Dollar firm as Delta virus threat looms over ‘Freedom Day’
By Tom Westbrook SINGAPORE (Reuters) – The dollar sat near its highest levels in months on Monday as the spread of the Delta coronavirus variant made investors nervous about the global recovery and sent money into safety. The risk-sensitive Australian dollar fell to its weakest against the greenback since December early in the…
Dollar stuck near 5-month low as caution reigns ahead of U.S. CPI, ECB tests
By Kevin Buckland TOKYO (Reuters) – The dollar continued to hover near a five-month low versus major peers on Thursday as investors looked to key U.S. inflation data and a European Central Bank meeting later in the day to potentially set the direction for currency markets. Investors have adopted a wait-and-see attitude all…
Dollar drifts lower as Fed speakers soothe inflation fears
By Tom Westbrook SINGAPORE (Reuters) – The dollar coasted at the bottom of its recent range on Tuesday, as softer-than-expected U.S. data and fresh insistence from Federal Reserve officials that policy would stay on hold allayed investor fears about inflation forcing interest rates higher. Investors are heavily short dollars in the belief that…
Dollar holds near two-week high, U.S. jobs data eyed for Fed clues
By Kevin Buckland TOKYO (Reuters) – The dollar hovered below a two-week high on Thursday, consolidating ahead of a key U.S. jobs report that may provide clues on when the Federal Reserve will dial back monetary stimulus. The greenback has rebounded from a one-month low over the past week, swung by U.S. economic…
Dollar Down Ahead of ECB Policy Decision, Falling U.S. Treasury Yields
By Gina Lee Investing.com – The dollar was down on Thursday morning in Asia, remaining near multi-week lows as falling gains in U.S. Treasury yields diminished the safe-haven U.S. currency’s interest-rate advantage. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.03% to 91.105 by X…
Dollar licks wounds after drop to seven-week trough amid lower U.S. yields
By Kevin Buckland TOKYO (Reuters) – The dollar languished on Wednesday, hovering just above a seven-week low with subdued U.S. bond yields reducing the currency’s yield appeal. The safe-haven greenback got some respite from a pullback in world stocks from record highs as flare ups in coronavirus infections from India to Canada soured…
Dollar set for back-to-back weekly losses on Fed’s lower-for-longer stance
By Kevin Buckland TOKYO (Reuters) – The dollar headed for its worst back-to-back weekly drop this year amid an extended retreat in Treasury yields as investors increasingly bought into the Federal Reserve’s insistence of keeping an accommodative policy stance for a while longer. The benchmark 10-year Treasury yield dipped to a one-month low…
Dollar languishes near three-week lows as traders brace for inflation data
By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a three-week low against major rivals on Tuesday, pressured by lower Treasury yields as traders awaited highly anticipated U.S. inflation data later in the global day. The greenback has retreated along with U.S. yields this month after surging to multi-month peaks on expectations…
Dollar set for weekly loss as data, Fed cool bond market
By Tom Westbrook SINGAPORE (Reuters) – The dollar was headed for its worst week of the year on Friday as unexpectedly strong economic data in Europe, downbeat U.S. jobs figures and a determinedly accommodative Federal Reserve have prompted investors to unwind some bets on the greenback. The euro and yen are also poised…
Dollar drops with U.S. yields despite strengthening U.S. recovery
By Kevin Buckland TOKYO (Reuters) – The dollar sank to an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with retreating Treasury yields from recent peaks despite signs of a robust U.S. economic recovery. The dollar index wallowed at its lowest level since March 25, slipping further…
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