Dollar hits lowest since mid-June vs yen as investors reassess U.S. rate hike outlook
By Caroline Valetkevitch NEW YORK (Reuters) – The U.S. dollar hit its lowest level since mid-June against the Japanese yen on Monday as investors weighed the likelihood that the Federal Reserve will not raise interest rates as aggressively as some had expected. The U.S. dollar index was volatile after data showed U.S. manufacturing…
Dollar to Shake Off Post-Fed Blues as Calls on Fed Pivot Too Early
By Yasin Ebrahim Investing.com – It won’t be long until the dollar shakes off its post-Federal Reserve slumber as calls on a dovish Fed pivot are too early and weakening in the global economy will continue to sour sentiment on risk assets. The U.S. dollar index, which measures the greenback against a trade-weighted…
Dollar falls after Fed hike, Powell comments
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar fell on Wednesday against a basket of major currencies after the U.S. Federal Reserve raised interest rates by 75 basis points, as was widely anticipated, and comments from Fed Chair Jerome Powell spurred hopes for a slower hiking path. The central bank raised rates…
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…
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