U.S. considering move to block Russian debt payments -Treasury
By Steve Holland WASHINGTON (Reuters) -The United States is considering blocking Russia’s ability to pay its U.S. bondholders by allowing a key waiver to expire next week, a U.S. administration official said on Tuesday, which could put Moscow closer to the brink of default. Russia has so far managed to make its international…
Dollar knocked from 20-year high; yuan slide pauses
By Tom Westbrook SINGAPORE (Reuters) – The dollar fought for a footing on Tuesday and the tumbling Chinese yuan found a floor as investors trimmed bets on whether U.S. interest rate rises will drive further dollar gains. The greenback has edged from a two-decade high this week and was a touch softer across…
Dollar starts week on strong footing on firm safe-haven bid
By Alun John HONG KONG (Reuters) – The dollar started the week just off a 20-year high against peers on Monday, as investors sought safety due to fears about global growth while cryptocurrency markets appeared to find some stability after last week’s turmoil. The dollar index was at 104.54, having briefly crossed the…
Powell says Fed will fix inflation, calls price stability ‘bedrock’ of economy
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Calling stable prices the “bedrock” of the economy, Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank’s battle to control inflation would “include some pain” as the impact of higher interest rates is felt, but that the worse outcome would be for…
Dollar slips after CPI data as Fed expectations in check
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar was lower on Wednesday after economic data showed inflation remained high but was unlikely to lead the Federal Reserve to shift to a more aggressive path of monetary policy. The consumer price index rose 0.3% last month, the smallest gain since August, the Labor…
Dollar higher in choppy trade as inflation data eyed
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose on Tuesday, after fluctuating between modest gains and declines earlier in the session as it held near a two-decade high ahead of a key reading on inflation that could provide clues on the Federal Reserve’s monetary policy path. Equities were also choppy and…
U.S. dollar touches 20-year high as markets shun risk
By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar reached a new 20-year high on Monday as risk-off sentiment stemming in part from concerns over the Federal Reserve’s ability to combat high inflation boosted the greenback’s safe-haven appeal. The dollar has risen for five straight weeks as U.S. Treasury yields have climbed…
Dollar index hits 20-year high, sterling tumbles on dovish BoE
By Karen Brettell NEW YORK (Reuters) – The dollar hit a 20-year high against a basket of currencies on Thursday as a sharp stocks selloff boosted demand for the safe-haven currency and as the Federal Reserve was seen as tightening monetary policy more than peers. Stocks tumbled on Thursday as investors fretted the…
Dollar falls to one-week low as Powell pushes back against 75 bp hike
By Karen Brettell NEW YORK (Reuters) – The dollar fell to a one-week low against a basket of currencies on Wednesday after Federal Reserve Chairman Jerome Powell played down the prospect of a 75 basis point rate hike, even as he said the U.S. central bank will act aggressively to stamp out inflation.…
Dollar dips before Fed, Aussie gains after rate hike
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar slipped against a basket of currencies on Tuesday, as investors evaluated how much of the Federal Reserve’s expected move to hike rates this week and beyond was already priced in. The dollar index hit a 20-year high last week on expectations the U.S.…
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