its benchmark deposit rate to 0%,…
Dollar rises vs euro as traders eye ECB rate decision
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar rose against the euro on Wednesday in a choppy session, but its gains were capped as traders were hesitant to drive big moves ahead of a crucial European Central Bank policy decision on Thursday. The single currency has rallied about 2% in the…
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