Dollar firm as inflation test looms
By Tom Westbrook SYDNEY (Reuters) – The dollar started the week with support as traders bet U.S. inflation data and appearances from several Federal Reserve officials would bolster the case for higher interest rates. After dipping on Friday, the greenback stood around its 200-day moving average against the euro at $1.1357 in early…
Economic Reports Indicate Stronger Dollar
By Kathy Lien, Today’s U.S. economic reports reminded investors of the dollar’s appeal. The labor market is strong and the Federal Reserve will be actively reducing stimulus this year driving rates higher. Ten year Treasury yields rose above 1.7%, matching a two year high. According to the minutes from the most recent Federal…
Dollar Down, Yen at Five-Year Low as Fed Interest Rate Hikes Loom
By Gina Lee Investing.com – The dollar was down on Wednesday morning in Asia. The yen fell to a near five-year low against the U.S. currency and saw losses on other crosses over investors bets that the Bank of Japan (BOJ) would fall behind its counterparts in tightening monetary policy to curb high…
Dollar hits one-month high vs yen as Fed rate bets lift U.S. yields
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar reached its strongest level in more than a month against the Japanese yen on Tuesday, lifted by a jump in Treasury yields overnight as traders bet on an early Federal Reserve interest rate hike despite surging COVID-19 cases. The greenback rose as high as…
Dollar inches up in thin holiday trading
HONG KONG (Reuters) – The dollar firmed slightly in early Asian trade on Wednesday as a recent rally in shares showed signs of petering out, but holiday-thinned trading meant markets were showing little real direction. The euro lost 0.14% overnight to $1.1307 and the pound slipped from a five-week high, helping to take…
Gold flat as U.S yields, dollar remain steady
(Reuters) – Gold held steady on Tuesday at near one-week high hit in the previous session as the U.S. dollar and Treasury yields, key influences on bullion prices, were largely flat. FUNDAMENTALS * Spot gold was mostly flat $1,810.76 per ounce by 0048 GMT. U.S. gold futures were up 0.2% at $1,811.70. *…
Asia stocks, oil struggle as Omicron worries weigh
By Kevin Buckland TOKYO (Reuters) – Asian stock markets were generally weaker with U.S. crude in holiday-thinned trading on Monday, as uncertainty over the economic impact of the Omicron coronavirus variant weighed on investor sentiment. U.S. airlines have cancelled or delayed thousands of flights over the past three days due to COVID-19-related staff…
Dollar droops as optimism on economic outlook saps demand for haven assets
By Kevin Buckland TOKYO (Reuters) – The safe-haven dollar languished near an almost one-week low against its major peers on Thursday as investors adopted a more optimistic stance about the global economic outlook, despite the rapid spread of the Omicron coronavirus variant. The dollar index, which measures the currency against six rivals, stood…
Dollar out of favour as Omicron leaves currency markets unseasonably volatile
By Alun John HONG KONG (Reuters) – The dollar edged down again in early Asia on Wednesday, starting a third successive session under pressure as investors favoured riskier currencies and asset classes. The New Zealand dollar rose 0.8% on Tuesday, its best day since October, recovering from near a year low to last…
Dollar on back foot as Treasury yields soften, Omicron keeps markets on edge
By Alun John HONG KONG (Reuters) – The dollar hovered below recent highs on Tuesday having lost ground overnight after a blow to Democratic spending plans in Washington, but worries about the Omicron coronavirus variant kept risk currencies in check. The dollar index, which measures the currency against six major peers, was last…
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