Dollar approaches 20-year highs, Fed meeting in focus
By Karen Brettell NEW YORK (Reuters) – The dollar held just below a 20-year high against a basket of currencies on Monday before an expected Federal Reserve rate hike this week, with traders focused on the potential for the U.S. central bank to adopt an even more hawkish tone than many expect. The…
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Top 5 Things to Watch in Markets in the Week Ahead
By Noreen Burke Investing.com — With the Federal Reserve almost certainly set to deliver a half-percentage-point rate hike at its upcoming meeting on Wednesday, investors will be awaiting further insights on its next steps to combat surging inflation. The labor market is another key part of the Fed’s mandate and Friday’s U.S. employment…
Dollar towers at two-decade high on growth woes, Fed outlook
By Tom Westbrook SINGAPORE (Reuters) – The dollar held firm at a 20-year high on Friday and was poised to score its best monthly gain in a decade, buoyed by bets on rising U.S. interest rates and doubts about growth in Europe and China. The latest uptick was thanks to the Bank of…
Dollar nears two-decade peaks as problems plague euro, yen
By Wayne Cole SYDNEY (Reuters) – The dollar was nearing heights not seen in two decades on Thursday as the energy crisis in Europe hamstrung the euro, while the yen was undercut by expectations the Bank of Japan would stick to its super-easy policies. Measured against a basket of currencies, the dollar index…
Dollar jumps on China growth fears, yen rebounds before BOJ meeting
By Karen Brettell NEW YORK (Reuters) – The dollar hit a two-year high on Tuesday as concerns about slowing growth in China and expectations the Federal Reserve will aggressively hike rates boosted demand for the greenback. The Japanese yen also rebounded as investors speculated that the Japanese central bank or government may act…
Euro inches up after Macron’s victory, gains against bruised sterling
By Alun John HONG KONG (Reuters) – The euro gained a fraction in early trade on Monday following French President Emmanuel Macron’s comfortable Sunday defeat of far-right rival Marine Le Pen, the outcome largely expected by markets and political analysts. The euro opened higher at $1.0840, was last trading at $1.0807, up 0.12%…
Yen and yuan suffer as Fed eyes faster hikes
By Tom Westbrook SINGAPORE (Reuters) – The dollar was headed for its seventh consecutive weekly gain on the yen on Friday and its best one-week rise on China’s yuan in more than two years as higher U.S. yields hoist the greenback. China is easing monetary policy and Japan is pinning its government bond…
Yen rises from 20-year trough vs dollar as U.S. yields retreat
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The Japanese yen bounced from a fresh two-decade low on Wednesday after the Bank of Japan stepped into the market again to defend its ultra-low interest-rate policy, drawing a sharp contrast with the Federal Reserve’s aggressive tightening path. Increased nervousness around verbal intervention and growing speculation…
U.S. dollar rockets to 20-year peak vs yen on Fed, BOJ policy difference
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar surged on Tuesday to a 20-year high against the Japanese yen, underpinned by the divergence in monetary policy between a Federal Reserve determined to keep a lid on soaring inflation and a Bank of Japan that has kept interest rates ultra-low. The greenback hit…
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