Dollar stronger amid higher U.S. yields on Fed’s lower-for-longer mantra
By Kevin Buckland and Sagarika Jaisinghani TOKYO (Reuters) – The safe-haven U.S. dollar held firmer on Friday, supported by higher Treasury yields and falling stock markets, as investors digested the Federal Reserve’s pushback against expectations of any early interest-rate hikes. The dollar index was slightly higher following a 0.5% jump from Thursday that…
Dollar wobbles after Fed pushes back against rate hike speculation
By Hideyuki Sano TOKYO (Reuters) – The U.S. dollar was on the defensive on Thursday after the Federal Reserve signalled it was in no hurry to raise interest rates through all of 2023 even as it saw a V-shaped recovery in the world’s largest economy. Investors dumped the dollar and rushed to more…
Major currencies on hold as investors keep eagle eye on Fed guidance
By Hideyuki Sano TOKYO (Reuters) – Major currencies held tight ranges on Wednesday as investors looked to the U.S. Federal Reserve’s policy meeting for any indications it could start rate hikes earlier or let bond yields rise further. The dollar index stood at 91.866, having risen for the last three sessions, drawing support…
Dollar holds firm in cautious trading before Fed meets
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar clung to small gains from the start of the week on Tuesday as caution reigned in currency markets ahead of major central bank meetings, headlined by a two-day Federal Reserve gathering beginning later in the global day. The greenback hovered just off its highest…
Safe-haven dollar wallows near one-week low as bond yields retreat
By Kevin Buckland TOKYO (Reuters) – The safe-haven dollar languished near a one-week low on Friday as calming bond markets lifted investor sentiment and appetite for Asian currencies. The commodity-linked Australian and New Zealand dollars traded close to one-week highs reached overnight as inflation fears ebbed, sending Wall Street stocks to record highs.…
Dollar nurses losses after benign inflation data
By Stanley White TOKYO (Reuters) – The dollar nursed losses against most currencies on Thursday after benign data on U.S. consumer price data and a decline in Treasury yields led some investors to trim bets on a rapid acceleration in inflation. The euro was in focus ahead of a European Central Bank meeting…
Safe-haven dollar on back foot as U.S. yields slide, boosting risk appetite
TOKYO (Reuters) – The U.S. dollar remained lower against major rivals on Wednesday after pulling back from multi-month highs as a retreat in Treasury yields reduced the currency’s appeal. Riskier currencies including the Australian and New Zealand dollars held overnight gains as the pause in the bond market rout of recent weeks boosted…
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.…
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