Fed Preview – These Two 5 Letter Words Could Make or Break Dollar
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar traded lower against the euro and Japanese Yen ahead of Wednesday’s Federal Reserve’s monetary policy announcement. This sell-off was driven by a combination of lower yields and weaker economic data. New home sales which were expected to rebound…
Dollar loiters near highs as traders await Fed
By Tom Westbrook SINGAPORE (Reuters) – The U.S. dollar hovered just below recent peaks on Tuesday, as investors turned to this week’s Federal Reserve meeting for clues on the policy outlook, while cryptocurrencies pulled back sharply after an attempt to break out of a monthslong range. The dollar had dipped about 0.3% against…
FX Outlook: What to Expect for EURO Post ECB
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The European Central Bank’s monetary policy announcement was the most important event this week but it did not inspire any breakout moves for EUR/USD. This of course is exactly what central bankers hoped for which is limited volatility when big announcements…
Dollar, yen in retreat as risk sentiment revives, Musk lifts bitcoin
By Kevin Buckland TOKYO (Reuters) – The safe-harbour U.S. dollar and yen remained on the back foot on Thursday, after pulling back from multi-month highs amid a recovery in risk appetite as strong earnings lifted Wall Street stocks. Cryptocurrencies rallied after Tesla (NASDAQ:TSLA) Inc CEO Elon Musk said the company would “most likely”…
Yen, dollar ascendant as Delta variant spurs flight to safety
By Kevin Buckland TOKYO (Reuters) – Safe-harbour currencies like the Japanese yen and U.S. dollar held near multi-month highs against the riskier Australian dollar and British pound on Tuesday, as fears grow that a rampant coronavirus variant could upend the global economic recovery. The yen surged to 80.05 per Aussie dollar on Monday…
Dollar firm as Delta virus threat looms over ‘Freedom Day’
By Tom Westbrook SINGAPORE (Reuters) – The dollar sat near its highest levels in months on Monday as the spread of the Delta coronavirus variant made investors nervous about the global recovery and sent money into safety. The risk-sensitive Australian dollar fell to its weakest against the greenback since December early in the…
Dollar stuck near 5-month low as caution reigns ahead of U.S. CPI, ECB tests
By Kevin Buckland TOKYO (Reuters) – The dollar continued to hover near a five-month low versus major peers on Thursday as investors looked to key U.S. inflation data and a European Central Bank meeting later in the day to potentially set the direction for currency markets. Investors have adopted a wait-and-see attitude all…
Dollar drifts lower as Fed speakers soothe inflation fears
By Tom Westbrook SINGAPORE (Reuters) – The dollar coasted at the bottom of its recent range on Tuesday, as softer-than-expected U.S. data and fresh insistence from Federal Reserve officials that policy would stay on hold allayed investor fears about inflation forcing interest rates higher. Investors are heavily short dollars in the belief that…
Dollar holds near two-week high, U.S. jobs data eyed for Fed clues
By Kevin Buckland TOKYO (Reuters) – The dollar hovered below a two-week high on Thursday, consolidating ahead of a key U.S. jobs report that may provide clues on when the Federal Reserve will dial back monetary stimulus. The greenback has rebounded from a one-month low over the past week, swung by U.S. economic…
Dollar Down Ahead of ECB Policy Decision, Falling U.S. Treasury Yields
By Gina Lee Investing.com – The dollar was down on Thursday morning in Asia, remaining near multi-week lows as falling gains in U.S. Treasury yields diminished the safe-haven U.S. currency’s interest-rate advantage. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.03% to 91.105 by X…
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