Dollar drifts toward monthly loss as Fed bets ease
By Tom Westbrook SINGAPORE (Reuters) – The dollar nursed last week’s losses on Monday and was headed for its first monthly drop in five months as investors have scaled back bets that rising U.S. rates will spur further gains and as fears of a global recession have receded a little. The week ahead…
Dollar eases as traders scale back bets on Fed tightening
By John McCrank NEW YORK (Reuters) – The U.S. dollar edged lower on Thursday as markets considered whether the Federal Reserve might slow or even pause its tightening cycle in the second half of the year, which would weaken the allure of the safehaven currency. The dollar index, which measures the greenback against…
Dollar rises as Fed minutes confirm near-term rate hike expectations
By John McCrank NEW YORK (Reuters) – The U.S. dollar rose on Wednesday, holding most of its earlier gains after minutes from the Federal Reserve’s May meeting showed that most participants believed half-percentage-point rate increases would likely be appropriate in June and July. All participants at the May 3-4 policy meeting backed the…
Dollar Bulls on Ice as Bets for Fed Pause on Rate Hikes Gather Pace
By Yasin Ebrahim Investing.com — The melt-up in dollar has come unstuck recently as the odds of the Federal Reserve putting its rate hike mission on ice later this year gather pace. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell 0.30% to 101.79 “When…
Euro climbs as ECB eyes rate hikes, dollar slides
By Sinéad Carew NEW YORK (Reuters) – The dollar index fell on Monday while the euro rallied after the European Central Bank indicated a move from negative interest rates, and riskier currencies gained ground along with equities. ECB President Christine Lagarde said in a blog post that the bank was likely to lift…
Dollar wobbles lower as China growth hopes lift Aussie
By Tom Westbrook SINGAPORE (Reuters) – The dollar began the week on the back foot, following its first weekly loss in nearly two months, as investors cut bets on further dollar gains from rising U.S. rates and turned hopeful that loosening lockdowns in China can help global growth. U.S stock market futures bounced…
Dollar drops as yen, Swiss franc draw safe-haven flows
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped across the board on Thursday, falling to a 2-week low, extending its pullback from a two-decade high, as most major currencies battered by the greenback’s advance this year drew buyers. With volatility on the rise in global financial markets, the dollar logged sharp…
U.S. considering move to block Russian debt payments -Treasury
By Steve Holland WASHINGTON (Reuters) -The United States is considering blocking Russia’s ability to pay its U.S. bondholders by allowing a key waiver to expire next week, a U.S. administration official said on Tuesday, which could put Moscow closer to the brink of default. Russia has so far managed to make its international…
Dollar knocked from 20-year high; yuan slide pauses
By Tom Westbrook SINGAPORE (Reuters) – The dollar fought for a footing on Tuesday and the tumbling Chinese yuan found a floor as investors trimmed bets on whether U.S. interest rate rises will drive further dollar gains. The greenback has edged from a two-decade high this week and was a touch softer across…
Dollar starts week on strong footing on firm safe-haven bid
By Alun John HONG KONG (Reuters) – The dollar started the week just off a 20-year high against peers on Monday, as investors sought safety due to fears about global growth while cryptocurrency markets appeared to find some stability after last week’s turmoil. The dollar index was at 104.54, having briefly crossed the…
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