Dollar towers at two-decade high on growth woes, Fed outlook
By Tom Westbrook SINGAPORE (Reuters) – The dollar held firm at a 20-year high on Friday and was poised to score its best monthly gain in a decade, buoyed by bets on rising U.S. interest rates and doubts about growth in Europe and China. The latest uptick was thanks to the Bank of…
Dollar nears two-decade peaks as problems plague euro, yen
By Wayne Cole SYDNEY (Reuters) – The dollar was nearing heights not seen in two decades on Thursday as the energy crisis in Europe hamstrung the euro, while the yen was undercut by expectations the Bank of Japan would stick to its super-easy policies. Measured against a basket of currencies, the dollar index…
Dollar jumps on China growth fears, yen rebounds before BOJ meeting
By Karen Brettell NEW YORK (Reuters) – The dollar hit a two-year high on Tuesday as concerns about slowing growth in China and expectations the Federal Reserve will aggressively hike rates boosted demand for the greenback. The Japanese yen also rebounded as investors speculated that the Japanese central bank or government may act…
Euro inches up after Macron’s victory, gains against bruised sterling
By Alun John HONG KONG (Reuters) – The euro gained a fraction in early trade on Monday following French President Emmanuel Macron’s comfortable Sunday defeat of far-right rival Marine Le Pen, the outcome largely expected by markets and political analysts. The euro opened higher at $1.0840, was last trading at $1.0807, up 0.12%…
Yen and yuan suffer as Fed eyes faster hikes
By Tom Westbrook SINGAPORE (Reuters) – The dollar was headed for its seventh consecutive weekly gain on the yen on Friday and its best one-week rise on China’s yuan in more than two years as higher U.S. yields hoist the greenback. China is easing monetary policy and Japan is pinning its government bond…
Yen rises from 20-year trough vs dollar as U.S. yields retreat
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The Japanese yen bounced from a fresh two-decade low on Wednesday after the Bank of Japan stepped into the market again to defend its ultra-low interest-rate policy, drawing a sharp contrast with the Federal Reserve’s aggressive tightening path. Increased nervousness around verbal intervention and growing speculation…
U.S. dollar rockets to 20-year peak vs yen on Fed, BOJ policy difference
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar surged on Tuesday to a 20-year high against the Japanese yen, underpinned by the divergence in monetary policy between a Federal Reserve determined to keep a lid on soaring inflation and a Bank of Japan that has kept interest rates ultra-low. The greenback hit…
Oil Edges Lower as Traders Weigh China Lockdowns, Libyan Strife
(Bloomberg) — Oil edged lower after a four-day run of gains as investors weighed the threat to energy consumption from a slew of lockdowns in major centers in China against interruptions to crude supplies from Libya. West Texas Intermediate dropped below $108 a barrel in early Asian trading after closing at the highest…
Euro boosted by French election, dollar near two-year highs
By Karen Brettell NEW YORK (Reuters) – The dollar held just below two-year highs against a basket of currencies on Monday, still supported by higher U.S. Treasury yields, while the euro rallied after French leader Emmanuel Macron beat far-right challenger Marine Le Pen in the first round of presidential voting. U.S. Treasury yields…
Dollar buoyant as Fed readies to step up inflation fight
By Tom Westbrook SINGAPORE (Reuters) – The dollar hovered near a two-year high against a basket of currencies on Thursday, after meeting minutes showed the Federal Reserve preparing to move aggressively to head off inflation. The U.S. dollar index, which measures the greenback against six majors, touched its highest since May 2020 overnight…
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