Dollar heads for weekly loss as longs lose faith
By Tom Westbrook SYDNEY (Reuters) – The dollar headed for its largest weekly fall in eight months on Friday as investors trimmed long positions and deemed, for now, that several U.S. rate hikes this year are fully priced in. In a week where data showed U.S. inflation at its hottest since the early…
Daily Outlook [13-Jan-2022]
Daily Outlook for 13-Jan-2022
Dollar breaks key support, rates outlook seen unchanged by inflation data
By Tom Westbrook SYDNEY (Reuters) – The dollar was below key support levels on Thursday, having hit new lows overnight, after data showing U.S. consumer prices rose at their fastest rate in nearly 40 years was not deemed worrying enough to change an already hawkish rates outlook. After a couple of months in…
Dollar swoons as Powell soothes policy fears; CPI test looms
By Kevin Buckland TOKYO (Reuters) – The dollar slid to its weakest since November against major peers on Wednesday, after Federal Reserve Chair Jerome Powell said it may take several months to make a decision on running down the central bank’s $9 trillion balance sheet. In testimony at his renomination hearing, Powell said…
Dollar stagnates as traders wait on Powell for policy hints
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar hovered near the middle of its recent range against major peers on Tuesday as traders looked to incumbent Fed Chair Jerome Powell’s nomination hearing later in the day for new clues on the timing and pace of policy normalisation. In his prepared opening remarks,…
Dollar firm as inflation test looms
By Tom Westbrook SYDNEY (Reuters) – The dollar started the week with support as traders bet U.S. inflation data and appearances from several Federal Reserve officials would bolster the case for higher interest rates. After dipping on Friday, the greenback stood around its 200-day moving average against the euro at $1.1357 in early…
Economic Reports Indicate Stronger Dollar
By Kathy Lien, Today’s U.S. economic reports reminded investors of the dollar’s appeal. The labor market is strong and the Federal Reserve will be actively reducing stimulus this year driving rates higher. Ten year Treasury yields rose above 1.7%, matching a two year high. According to the minutes from the most recent Federal…
Dollar Down, Yen at Five-Year Low as Fed Interest Rate Hikes Loom
By Gina Lee Investing.com – The dollar was down on Wednesday morning in Asia. The yen fell to a near five-year low against the U.S. currency and saw losses on other crosses over investors bets that the Bank of Japan (BOJ) would fall behind its counterparts in tightening monetary policy to curb high…
Dollar hits one-month high vs yen as Fed rate bets lift U.S. yields
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar reached its strongest level in more than a month against the Japanese yen on Tuesday, lifted by a jump in Treasury yields overnight as traders bet on an early Federal Reserve interest rate hike despite surging COVID-19 cases. The greenback rose as high as…
Dollar inches up in thin holiday trading
HONG KONG (Reuters) – The dollar firmed slightly in early Asian trade on Wednesday as a recent rally in shares showed signs of petering out, but holiday-thinned trading meant markets were showing little real direction. The euro lost 0.14% overnight to $1.1307 and the pound slipped from a five-week high, helping to take…
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