Dollar falls as markets consolidate gains; up vs yen ahead of inflation data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell on Monday in choppy trading after last week’s strong rally, weighed down by firmer stocks and lower long-dated Treasury yields, as investors consolidated positions ahead of Tuesday’s crucial U.S. consumer price index (CPI) data. The greenback, however, rose to six-week highs against the…
Dollar flat after Fed official comments; focus on CPI data next week
By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar was little changed on Thursday as investors looked ahead to next week’s U.S. inflation data and digested comments from a slew of Federal Reserve officials who said modest interest rate rises were on the way. Moving to a federal funds rate of between 5.00%…
Dollar slips after Powell strikes balanced tone on inflation
By Rae Wee and Harry Robertson SINGAPORE/LONDON (Reuters) – The dollar fell on Wednesday after Federal Reserve Chair Jerome Powell declined to meaningfully harden his tone on inflation in a closely-watched speech, despite last week’s very strong employment numbers. In a question-and-answer session before the Economic Club of Washington on Tuesday, Powell said…
Dollar extends rebound as U.S. data supports; yen slips
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar jumped to a four-week high against the euro on Monday, as last week’s blockbuster U.S. jobs report raised the likelihood of the U.S. Federal Reserve keeping on with its inflation-fighting interest rate hikes for longer. The euro slipped 0.6% against the dollar to…
Euro, sterling dip as investors assess rate outlook
By Karen Brettell NEW YORK (Reuters) – The euro dipped against the dollar on Thursday after the European Central Bank raised interest rates by a widely expected 50 basis points, while the Bank of England adopted a more dovish tone on inflation. The ECB penciled in at least one more hike of the…
Dollar slumps to 9-month low on expectations of dovish Fed pivot
By Ambar Warrick Investing.com– The dollar tumbled to a nine-month low against a basket of currencies on Thursday, even after the Federal Reserve reiterated its commitment to keep hiking interest rates, with markets betting that the ensuing economic headwinds will force the bank into cutting rates as soon as this year. The dollar…
Wage data dents dollar recovery before Fed rate decision
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday, giving up earlier gains, after data showed U.S. labor costs increased less than expected in the fourth quarter, and before the Federal Reserve is expected to hike rates by 25 basis points on Wednesday. The Employment Cost Index, the broadest measure…
Dollar gains as central banks take central stage
By Karen Brettell NEW YORK (Reuters) – The dollar rose on Monday, a day before the Federal Reserve was due to begin a two-day policy meeting, while the euro was boosted by unexpectedly high inflation data before the European Central Bank meets on Thursday. The U.S. central bank is widely expected to hike…
Dollar cautiously firm ahead of busy central bank week
By Rae Wee SINGAPORE (Reuters) – The dollar firmed on Monday and distanced itself from an eight-month trough ahead of a slew of central bank meetings this week, including the Federal Reserve’s, with traders keenly focused on guidance for the path of interest rate rises. The U.S. dollar index, which measures the greenback…
Dollar higher as strong U.S. data backs a hawkish Fed
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar edged higher against the euro on Thursday after data showed the U.S. economy maintained a strong pace of growth in the fourth quarter, backing the case for the U.S. Federal Reserve to maintain its hawkish stance for longer. Gross domestic product increased at…
Recent Comments