Leaping yields buttress dollar ahead of Fed meeting
By Tom Westbrook SYDNEY (Reuters) – The dollar was firm on Wednesday after a rip higher in U.S. yields vaulted it up sharply on the euro overnight, putting it back above support levels that have held for the past few months in anticipation of rising U.S. interest rates. The euro fell about 0.7%…
Dollar fails to catch a lift from higher yields, Bank of Japan in focus
By Alun John HONG KONG (Reuters) – The yen edged higher ahead of the outcome of a central bank policy meeting on Tuesday, while the dollar seemingly ignored U.S. Treasury yields hitting new near two-year highs on their return from a long weekend break. The Bank of Japan will probably slightly revise up…
Daily Outlook For 14th Jan 2022
The USD fell a day after data showing an in-line spike in US consumer prices in December failed to provide fresh impetus as the Federal Reserve’s bid to normalize policy.
Dollar heads for weekly loss as longs lose faith
By Tom Westbrook SYDNEY (Reuters) – The dollar headed for its largest weekly fall in eight months on Friday as investors trimmed long positions and deemed, for now, that several U.S. rate hikes this year are fully priced in. In a week where data showed U.S. inflation at its hottest since the early…
Daily Outlook [13-Jan-2022]
Daily Outlook for 13-Jan-2022
Dollar breaks key support, rates outlook seen unchanged by inflation data
By Tom Westbrook SYDNEY (Reuters) – The dollar was below key support levels on Thursday, having hit new lows overnight, after data showing U.S. consumer prices rose at their fastest rate in nearly 40 years was not deemed worrying enough to change an already hawkish rates outlook. After a couple of months in…
Dollar swoons as Powell soothes policy fears; CPI test looms
By Kevin Buckland TOKYO (Reuters) – The dollar slid to its weakest since November against major peers on Wednesday, after Federal Reserve Chair Jerome Powell said it may take several months to make a decision on running down the central bank’s $9 trillion balance sheet. In testimony at his renomination hearing, Powell said…
Dollar stagnates as traders wait on Powell for policy hints
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar hovered near the middle of its recent range against major peers on Tuesday as traders looked to incumbent Fed Chair Jerome Powell’s nomination hearing later in the day for new clues on the timing and pace of policy normalisation. In his prepared opening remarks,…
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