Dollar dips as Powell says rate hikes may slow
By Karen Brettell NEW YORK (Reuters) – The dollar dipped on Wednesday after Federal Reserve Chairman Jerome Powell said that the U.S. central bank could scale back the pace of its interest rate hikes “as soon as December,” helping to put the dollar index on track for its worst month since 2010. Powell…
Yen gains before Powell speech, Aussie jumps
By Karen Brettell NEW YORK (Reuters) – The greenback edged lower against the Japanese yen on Tuesday with Federal Reserve chairman Jerome Powell due to speak on Wednesday, while the Aussie dollar jumped as sentiment improved on hopes that China would reopen from COVID shutdowns. Powell’s comments will be evaluated for any new…
Dollar rebounds on Fed expectations, Aussie drops
NEW YORK (Reuters) – The dollar clawed back earlier losses on Monday as a hawkish Federal Reserve official laid out the case for further rate hikes, while the Australian dollar sank on concerns about unrest over COVID-19 restrictions in China. The greenback rebounded in early U.S. trading and added to gains after St.…
Dollar extends losses as Fed minutes signal slower rate hikes
By Samuel Indyk LONDON (Reuters) – The U.S. dollar extended losses on Thursday after the minutes from the Federal Reserve’s November meeting supported the view that the central bank would downshift and raise rates in smaller steps from its December meeting. The eagerly awaited readout of the Nov. 1-2 meeting showed officials were…
Dollar down as Fed minutes, U.S. data weighs
By Saqib Iqbal Ahmed and John McCrank NEW YORK (Reuters) – The U.S. dollar fell across the board on Wednesday, after minutes from the Federal Reserve’s November meeting showed that most policymakers at the central bank agreed it would soon be appropriate to slow the pace of interest rate hikes. The readout of…
Dollar slips as investors tiptoe back into riskier currencies
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar retreated across the board on Tuesday, ceding some of the ground gained in the previous session, as investors looked past worries about China’s COVID flare-ups, boosting demand for more risky currencies. Equities, commodities and riskier currencies were largely firmer on Tuesday, a day…
Dollar steadies as China COVID fears linger
By Rae Wee SINGAPORE (Reuters) – The dollar pared some of its strong overnight gains on Tuesday after investors flocked to the safe-haven currency on nerves over China’s COVID flare ups, though cautious risk sentiment kept the greenback in demand. The fresh bout of risk aversion had weighed particularly on the antipodean currencies…
Dollar rises with bets on hawkish Fed; sterling drops
By Sinéad Carew and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose on Thursday as U.S. Treasury yields increased and investors eyed hawkish comments from Federal Reserve officials, while the British pound fell as investors were left unimpressed by the UK government’s latest budget. The greenback rebounded a little after falling in…
Dollar is red but supported by U.S. data, hawkish Fed speakers
By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) – The dollar was supported by stronger-than-expected U.S. retail sales data on Wednesday as investors also looked for clues from Federal Reserve speakers on the path for interest rates. But the euro gained against the greenback and the yen as geopolitical concerns eased after…
Currency trading in a spin after Polish explosion
By Sinéad Carew and Joice Alves NEW YORK/LONDON (Reuters) – Trading in the dollar and the euro was volatile on Tuesday, with both currencies trading below their session highs as investors tried to interpret reports that stray Russian missiles may have hit NATO member Poland, killing two people. The euro had lost ground…
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