Dollar continues dream run, little stands in its way – Reuters poll
By Hari Kishan BENGALURU (Reuters) – The U.S. dollar will remain strong for at least the next three months due to aggressive Federal Reserve interest rate rise expectations and safe-haven appeal stemming from global recession fears, a Reuters poll of foreign exchange analysts showed. The recent sell-off in risk assets and bond markets…
Dollar rules as recession fears hit euro, pound under fire
By Rae Wee and Alun John SINGAPORE/HONG KONG (Reuters) – The dollar stood tall on Wednesday, holding at a 20-year peak against the euro and multi-month highs against other major peers as higher gas prices and political uncertainty renewed recession fears and sent investors scrambling to the safe-haven currency. The euro was at…
Dollar holds firm as growth fears stalk markets
By Tom Westbrook and Rae Wee SINGAPORE (Reuters) – The dollar kept trade-sensitive currencies pinned near multi-year lows on Monday and the euro was under pressure as investors sought safety due to worries about slowing global growth. Data on Friday showed euro zone inflation surging to another record, adding to the case for…
Euro dives, dollar rises after Fed’s Powell reaffirms hawkish stance
By Hannah Lang WASHINGTON (Reuters) – The euro fell and the dollar rose on Wednesday after U.S. Federal Reserve Chairman Jerome Powell said the biggest risk to the U.S. economy is persistent inflation and not that interest rate hikes will slow the economy too much. Speaking at the European Central Bank Forum in…
Euro dips as markets manage expectations of ECB rate hikes
By Hannah Lang WASHINGTON (Reuters) – The dollar climbed on Tuesday while the euro faltered after European Central Bank (ECB) President Christine Lagarde offered no fresh insight into the central bank’s policy outlook. The ECB is widely expected to follow its global peers by raising interest rates in July to try to check…
Dollar retreats as markets rethink Fed rate bets, eye ECB hikes
By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar struggled versus its major rivals on Monday as softening inflation expectations prompted a reassessment of the prospects for aggressive interest rate hikes but volatile markets cushioned a broader decline. Aggressive rate hike bets have boosted the dollar with an index rising to a near…
BOJ focused on wages, yen at June meeting, no debate on tweaking yield cap
By Leika Kihara TOKYO (Reuters) -Many Bank of Japan (BOJ) policymakers saw stronger wage growth as key to sustaining the bank’s 2% inflation goal, according to a summary of opinions expressed at a June meeting, underscoring their resolve to maintain ultra-low interest rates. The summary of views voiced at the bank’s June 16-17…
Euro sinks after bleak manufacturing, services data; U.S. dollar rises
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The euro slid across the board on Thursday as weaker-than-expected German and French PMI data showed that the euro zone economy is struggling to gain traction, prompting traders to trim bets on big rate-hike moves from the European Central Bank. The dollar, on the other hand,…
Dollar eases as growth fears push yields lower
By Herbert Lash NEW YORK (Reuters) – The dollar fell on Wednesday as U.S. Treasury yields slid on fears the U.S. economy could slide into recession after Federal Reserve Chair Jerome Powell said higher rates are painful but are the means the U.S. central bank has to slow inflation. The Fed is not…
Dollar dips as Fed hikes rates, flags slowing economy
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar slipped against a basket of currencies on Wednesday, after the Federal Reserve raised interest rates by 75 basis points in a historic move to fight inflation and projected a slowing economy and rising unemployment in the months to come. The rate hike was…
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