Dollar jumps as Fed officials say more rate hikes needed
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar index surged to a one-month high on Thursday as Federal Reserve officials spoke of the need for further rate hikes, and investors reevaluated Wednesday’s minutes from the U.S. central bank’s July meeting as being more hawkish than originally thought. The Fed needs to…
Dollar firm as Fed digs in for protracted inflation fight
By Tom Westbrook SINGAPORE (Reuters) – The dollar was on the front foot on Thursday after minutes from the Federal Reserve’s July meeting pointed to U.S. interest rates staying higher for longer to bring down inflation. The greenback gained most against the Antipodeans, especially the Aussie, which was dragged down as weaker-than-expected wage…
Dollar steady before retail sales, Fed minutes
By Karen Brettell NEW YORK (Reuters) – The dollar was little changed against a basket of currencies on Tuesday as investors waited on U.S. retail sales and minutes from the Federal Reserve’s July meeting on Wednesday. The greenback has bounced from a six-week low last week as investors ramp up bets that the…
Dollar gains on safety flows after China data, yuan eases on rate cut
By Joice Alves and Kevin Buckland LONDON (Reuters) – The safe-haven U.S. dollar rose on Monday after a new batch of disappointing data from China bolstered global recession worries, while the yuan weakened following a People’s Bank of China surprise rate cut. Chinese industrial output, retail sales and fixed-asset investment all fell short…
Dollar bruised after U.S. inflation comes in below expectations
By Alun John HONG KONG (Reuters) – The euro and Japanese yen were sitting pretty on Thursday morning after U.S. inflation data overnight came in less hot than feared and sent the dollar tumbling. U.S. consumer prices were unchanged in July compared with June, when prices rose a monthly 1.3%. The July result…
Dollar edges higher as traders await U.S. inflation report
By John McCrank NEW YORK (Reuters) – The safe-haven dollar edged higher on Tuesday, erasing earlier losses as risk appetite dwindled ahead of key inflation figures that could offer clues on how aggressive the Federal Reserve will be in its expected interest rate hike in September. The dollar index, which measures the currency’s…
Dollar extends gains against yen as big Fed hike bets ramp up
By Kevin Buckland TOKYO (Reuters) – The dollar extended it best rally against the yen since mid-June on Monday, buoyed by higher Treasury yields after blockbuster U.S. jobs data lifted expectations for more aggressive Federal Reserve policy tightening. The greenback was last 0.31% higher at 135.42 yen, and earlier rose to 135.585 yen,…
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…
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