FX: Big Week Ahead, What to Watch
By Kathy Lien Three central bank monetary policy announcements, inflation and GDP reports from the U.S. and Eurozone makes for a busy trading week. Big tech names like Amazon, Apple, Facebook and Google are also scheduled to release earnings and the S&P500’s new highs tell us that investors are looking for good results.…
Dollar catches footing as inflation pressures rates outlook
By Tom Westbrook SINGAPORE (Reuters) – The dollar steadied on Monday after its steepest weekly loss in more than a month, as traders weigh the effect of inflation on the relative pace of looming rate hikes – with a wary eye on U.S. growth data and a European Central Bank meeting. The greenback…
Dollar higher on upbeat U.S. data but set for weekly losses
By Alun John HONG KONG (Reuters) – The dollar was firmer early on Friday, helped higher by upbeat economic data though was headed for its second week of declines while commodities currencies slipped as traders rejigged their positions after this week’s brisk rally. Better jobs and housing data and rising U.S. Treasury yields…
USD Outlook – Risk Appetite vs. Fed Taper Plans
By Kathy Lien Stronger than expected earnings drove the Dow Jones Industrial Average to record highs. Despite Delta variant fears, rising prices and supply chain shortage, bulge bracket U.S. companies are thriving. More than 85% of S&P 500 companies that reported as of Tuesday beat expectations in the third quarter. Results like these…
FX: Watch UK and CA Rate Hike Bets
By Kathy Lien U.S. stocks extended their gains on Tuesday and the improvement in risk appetite drove investors out of safe haven currencies into riskier ones which explains why the U.S. dollar ended the day lower against all of the major currencies despite renewed gains in Treasury yields. Ten year rates are at…
Dollar softens amid bets other central banks to outpace Fed tightening
By Kevin Buckland TOKYO (Reuters) – The dollar languished near the bottom of its recent range against major peers on Tuesday, knocked back by weak U.S. factory data overnight and on market wagers of faster normalisation of monetary policy in other countries. The dollar index, which measures the greenback against six peers, weakened…
Dollar wavering as global inflation surges; kiwi jumps
By Tom Westbrook SINGAPORE (Reuters) – The dollar made a wobbly start to the week on Monday with the kiwi and sterling edging higher after a red-hot inflation readout in New Zealand and hawkish remarks from Britain’s central bank chief that put rate rises in investors’ sights. The dollar index has now slipped…
Fed Officials Saw Taper Starting in Mid-November or Mid-December
By Craig Torres (Bloomberg) Federal Reserve officials broadly agreed last month they should start reducing emergency pandemic support for the economy in mid-November or mid-December amid increasing concern over inflation. “Participants generally assessed that, provided that the economic recovery remained broadly on track, a gradual tapering process that concluded around the middle of…
Dollar Edges Down From 13-Month High Ahead of CPI Data
By Geoffrey Smith Investing.com — The dollar weakened in early trade in Europe on Wednesday as markets regained their appetite for risk a little ahead of key inflation data later in the session. By 3 AM ET (0700 GMT), the dollar index that measures the greenback against a basket of advanced economy currencies…
FX: Busy Week Ahead, What to Expect
By Kathy Lien This will be another busy week for the foreign exchange market. Inflation and spending – two of the most important elements of Federal Reserve policy will be in focus. With USD/JPY climbing to its strongest level since December 2018, investors have largely shrugged off Friday’s soft non-farm payrolls report. However…
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