Gas woes drag euro lower, dollar gains on recession worry
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar rose against a basket of major currencies on Tuesday, reversing course after three straight sessions of declines as recession fears grew and investors awaited a Federal Reserve policy statement, while energy supply concerns weighed on the euro. European Union countries approved a weakened emergency plan…
Dollar falls for third straight session with Fed eyed
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar was lower against a basket of major currencies on Monday, as investors weighed the implications of a rate hike by the U.S. Federal Reserve in an economy that may be on the verge of a recession. The central bank is widely expected to raise…
Dollar firm as Fed meeting and growth risks dominate
By Tom Westbrook SINGAPORE (Reuters) – The dollar was on a firm footing on Monday, as traders brace for a sharp U.S. interest rate hike this week and look for safety as data points to a weakening global economy. The greenback was up slightly against most majors early in the Asia session, trading…
Euro strengthens after ECB hikes faster than flagged
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The euro rose against the U.S. dollar in a choppy session on Thursday, after the European Central Bank (ECB) delivered a 50 basis points rate hike to tame inflation in its first rate increase since 2011. The ECB raised its benchmark deposit rate to 0%,…
Dollar little changed as traders await key U.S. data
By Herbert Lash NEW YORK (Reuters) – The dollar was little changed after the euro briefly slid to a new two-decade low on Thursday, and sterling held to gains after Boris Johnson said he was quitting as British prime minister. Investors await U.S. jobs data on Friday and the consumer price index next…
Dollar continues dream run, little stands in its way – Reuters poll
By Hari Kishan BENGALURU (Reuters) – The U.S. dollar will remain strong for at least the next three months due to aggressive Federal Reserve interest rate rise expectations and safe-haven appeal stemming from global recession fears, a Reuters poll of foreign exchange analysts showed. The recent sell-off in risk assets and bond markets…
Dollar rules as recession fears hit euro, pound under fire
By Rae Wee and Alun John SINGAPORE/HONG KONG (Reuters) – The dollar stood tall on Wednesday, holding at a 20-year peak against the euro and multi-month highs against other major peers as higher gas prices and political uncertainty renewed recession fears and sent investors scrambling to the safe-haven currency. The euro was at…
Dollar holds firm as growth fears stalk markets
By Tom Westbrook and Rae Wee SINGAPORE (Reuters) – The dollar kept trade-sensitive currencies pinned near multi-year lows on Monday and the euro was under pressure as investors sought safety due to worries about slowing global growth. Data on Friday showed euro zone inflation surging to another record, adding to the case for…
Euro dives, dollar rises after Fed’s Powell reaffirms hawkish stance
By Hannah Lang WASHINGTON (Reuters) – The euro fell and the dollar rose on Wednesday after U.S. Federal Reserve Chairman Jerome Powell said the biggest risk to the U.S. economy is persistent inflation and not that interest rate hikes will slow the economy too much. Speaking at the European Central Bank Forum in…
Euro dips as markets manage expectations of ECB rate hikes
By Hannah Lang WASHINGTON (Reuters) – The dollar climbed on Tuesday while the euro faltered after European Central Bank (ECB) President Christine Lagarde offered no fresh insight into the central bank’s policy outlook. The ECB is widely expected to follow its global peers by raising interest rates in July to try to check…
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