Dollar drifts as soft inflation raises taper timing questions
By Kevin Buckland TOKYO (Reuters) – The dollar drifted within recent ranges against major peers on Wednesday after softer-than-expected U.S. inflation raised doubts about a taper of Federal Reserve stimulus this year. The dollar index stood at 92.632, little changed from Tuesday, when it dropped following the inflation data only to recover on…
FX: Top 10 Events to Watch this Week
By Kathy Lien September is a busy month. For investors, asset price movements will be determined by central bank rate decisions, employment reports and elections. There are no monetary policy announcements this week but inflation and spending reports from the U.S. and U.K. will shape expectations for next week’s Federal Reserve and Bank…
Dollar set for first winning week in three with Fed in focus
By Kevin Buckland TOKYO (Reuters) – The dollar headed for its first winning week in three on Friday after rebounding from a payrolls-induced sell-off, as investors continued to ponder the timing of a tapering of Federal Reserve stimulus. The dollar index, which gauges the greenback against six major peers, was little changed on…
Will ECB Look Past Decade High Inflation?
By Kathy Lien The European Central Bank has a monetary policy announcement on Thursday and many investors are wondering if euro will fall to the same fate as the Canadian and Australian dollars. Both currencies were sold after the rate announcements despite a tinge of optimism from their central banks. So far, the…
Dollar Edges Higher; Growing Risk Aversion Helps
By Peter Nurse Investing.com – The dollar traded higher Wednesday, benefiting from higher Treasury yields, caution ahead of the European Central Bank’s policy meeting and concerns over global growth. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, gained 0.1% to 92.635,…
Dollar drifting as traders turn to central bankers
By Tom Westbrook SINGAPORE (Reuters) – The dollar hovered near recent lows on Tuesday as traders braced for a slew of central bank meetings from Australia to Europe and Canada this week, looking for any signs that they are making progress towards policy normalisation. The possibility of a tapering delay in the United…
Dollar near one-month low as payrolls test looms
By Kevin Buckland TOKYO (Reuters) – The dollar sank to its lowest in almost a month against major rivals on Friday, ahead of a crucial U.S. jobs report that could spur the Federal Reserve to an earlier tapering of stimulus. The dollar index, which measures the greenback against six peers, slipped 0.04% to…
#USD – ADP Raises Red Flag for Non-Farm Payrolls
By Kathy Lien The U.S. dollar sold off against most of the major currencies after ADP’s employment report raised red flags for non-farm payrolls. U.S. yields turned lower once the report was released and the dollar followed quickly thereafter. Friday’s jobs report is the most important event risk this week and while economists…
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