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…
Dollar eases as risk sentiment improves, China moves to support yuan
By Kevin Buckland TOKYO (Reuters) – The safe-haven dollar drifted lower in Asia on Wednesday as gains for European equity futures pointed to improved risk appetite despite fresh signs of the Chinese economy’s struggles. Dollar selling by state-owned Chinese banks helped the yuan rally off a one-month low even as the country slipped…
Dollar gains ground; Aussie, yuan slip after weak China trade data
By Rae Wee SINGAPORE (Reuters) – The dollar turned decisively higher on Tuesday as traders struggled to get a grip on the diverging growth outlooks between the world’s two largest economies, though they largely shrugged off another disappointing set of Chinese trade figures. China’s imports and exports fell much faster than expected in…
Dollar hits 4-week peak, then eases, sterling lower after BOE hike
By Herbert Lash NEW YORK (Reuters) -The dollar slid from a four-week peak on Thursday after U.S. labor market data failed to impress a day before a key jobs report, and as Treasury yields rose but eased at the short end. Nonfarm-productivity rose to an annualized 3.7% to help curb growth in labor…
Dollar shrugs off Fitch’s U.S. downgrade, advances on strong jobs data
By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) -The dollar rose on Wednesday as investors shrugged off Fitch’s U.S. credit rating downgrade while data showing a larger-than-expected increase in private payrolls in July bolstered the greenback as it points to labor market resilience. Private payrolls rose by 324,000 jobs last month, the…
Dollar shaky after US credit rating downgrade
By Rae Wee SINGAPORE (Reuters) – The dollar struggled to make headway on Wednesday after a cut on the U.S. government’s top credit rating by Fitch raised questions about the country’s fiscal outlook, though it drew some support from a relatively resilient run of economic data. Rating agency Fitch on Tuesday downgraded the…
US dollar rises as strong data push against dovish policy narrative
By Laura Matthews NEW YORK (Reuters) – The dollar strengthened against the euro on Thursday, after better-than-expected U.S. economic data continue to foil investors’ expectation for relatively dovish monetary policy from the Federal Reserve. A recent string of strong data show that, for now, the U.S. is staving off a recession, increasing the…
Dollar falls after Fed rate hike
By Laura Matthews NEW YORK (Reuters) – The dollar fell against a basket of its peers on Wednesday after the Federal Reserve raised interest rates by a quarter of a percentage point, citing still-elevated inflation as a rationale for what is now the highest U.S. central bank policy rate in 16 years. The…
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