Dollar Bulls on Ice as Bets for Fed Pause on Rate Hikes Gather Pace
By Yasin Ebrahim Investing.com — The melt-up in dollar has come unstuck recently as the odds of the Federal Reserve putting its rate hike mission on ice later this year gather pace. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell 0.30% to 101.79 “When…
Euro climbs as ECB eyes rate hikes, dollar slides
By Sinéad Carew NEW YORK (Reuters) – The dollar index fell on Monday while the euro rallied after the European Central Bank indicated a move from negative interest rates, and riskier currencies gained ground along with equities. ECB President Christine Lagarde said in a blog post that the bank was likely to lift…
Dollar wobbles lower as China growth hopes lift Aussie
By Tom Westbrook SINGAPORE (Reuters) – The dollar began the week on the back foot, following its first weekly loss in nearly two months, as investors cut bets on further dollar gains from rising U.S. rates and turned hopeful that loosening lockdowns in China can help global growth. U.S stock market futures bounced…
Dollar drops as yen, Swiss franc draw safe-haven flows
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped across the board on Thursday, falling to a 2-week low, extending its pullback from a two-decade high, as most major currencies battered by the greenback’s advance this year drew buyers. With volatility on the rise in global financial markets, the dollar logged sharp…
U.S. considering move to block Russian debt payments -Treasury
By Steve Holland WASHINGTON (Reuters) -The United States is considering blocking Russia’s ability to pay its U.S. bondholders by allowing a key waiver to expire next week, a U.S. administration official said on Tuesday, which could put Moscow closer to the brink of default. Russia has so far managed to make its international…
Dollar knocked from 20-year high; yuan slide pauses
By Tom Westbrook SINGAPORE (Reuters) – The dollar fought for a footing on Tuesday and the tumbling Chinese yuan found a floor as investors trimmed bets on whether U.S. interest rate rises will drive further dollar gains. The greenback has edged from a two-decade high this week and was a touch softer across…
Dollar starts week on strong footing on firm safe-haven bid
By Alun John HONG KONG (Reuters) – The dollar started the week just off a 20-year high against peers on Monday, as investors sought safety due to fears about global growth while cryptocurrency markets appeared to find some stability after last week’s turmoil. The dollar index was at 104.54, having briefly crossed the…
Powell says Fed will fix inflation, calls price stability ‘bedrock’ of economy
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Calling stable prices the “bedrock” of the economy, Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank’s battle to control inflation would “include some pain” as the impact of higher interest rates is felt, but that the worse outcome would be for…
Dollar slips after CPI data as Fed expectations in check
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar was lower on Wednesday after economic data showed inflation remained high but was unlikely to lead the Federal Reserve to shift to a more aggressive path of monetary policy. The consumer price index rose 0.3% last month, the smallest gain since August, the Labor…
Dollar higher in choppy trade as inflation data eyed
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose on Tuesday, after fluctuating between modest gains and declines earlier in the session as it held near a two-decade high ahead of a key reading on inflation that could provide clues on the Federal Reserve’s monetary policy path. Equities were also choppy and…
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