Dollar licks wounds after drop to seven-week trough amid lower U.S. yields
By Kevin Buckland TOKYO (Reuters) – The dollar languished on Wednesday, hovering just above a seven-week low with subdued U.S. bond yields reducing the currency’s yield appeal. The safe-haven greenback got some respite from a pullback in world stocks from record highs as flare ups in coronavirus infections from India to Canada soured…
Dollar set for back-to-back weekly losses on Fed’s lower-for-longer stance
By Kevin Buckland TOKYO (Reuters) – The dollar headed for its worst back-to-back weekly drop this year amid an extended retreat in Treasury yields as investors increasingly bought into the Federal Reserve’s insistence of keeping an accommodative policy stance for a while longer. The benchmark 10-year Treasury yield dipped to a one-month low…
Dollar languishes near three-week lows as traders brace for inflation data
By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a three-week low against major rivals on Tuesday, pressured by lower Treasury yields as traders awaited highly anticipated U.S. inflation data later in the global day. The greenback has retreated along with U.S. yields this month after surging to multi-month peaks on expectations…
Dollar set for weekly loss as data, Fed cool bond market
By Tom Westbrook SINGAPORE (Reuters) – The dollar was headed for its worst week of the year on Friday as unexpectedly strong economic data in Europe, downbeat U.S. jobs figures and a determinedly accommodative Federal Reserve have prompted investors to unwind some bets on the greenback. The euro and yen are also poised…
Dollar drops with U.S. yields despite strengthening U.S. recovery
By Kevin Buckland TOKYO (Reuters) – The dollar sank to an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with retreating Treasury yields from recent peaks despite signs of a robust U.S. economic recovery. The dollar index wallowed at its lowest level since March 25, slipping further…
Dollar holds near multi-month high on U.S. growth bets
By Hideyuki Sano TOKYO (Reuters) – The dollar held near a multi-month high against other major currencies on Thursday as investors bet fiscal stimulus and aggressive vaccinations will help the United States grow faster than other economies. The dollar’s index against a basket of six major currencies hit a five-month high of 93.439…
Dollar finds footing on U.S. economy as euro falters
By Tom Westbrook SINGAPORE (Reuters) – The dollar began the week on a firm footing, inching toward a milestone peak against the euro on Monday, as a cautious market mood pushed investors to safety while U.S. economic strength and a rapid vaccine rollout also added to the greenback’s shine. The euro was down…
Dollar holds advantage on economic optimism, euro looks vulnerable
By Stanley White TOKYO (Reuters) – The dollar traded near multi-month highs against most major currencies on Friday, supported by a wave of optimism due to improving U.S. economic data, the rollout of coronavirus vaccines, and rising Treasury yields. The euro was in focus ahead of data on German business sentiment due later…
Safe-haven dollar in demand as worries over European lockdowns, U.S. taxes sap risk appetite
By Kevin Buckland TOKYO (Reuters) – The safe-haven U.S. dollar approached a four-month high on Wednesday as concerns over a third COVID-19 wave in Europe, potential U.S. tax hikes and escalating tensions between the West and China sapped risk appetite. The yen also strengthened and U.S. Treasuries were bid while Wall Street stocks…
Dollar off recent highs as investors look to Fed, Yellen for bond clues
By Hideyuki Sano TOKYO (Reuters) – The U.S. dollar hovered below recent highs on Tuesday as investors looked to fresh comments from top U.S. policy makers to gauge how far they would allow U.S. bond yields to rise. The Turkish lira showed some sign of stability following a 7.5% dive on Monday after…
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