Dollar to clear recent weak period unscathed – FX analysts
By Hari Kishan BENGALURU (Reuters) – The U.S. dollar is set to clear its recent weak period unscathed and remain dominant because the number of reasons supporting it, including its safe-haven status, still strongly outweigh any reason to sell, according to a Reuters poll. Risk assets, which had their worst start to the…
Dollar rises as inflation worries hurt risk sentiment
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar strengthened across the board on Tuesday as Treasury yields climbed and worries over a further acceleration in global inflation depressed investors’ risk appetite. The dollar was supported by demand for safe havens. U.S. stocks fell on Tuesday as soaring oil prices and hawkish…
Dollar resumes slide as stock markets tentatively pick up
By Iain Withers LONDON (Reuters) – The U.S. dollar resumed its slide on Monday as risk appetite across markets tentatively strengthened, supported by encouraging economic data and bets that the Federal Reserve will tighten policy at a slower pace. The dollar index – which tracks the greenback against six major rivals – is…
Dollar drifts toward monthly loss as Fed bets ease
By Tom Westbrook SINGAPORE (Reuters) – The dollar nursed last week’s losses on Monday and was headed for its first monthly drop in five months as investors have scaled back bets that rising U.S. rates will spur further gains and as fears of a global recession have receded a little. The week ahead…
Dollar eases as traders scale back bets on Fed tightening
By John McCrank NEW YORK (Reuters) – The U.S. dollar edged lower on Thursday as markets considered whether the Federal Reserve might slow or even pause its tightening cycle in the second half of the year, which would weaken the allure of the safehaven currency. The dollar index, which measures the greenback against…
Dollar rises as Fed minutes confirm near-term rate hike expectations
By John McCrank NEW YORK (Reuters) – The U.S. dollar rose on Wednesday, holding most of its earlier gains after minutes from the Federal Reserve’s May meeting showed that most participants believed half-percentage-point rate increases would likely be appropriate in June and July. All participants at the May 3-4 policy meeting backed the…
Dollar Bulls on Ice as Bets for Fed Pause on Rate Hikes Gather Pace
By Yasin Ebrahim Investing.com — The melt-up in dollar has come unstuck recently as the odds of the Federal Reserve putting its rate hike mission on ice later this year gather pace. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell 0.30% to 101.79 “When…
Euro climbs as ECB eyes rate hikes, dollar slides
By Sinéad Carew NEW YORK (Reuters) – The dollar index fell on Monday while the euro rallied after the European Central Bank indicated a move from negative interest rates, and riskier currencies gained ground along with equities. ECB President Christine Lagarde said in a blog post that the bank was likely to lift…
Dollar wobbles lower as China growth hopes lift Aussie
By Tom Westbrook SINGAPORE (Reuters) – The dollar began the week on the back foot, following its first weekly loss in nearly two months, as investors cut bets on further dollar gains from rising U.S. rates and turned hopeful that loosening lockdowns in China can help global growth. U.S stock market futures bounced…
Dollar drops as yen, Swiss franc draw safe-haven flows
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped across the board on Thursday, falling to a 2-week low, extending its pullback from a two-decade high, as most major currencies battered by the greenback’s advance this year drew buyers. With volatility on the rise in global financial markets, the dollar logged sharp…
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