Will ECB Look Past Decade High Inflation?
By Kathy Lien The European Central Bank has a monetary policy announcement on Thursday and many investors are wondering if euro will fall to the same fate as the Canadian and Australian dollars. Both currencies were sold after the rate announcements despite a tinge of optimism from their central banks. So far, the…
Dollar Edges Higher; Growing Risk Aversion Helps
By Peter Nurse Investing.com – The dollar traded higher Wednesday, benefiting from higher Treasury yields, caution ahead of the European Central Bank’s policy meeting and concerns over global growth. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, gained 0.1% to 92.635,…
Dollar drifting as traders turn to central bankers
By Tom Westbrook SINGAPORE (Reuters) – The dollar hovered near recent lows on Tuesday as traders braced for a slew of central bank meetings from Australia to Europe and Canada this week, looking for any signs that they are making progress towards policy normalisation. The possibility of a tapering delay in the United…
Dollar near one-month low as payrolls test looms
By Kevin Buckland TOKYO (Reuters) – The dollar sank to its lowest in almost a month against major rivals on Friday, ahead of a crucial U.S. jobs report that could spur the Federal Reserve to an earlier tapering of stimulus. The dollar index, which measures the greenback against six peers, slipped 0.04% to…
#USD – ADP Raises Red Flag for Non-Farm Payrolls
By Kathy Lien The U.S. dollar sold off against most of the major currencies after ADP’s employment report raised red flags for non-farm payrolls. U.S. yields turned lower once the report was released and the dollar followed quickly thereafter. Friday’s jobs report is the most important event risk this week and while economists…
U.S. Dollar Tracks Yields Higher
By Kathy Lien The U.S. dollar snapped higher on Tuesday when Treasury yields surged right before the London close. It is difficult to pinpoint the exact catalyst, as today’s U.S. economic reports were mostly weaker, but the greenback took its cue from rates. Month-end flows may have played a role in the move…
FX: Why Fake Outs Are More Likely Than Breakouts
By Kathy Lien Fake outs are more likely than breakouts in the foreign exchange market this week. This is the last week of August and, for many, it is synonymous with the end of summer. With final outings to the beach or the beginning of school on everyone’s minds, this is traditionally a…
Dollar Flat in Europe After Powell’s Dovish Tapering Speech
By Geoffrey Smith Investing.com — The dollar is starting the week little changed, with no real correction after lurching downward on Friday in response to the speech of Federal Reserve Chairman Jerome Powell. The greenback had lost around half a percent against its major trading partners on Friday after Powell hinted that the…
Dollar on back foot as Delta worries ease before Jackson Hole
By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a one-week low versus major peers on Thursday amid optimism the Delta coronavirus variant won’t derail a global economic recovery, with investors now eyeing the Fed’s Jackson Hole symposium on Friday for clues on the timing of a tapering of monetary stimulus. The…
Dollar near one-week low as Delta fears ease before Jackson Hole
By Kevin Buckland TOKYO (Reuters) – The safe-haven dollar traded near a one-week low versus major peers on Wednesday as concerns eased that the highly contagious Delta coronavirus variant could derail a global economic recovery, lifting commodity-linked currencies like the Aussie. Risk appetite in global markets has strengthened since the U.S. Food and…
Recent Comments