Dollar droops as optimism on economic outlook saps demand for haven assets
By Kevin Buckland TOKYO (Reuters) – The safe-haven dollar languished near an almost one-week low against its major peers on Thursday as investors adopted a more optimistic stance about the global economic outlook, despite the rapid spread of the Omicron coronavirus variant. The dollar index, which measures the currency against six rivals, stood…
Dollar out of favour as Omicron leaves currency markets unseasonably volatile
By Alun John HONG KONG (Reuters) – The dollar edged down again in early Asia on Wednesday, starting a third successive session under pressure as investors favoured riskier currencies and asset classes. The New Zealand dollar rose 0.8% on Tuesday, its best day since October, recovering from near a year low to last…
Dollar on back foot as Treasury yields soften, Omicron keeps markets on edge
By Alun John HONG KONG (Reuters) – The dollar hovered below recent highs on Tuesday having lost ground overnight after a blow to Democratic spending plans in Washington, but worries about the Omicron coronavirus variant kept risk currencies in check. The dollar index, which measures the currency against six major peers, was last…
Week Ahead
By Joana Ferreira, Stock markets in the US and Germany will be closed on December 24th, while in the UK and Canada, trading ends early on Christmas Eve. Investors in the US will turn their attention to the personal income report, with forecasts suggesting income continued to rise at a steady pace in…
Dollar on back foot after hawkish tilts by BoE, ECB
By Kevin Buckland TOKYO (Reuters) – The U.S. dollar remained under pressure on Friday, a day after the Bank of England and European Central Bank adopted more hawkish stances than markets had expected, giving a boost to sterling and the euro. The dollar index, which measures the currency against six major peers including…
Fed Sees 3 Hikes, Will the ECB Lady Taper?
By Kathy Lien The Federal Reserve took a big step in their battle with inflation today when they announced plans to taper asset purchases by $60 billion a month. In November they were cutting purchases by $15 billion a month and in December they raised that amount to $30 billion. They also raised…
3 Ways to Trade Fed Rate Decision
By Kathy Lien, Currencies and equities have been consolidating ahead of Wednesday’s Federal Reserve monetary policy announcement. It is the most important event risk of the week and the most likely catalyst for breakouts. With that said, U.S. retail sales will be released before FOMC and the outcome will affect positioning before the…
FX – Top 10+ Events to Watch this Week
By Kathy Lien, Buckle your seatbelts and brace for some big moves in the markets this week. Everything from equities, currencies to Treasuries and crypto have been itching for breakouts. With five major central bank rate decisions, US retail sales, PMIs from Europe, job reports from the U.K. and Australia along with major…
FX – Trading Cautiously Ahead of US CPI
By Kathy Lien The U.S. dollar traded higher against all of the major currencies on Thursday with the exception of the Japanese Yen. The Federal Reserve meets next week and faster removal of policy accommodation is widely anticipated. Today’s jobless claims report confirms that the labor market is blazing hot. The number of…
Dollar stays soft with Omicron and Fed top of mind
By Alun John HONG KONG (Reuters) – This week’s rally in risk-friendly assets and currencies like the Australian dollar petered out on Thursday, but the U.S. dollar struggled to regain its lost ground as investors waited for a key Federal Reserve policy meeting due next week. The Aussie dollar was steady at $0.7171…
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