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…
Dollar eases as ECB rate hike hopes boost euro
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar slipped against the euro for a third straight session on Tuesday, following a Reuters story that European Central Bank policymakers are considering raising interest rates by a bigger-than-expected 50 basis points at their meeting on Thursday to tame record-high inflation. The rebound in…
Dollar dips as rate hike bets ease
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar slipped to a one-week low against a basket of currencies on Monday, from the two-decade high hit last week, as traders pared bets on how aggressive the Federal Reserve would be in raising rates at its meeting later this month. Fed officials…
Dollar little changed as traders await key U.S. data
By Herbert Lash NEW YORK (Reuters) – The dollar was little changed after the euro briefly slid to a new two-decade low on Thursday, and sterling held to gains after Boris Johnson said he was quitting as British prime minister. Investors await U.S. jobs data on Friday and the consumer price index next…
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