Dollar licking wounds, looking to Jackson Hole
By Tom Westbrook SINGAPORE (Reuters) – The dollar was smarting on Tuesday following its sharpest one-day fall since May, though traders were wary of chasing the mood-driven move lower ahead of a Federal Reserve symposium that could map out an end to stimulus and asset purchases. The greenback dropped more than 1% against…
Dollar hits highest in over 9 months as risk aversion slams Aussie, Canada’s loonie
By Kevin Buckland TOKYO (Reuters) – The safe-haven U.S. dollar marked a fresh 9-1/2-month high against major peers on Friday, buoyed by fears that the Delta coronavirus variant could delay the global economic recovery. The greenback was also boosted by expectations the Federal Reserve could still start to taper stimulus this year, even…
Dollar hits 9-month high as Fed on track to taper this year
By Kevin Buckland TOKYO (Reuters) – The dollar rose to a nine-month high against its major peers on Thursday, on expectations that the Federal Reserve will start tapering its huge stimulus this year. The dollar index, which measures the U.S. currency against six rivals, climbed as high as 93.502, its strongest since Nov.…
Fed taper talk lifts dollar ahead of inflation test
By Tom Westbrook SINGAPORE (Reuters) – The dollar hovered near a four-month high against the euro and scaled a five-week peak on the Japanese yen on Wednesday, as traders awaited U.S. inflation data and wagered a high reading could pressure the Federal Reserve to wind back policy support. The greenback has already caught…
Dollar drifts higher as markets await jobs data for Fed clues
By Tom Westbrook SINGAPORE (Reuters) – The dollar was supported on Friday in the lead up to the release of U.S. employment data, as markets braced for the numbers that could make the case for faster U.S. policy tightening at a time when action in Europe and Japan remains distant. The euro has…
Fed Preview – These Two 5 Letter Words Could Make or Break Dollar
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar traded lower against the euro and Japanese Yen ahead of Wednesday’s Federal Reserve’s monetary policy announcement. This sell-off was driven by a combination of lower yields and weaker economic data. New home sales which were expected to rebound…
Dollar loiters near highs as traders await Fed
By Tom Westbrook SINGAPORE (Reuters) – The U.S. dollar hovered just below recent peaks on Tuesday, as investors turned to this week’s Federal Reserve meeting for clues on the policy outlook, while cryptocurrencies pulled back sharply after an attempt to break out of a monthslong range. The dollar had dipped about 0.3% against…
FX Outlook: What to Expect for EURO Post ECB
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The European Central Bank’s monetary policy announcement was the most important event this week but it did not inspire any breakout moves for EUR/USD. This of course is exactly what central bankers hoped for which is limited volatility when big announcements…
Dollar, yen in retreat as risk sentiment revives, Musk lifts bitcoin
By Kevin Buckland TOKYO (Reuters) – The safe-harbour U.S. dollar and yen remained on the back foot on Thursday, after pulling back from multi-month highs amid a recovery in risk appetite as strong earnings lifted Wall Street stocks. Cryptocurrencies rallied after Tesla (NASDAQ:TSLA) Inc CEO Elon Musk said the company would “most likely”…
Yen, dollar ascendant as Delta variant spurs flight to safety
By Kevin Buckland TOKYO (Reuters) – Safe-harbour currencies like the Japanese yen and U.S. dollar held near multi-month highs against the riskier Australian dollar and British pound on Tuesday, as fears grow that a rampant coronavirus variant could upend the global economic recovery. The yen surged to 80.05 per Aussie dollar on Monday…
Recent Comments