Dollar reigns supreme on yields, recovery advantage
By Hideyuki Sano and Sagarika Jaisinghani TOKYO (Reuters) – The dollar held near a 3 1/2-month high against its rivals on Tuesday as higher bond yields and expectations of faster economic normalisation from the pandemic in the United States put the U.S. currency at an advantage. The dollar’s index against six major currencies…
Dollar ascendant as Powell stays dovish course; risk currencies slide
By Kevin Buckland TOKYO (Reuters) – The dollar held firmly near three-month highs on Friday after surging overnight as Federal Reserve Chair Jerome Powell stuck with dovish rhetoric despite a recent spike in bond market volatility. The U.S. currency soared the most in a month after Powell said the violent sell-off in Treasuries…
Dollar Up Over Treasuries’ Orderly Gains, but Concerns Remain
By Gina Lee Investing.com – The dollar inched up on Thursday morning in Asia after hitting a seven-month high against the yen during the previous session. With U.S. Treasuries recording orderly gains and boosting the dollar, U.S. Federal Reserve Chairman Jerome Powell is also due to give a speech later in the day.…
Dollar on defensive as risk sentiment recovers amid retreat in U.S. yields; Aussie gains
By Kevin Buckland TOKYO (Reuters) – The safe-haven U.S. dollar remained broadly weaker on Wednesday as Treasury yields retreated further, restoring some calm to global markets and reigniting demand for riskier assets. Commodity-linked currencies including the Australian dollar and the Norwegian krone held on to sizeable two-day advances. The lower U.S. bond yields…
Dollar holds advantage over low-yielders, A$ looks to RBA
By Hideyuki Sano TOKYO (Reuters) – The dollar stood firm against its low-yielding peers on Tuesday on bets of a faster economic recovery and greater tolerance of higher U.S. bond yields, while the Australian dollar looked to guidance from the country’s central bank. The dollar index last stood at 91.014, having hit a…
Dollar Up, But Near Three-Year Lows, Fed Continues Dovish Tone
By Gina Lee Investing.com – The dollar was up on Thursday morning in Asia, but stayed near three-year lows, as the U.S. Federal Reserve continued a dovish stance that stoked reflation fears. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.07% to 90.095 by 9:24…
Dollar in doldrums as recovery optimism thrives
By Tom Westbrook SINGAPORE (Reuters) – The U.S. dollar was pinned down on Tuesday, as vaccine optimism boosted the British pound to an almost three-year high, while rising oil prices and buoyant expectations for global recovery supported commodity and trade-exposed currencies. In trade thinned by Lunar New Year holidays in China and Monday’s…
What Did Fed Do to Make Dollar Pop?
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management With the Federal Reserve holding its first monetary policy meeting of the year, it would be easy to attribute today’s dollar rally to the central bank’s comments. However, nothing in Fed Chairman Powell’s Q&A session warranted today’s spike in the dollar…
Dollar gains on risk aversion as stock rout spreads
By Stanley White TOKYO (Reuters) – The dollar extended gains against most currencies on Thursday as a stock market rout due to concerns about excessive valuations boosted safe-harbour demand for the U.S. currency. The euro nursed losses after a European Central Bank member warned that interest rate cuts are possible to curb the…
Dollar on the defensive with Fed’s Powell likely to sound dovish note
By Kevin Buckland TOKYO (Reuters) – The dollar was trapped on the back foot against major peers on Wednesday as markets wait on comments from Federal Reserve Chair Jerome Powell, who is likely to renew a commitment to ultra-easy policy. The greenback held declines against riskier currencies, with pandemic recovery hopes getting a…
Recent Comments