Euro advances, surges to 15-year peak vs yen, after ECB lifts rates
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The euro hit a 15-year peak against the yen and a five-week high against the dollar on Thursday after the European Central Bank raised interest rates for the eighth straight time and signaled further tightening to bring euro zone inflation to its medium-term target of 2%.…
Greenback gains, Aussie jumps on RBA rate hike
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar gained against the euro and yen on Tuesday as investors focused on the likelihood that the Federal Reserve will continue hiking rates, while the Aussie jumped after the Reserve Bank of Australia (RBA) surprised with a rate increase. Fed officials are in a…
Dollar stumbles as signs point to Fed skipping June rate hike
By Hannah Lang (Reuters) – The dollar was on track for its worst daily loss in nearly a month on Thursday as U.S. manufacturing data and comments by Federal Reserve officials reinforced expectations the Federal Reserve will likely skip an interest rate hike at its upcoming meeting. The euro recovered from a two-month…
Dollar backs off highs after Fed officials suggest skipping June rate hike
By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar retreated from a more than two-month high on Wednesday after a Federal Reserve official warned any decision by the central bank to hold its benchmark overnight interest rate firm at an upcoming meeting would not mean that it is done tightening monetary policy. In…
Aussie slides with yuan after weak China data, yen soars
By Kevin Buckland TOKYO (Reuters) – The Australian and New Zealand dollars declined along with the yuan on Wednesday after a surprise deterioration in Chinese factory activity stoked worries about the country’s sputtering post-pandemic recovery. Traditional safe-haven currencies the dollar and yen outperformed the euro and sterling. The yen received additional support after…
Dollar eases as deal over US debt ceiling lifts risk appetite
By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar fell on Tuesday against a basket of major currencies but did not drift far from a two-month peak, after a deal over the U.S. debt ceiling lifted risk sentiment, although the agreement could face a rocky path through Congress. The dollar index, which measures…
Dollar steady on mounting Fed hike bets, debt ceiling deal optimism
By Rae Wee SINGAPORE (Reuters) – The dollar held firm on Monday supported by growing expectations of further rate hikes by the U.S. Federal Reserve, though news that a debt ceiling deal had been finalised drew some of the safe haven bids away from the greenback. The U.S. dollar notched a fresh six-month…
Dollar eyes third weekly gain on higher US rate expectations
By Rae Wee SINGAPORE (Reuters) – The dollar stood near a two-month high against its major peers on Friday and was headed for a third weekly gain on expectations that U.S. interest rates could remain higher for longer than initially expected. Jitters over debt ceiling negotiations between U.S. President Joe Biden and top…
Dollar ascendant amid resilient US economy, haven demand
By Kevin Buckland TOKYO (Reuters) – The dollar pushed to a two-month high against the euro and a six-month peak versus the yen on Thursday, as a resilient U.S. economy led traders to pare their bets on rate cuts this year. The greenback has also benefited from demand for safe havens, paradoxically as…
Dollar higher as U.S. debt ceiling concerns keep traders nervous
By Karen Brettell and Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar hit a two-month high against a basket of currencies on Tuesday as a lack of progress in talks over increasing the U.S. debt limit hurt investors’ appetite for risk-taking. Representatives of President Joe Biden and congressional Republicans ended another…
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