U.S. Dollar Tracks Yields Higher
By Kathy Lien The U.S. dollar snapped higher on Tuesday when Treasury yields surged right before the London close. It is difficult to pinpoint the exact catalyst, as today’s U.S. economic reports were mostly weaker, but the greenback took its cue from rates. Month-end flows may have played a role in the move…
FX: Why Fake Outs Are More Likely Than Breakouts
By Kathy Lien Fake outs are more likely than breakouts in the foreign exchange market this week. This is the last week of August and, for many, it is synonymous with the end of summer. With final outings to the beach or the beginning of school on everyone’s minds, this is traditionally a…
Dollar Flat in Europe After Powell’s Dovish Tapering Speech
By Geoffrey Smith Investing.com — The dollar is starting the week little changed, with no real correction after lurching downward on Friday in response to the speech of Federal Reserve Chairman Jerome Powell. The greenback had lost around half a percent against its major trading partners on Friday after Powell hinted that the…
Dollar on back foot as Delta worries ease before Jackson Hole
By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a one-week low versus major peers on Thursday amid optimism the Delta coronavirus variant won’t derail a global economic recovery, with investors now eyeing the Fed’s Jackson Hole symposium on Friday for clues on the timing of a tapering of monetary stimulus. The…
Dollar near one-week low as Delta fears ease before Jackson Hole
By Kevin Buckland TOKYO (Reuters) – The safe-haven dollar traded near a one-week low versus major peers on Wednesday as concerns eased that the highly contagious Delta coronavirus variant could derail a global economic recovery, lifting commodity-linked currencies like the Aussie. Risk appetite in global markets has strengthened since the U.S. Food and…
Dollar licking wounds, looking to Jackson Hole
By Tom Westbrook SINGAPORE (Reuters) – The dollar was smarting on Tuesday following its sharpest one-day fall since May, though traders were wary of chasing the mood-driven move lower ahead of a Federal Reserve symposium that could map out an end to stimulus and asset purchases. The greenback dropped more than 1% against…
Dollar hits highest in over 9 months as risk aversion slams Aussie, Canada’s loonie
By Kevin Buckland TOKYO (Reuters) – The safe-haven U.S. dollar marked a fresh 9-1/2-month high against major peers on Friday, buoyed by fears that the Delta coronavirus variant could delay the global economic recovery. The greenback was also boosted by expectations the Federal Reserve could still start to taper stimulus this year, even…
Dollar hits 9-month high as Fed on track to taper this year
By Kevin Buckland TOKYO (Reuters) – The dollar rose to a nine-month high against its major peers on Thursday, on expectations that the Federal Reserve will start tapering its huge stimulus this year. The dollar index, which measures the U.S. currency against six rivals, climbed as high as 93.502, its strongest since Nov.…
Fed taper talk lifts dollar ahead of inflation test
By Tom Westbrook SINGAPORE (Reuters) – The dollar hovered near a four-month high against the euro and scaled a five-week peak on the Japanese yen on Wednesday, as traders awaited U.S. inflation data and wagered a high reading could pressure the Federal Reserve to wind back policy support. The greenback has already caught…
Dollar drifts higher as markets await jobs data for Fed clues
By Tom Westbrook SINGAPORE (Reuters) – The dollar was supported on Friday in the lead up to the release of U.S. employment data, as markets braced for the numbers that could make the case for faster U.S. policy tightening at a time when action in Europe and Japan remains distant. The euro has…
Recent Comments