Yen weakens as BOJ holds the line, dollar loses steam before payrolls
By Rae Wee and Kevin Buckland SINGAPORE (Reuters) – The yen weakened after the Bank of Japan kept stimulus settings steady on Friday, while the dollar paused its ascent after a rise in U.S. jobless claims tempered expectations of further aggressive rate hikes from the Federal Reserve. The yen was last down about…
Dollar subdued ahead of Powell testimony
By Ankur Banerjee SINGAPORE (Reuters) – The dollar was subdued on Tuesday ahead of testimony by Federal Reserve chair Jerome Powell, which investors will focus on for cues of the path the U.S. central bank is likely to take in tackling sticky inflation. The dollar index, which measures the U.S. currency against six…
Dollar subdued as traders eye Powell testimony, jobs report
By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar made a tentative start to the week on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell and looked towards for a February jobs report that will likely influence how hawkish the U.S. central bank will be. The dollar index, which measures…
Dollar firms after U.S. labor data suggests more rate hikes
By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) – The dollar strengthened on Thursday after unemployment claims pointed to a still strong U.S. jobs market and other data showed growing labor costs, indicating the Federal Reserve has further to go in raising interest rates to tame inflation. The yield on two-year Treasury…
Dollar drops as commodity currencies gain on China optimism; euro rises on hot inflation
By Gertrude Chavez-Dreyfuss and Herbert Lash NEW YORK (Reuters) – The U.S. dollar fell across the board on Wednesday, weighed down by firmer commodity currencies that benefited from China’s strong manufacturing activity data, as well as gains in the euro after German inflation soared last month and raised rate hike expectations in the…
Dollar edges higher, set for 1st monthly gain since September
By Gertrude Chavez-Dreyfuss and John McCrank NEW YORK (Reuters) – The dollar ticked higher against major currencies in choppy trading on Tuesday, on track for its first monthly gain since September on views that interest rates will stay elevated for some time as inflation remains stubbornly high, while recession fears kept investors on…
Dollar slips after recent gains, recent uptrend intact
By Herbert Lash and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell from a seven-week high on Monday, tracking a slide in U.S. Treasury yields, as investors consolidated gains after the greenback’s recent rise and looked ahead for the release of jobs data and consumer prices for February. The dollar’s decline was…
U.S. dollar strengthens as Fed minutes signal higher rates
By Laura Matthews NEW YORK (Reuters) – The dollar strengthened on Wednesday after U.S. Federal Reserve meeting minutes showed policymakers are determined to use a slower pace of interest-rate hikes to tame persistently high inflation. The greenback rose in late trading, sending sterling down 0.58% to $1.2036, while the euro fell 0.44% to…
Dollar advances as strong U.S. data backs higher rates backdrop
By Gertrude Chavez-Dreyfuss and Laura Matthews NEW YORK (Reuters) – The U.S. dollar held gains against a basket of currencies on Thursday, bolstered by stronger-than-expected producer prices and falling jobless claims, hinting that the Federal Reserve would have to maintain its inflation-fighting interest rate hikes for longer. Earlier, the dollar index hit six-week…
Dollar hits six-week high vs yen; rises from two-week low after U.S. inflation data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar hit a six-week high against the yen and recovered from a roughly two-week low against a basket of major currencies on Tuesday as data for January showing the smallest annual increase in U.S. consumer prices since October 2021 did not alter market expectations that…
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