Dollar on front foot as traders await U.S. inflation data for Fed cues
By Alun John HONG KONG (Reuters) – The dollar was at a two-week high on the euro on Friday, ahead of inflation data that should guide the Federal Reserve’s policy tightening path, and after the European Central Bank said it would start its rate-hike campaign next month. U.S. core consumer price growth is…
Yen extends slide, euro steady as all eyes on ECB meeting
By Alun John HONG KONG (Reuters) – The yen dropped to a 20-year low on the dollar on Thursday, though most major currency pairs traded cautiously ahead of a highly-anticipated meeting by the European Central Bank, which should offer insights into its monetary policy tightening plans. The ECB is all but certain to…
Dollar dips as hopes rise that inflation has peaked
By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar index retreated from earlier highs and fell on Tuesday as Wall Street stocks erased initial declines amid growing hopes that inflation may have peaked, but the greenback managed to hit its highest level in 20 years against the Japanese yen. While a decline…
Dollar extends 20-year high vs yen amid inflation jitters; Aussie slips before RBA
By Kevin Buckland TOKYO (Reuters) – The dollar continued its overnight rally into Asian trading hours on Tuesday, hitting fresh two-decade highs versus the yen, as worries about persistent inflation pushed up U.S. bond yields. The greenback also edged higher versus the euro, sterling and Swiss franc. It crept up, too, versus the…
Dollar falls as investors reach for riskier currencies
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar fell across the board on Thursday, ceding ground gained in recent sessions as firmer risk sentiment prompted investors to reach for higher-yielding currencies. Stock markets around the world rose on Thursday after recent weakness, as bets Saudi Arabia may boost crude production cooled…
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…
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