Dollar drops on jobs data, yen rises from 10-month low
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar fell on Tuesday after data showed that U.S. job openings fell in July, as investors await more comprehensive labor market numbers in this week’s jobs report for August. The Japanese yen also gained, after earlier falling to a 10-month low. Job openings, a…
Dollar index dips, briefly hits 9-month high against yen
By Karen Brettell and Joice Alves NEW YORK (Reuters) – The dollar briefly hit a nine-month high against the Japanese yen on Monday and dipped against a basket of currencies, as investors waited on key data due later this week and kept an eye out for potential intervention to shore up the struggling…
Dollar rises ahead of Jackson Hole gathering
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose across the board on Thursday as investors awaited Fed Chair Jerome Powell’s speech on Friday at the Jackson Hole Economic Policy Symposium. Investors are looking forward to Powell’s address on monetary policy at 10:05 am ET on Friday for clues to the Fed’s…
Politics, Fed seen swaying Japan’s yen intervention thinking
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -The Federal Reserve’s Jackson Hole symposium this week looms as a key risk for Japanese authorities worried that new hawkish signals from U.S. central bankers could trigger another sharp yen selloff that would force Tokyo to prop up the currency. The annual gathering of Fed…
Dollar takes a breather, yen close to 146/$
By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar eased from a two-month peak on Wednesday as investors looked to the Federal Reserve chair’s speech this week for cues on the path of monetary policy, while the yen loitered near 146 a dollar, keeping traders guessing on any intervention. The dollar index, which…
Dollar eases before Jackson Hole, yen rises amid intervention jitters
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar eased back from a 10-week peak versus major peers on Tuesday, even as Treasury yields marched to fresh post-financial crisis highs, as traders awaited a potentially crucial speech from Federal Reserve Chair Jerome Powell later this week. The yen pulled away from a nine-month…
Dollar near two-month high, investors eye intervention-zone yen
By Hannah Lang WASHINGTON (Reuters) – The dollar index hovered near a two-month high on Thursday after Federal Reserve meeting minutes left the door open for more rate hikes and data this week indicated a resilient U.S. economy. Investors continue to closely watch the Japanese yen, which touched the key 145 level for…
Dollar flat after retail sales data, yuan falls to 9-month low
By Hannah Lang WASHINGTON (Reuters) – The dollar index was flat after data showed U.S. retail sales increased more than expected in July, while the yuan sank to a nine-month trough on Tuesday after China’s central bank unexpectedly cut key policy rates. U.S. retail sales jumped 0.7% last month, the Commerce Department said,…
Dollar hits highest in more than a month on China economy concerns
By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar hit more than a one-month high on Monday as investors sought a safe haven due to concerns about China’s economy, and traders braced for possible Japanese government intervention after the yen hit its lowest level since November. The dollar index, which tracks the currency…
US dollar recovers from inflation-related losses; yen slumps
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar reversed losses on Thursday, led by gains against the yen, as investors digested U.S. inflation numbers that showed a moderate increase last month, but are still way above the Federal Reserve’s 2% inflation target. The greenback climbed to five-week peaks against the yen of…
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