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…
Week Ahead
By Joana Ferreira, Stock markets in the US and Germany will be closed on December 24th, while in the UK and Canada, trading ends early on Christmas Eve. Investors in the US will turn their attention to the personal income report, with forecasts suggesting income continued to rise at a steady pace in…
Dollar on back foot after hawkish tilts by BoE, ECB
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar remained under pressure on Friday, a day after the Bank of England and European Central Bank adopted more hawkish stances than markets had expected, giving a boost to sterling and the euro. The dollar index, which measures the currency against six major peers including…
Fed Sees 3 Hikes, Will the ECB Lady Taper?
By Kathy Lien The Federal Reserve took a big step in their battle with inflation today when they announced plans to taper asset purchases by $60 billion a month. In November they were cutting purchases by $15 billion a month and in December they raised that amount to $30 billion. They also raised…
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