Dollar gains versus euro as Israel-Palestinian conflict spurs safety bid
By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) -The safe-haven dollar rose on Monday against the euro as military clashes between Israel and the Palestinian Islamist group Hamas raised concerns that the conflict might widen beyond Gaza, but the dollar eased against other major currencies. Israel’s response to the multi-pronged attack by…
US dollar retreats after mixed batch of data; yen modestly firmer
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell on Wednesday, tracking the pullback in U.S. Treasury yields, amid a mixed set of data suggesting that there are pockets of weakness in the world’s largest economy, further diminishing the odds of another interest rate hike by the Federal Reserve before the end…
Yen surges against dollar, leads some to suspect intervention
By Chuck Mikolajczak, Saqib Iqbal Ahmed and Lucy Raitano NEW YORK/LONDON/TOKYO (Reuters) -The yen strengthened sharply against the dollar on Tuesday, leading some market participants to believe Japanese policymakers had intervened to support the currency, although others said the size of the move was not convincing enough. Traders have been on watch for…
Dollar climbs to near 150 vs yen after U.S. shutdown avoided
By Chuck Mikolajczak and Herbert Lash NEW YORK (Reuters) -The dollar index climbed on Monday, building on four straight weeks of gains, after the U.S. government avoided a shutdown and economic data again supported the view that the Federal Reserve will keep interest rates higher for a longer period of time. U.S. manufacturing…
Buoyant dollar pushes fragile yen to within striking distance of 150
By Rae Wee SINGAPORE (Reuters) – The dollar kicked off the last quarter of the year on the front foot on Monday as the prospect of higher-for-longer U.S. rates provided solid support, pushing the yen to an 11-month low. Currency moves were subdued in early Asia trade with parts of Australia out for…
Dollar off 10-month high, yen still under intervention watch
TOKYO, Sept 28 (Reuters) – The dollar held off a 10-month high on Friday as markets headed into the end of the quarter, giving the yen slightly more breathing room at the end of the week amid intervention concerns. The euro largely held its ground after rebounding overnight, but was still not far…
Dollar sticks near 10-month high, keeping heat on yen
By Brigid Riley TOKYO, Sept 28 (Reuters) – The dollar clung near a 10-month high against a basket of its peers on Thursday, keeping the yen under pressure near a key intervention zone as investors size up upbeat U.S. economic data and fresh comments from Federal Reserve officials. Federal Reserve Bank of Minneapolis…
Dollar at 10-month high, yen weakens amid intervention watch
By Karen Brettell NEW YORK (Reuters) – The dollar index hit a 10-month high on Tuesday while the Japanese yen came closer to the key 150 level, where Japanese officials are seen as potentially intervening to shore up the currency. Benchmark 10-year U.S. government bond yields have jumped to 16-year highs this month…
Asia FX dips, dollar steadies at 10-mth high on rate hike talk
Investing.com– Most Asian currencies fell slightly on Tuesday, while the dollar steadied at its highest levels for the year on growing bets that U.S. interest rates will rise further this year. The dollar index and dollar index futures rose slightly in Asian trade, as hawkish comments from Minneapolis Federal Reserve chief Neel Kashkari…
Dollar eases after Fed-spurred rise; yen stronger ahead of BOJ
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar eased against a basket of currencies on Thursday, but remained near a six-month high, a day after the Federal Reserve signaled U.S. monetary policy will remain restrictive for longer. The Japanese yen strengthened against the greenback before Friday’s Bank of Japan policy announcement,…
Recent Comments