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…
Dollar firm as jittery markets look to Fed for catalysts
By Tom Westbrook SINGAPORE (Reuters) – The U.S. dollar steadied on Tuesday as rising coronavirus cases and doubts over the speed and size of U.S. stimulus tempered financial markets’ upbeat mood, while investors were also cautious ahead of the Federal Reserve’s review later in the week. In overnight trading, bonds rallied, hard-running U.S.…
Dollar firm as economic, pandemic gloom damp risk appetite
By Hideyuki Sano TOKYO (Reuters) – The dollar held ground against riskier currencies on Monday as weak economic data from Europe and fresh worries about the coronavirus supported investor demand for safe-havens, stretching greenback selling positions. Economic activity in the euro zone shrank markedly in January as stringent lockdowns to contain the coronavirus…
Senate panel to meet on Yellen nomination for Treasury on Friday
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – The U.S. Senate Finance Committee scheduled a meeting for Friday to consider the nomination of Janet Yellen for Treasury Secretary, raising the possibility that she could be confirmed by the full Senate later that day, congressional sources said. The new administration of President Joe…
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