Category: Dollar
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Dollar nears 7-month low ahead of Powell, Swedish crown falls after rate cut By Reuters
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By Ankur Banerjee and Stefano Ribaudo (Reuters) – The dollar hovered near a seven-month low on Tuesday amid bets the U.S. central bank will start cutting interest rates next month, with traders bracing for comments from Federal Reserve Chairman Jerome Powell on Friday. The dollar’s weakness has lifted the euro…
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Asia FX muted, dollar at 7-mth low with rate cuts in focus By Investing.com
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Most Asian currencies rose on Tuesday, while the dollar held at its lowest level in more than seven months amid growing conviction that the Federal Reserve will cut interest rates in September. The dollar’s weakness comes just days before Federal Reserve Chairman Jerome Powell speaks at the Jackson Hole symposium…
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Bearish dollar momentum building; sterling hits one-month high By Investing.com
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Investing.com – The U.S. dollar fell on Monday ahead of the release of minutes from the Federal Reserve’s July policy meeting and Fed Chairman Jerome Powell’s upcoming speech in Jackson Hole later this week. At 05:40 ET (09:40 GMT), the dollar index, which tracks the greenback against a basket of…
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Australian dollar battles to recoup late-July losses
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AUDUSD Daily The Australian dollar rose 50 pips today on its third day of gains. It is at its highest level since July 18, and at levels that would be the highest since January except for the June and July spikes. What is particularly impressive is that the Australian dollar…
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Dollar hits 7-month low, yen gains as traders wait on Jackson Hole By Reuters
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By Karen Brittl NEW YORK (Reuters) – The dollar fell to a seven-month low and the Japanese yen hit its highest in more than a week as traders awaited comments from Federal Reserve Chairman Jerome Powell this week that are likely to signal the U.S. central bank will start cutting…
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Yuan up as dollar wobbles ahead of Jackson Hole By Reuters
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SINGAPORE (Reuters) – China’s yuan was on track for its biggest gain in two weeks on Monday, benefiting from a broad sell-off in the dollar as investors bet on a U.S. interest rate cut, but it weakened against the strong yen. The Chinese currency rose to 7.1314 yuan per dollar…
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Dollar sluggish to start the new week
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The USD/JPY pair isn’t the only one moving so far today. The USD has also fallen against other major currencies, with EUR/USD also in particular focus. The pair is trading at 1.1040 after Friday’s gains and looks set to settle at its highest level since December last year. What’s unique…
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Australian dollar likely to struggle against USD: Citi By Investing.com
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Citi FX analysts provide insights into the performance of the Australian dollar against various currencies, and predict a challenging path for the Australian dollar. According to the brokerage, the recent sharp drop in the exchange rate points to a long-term ceiling that formed at just below 110 yen to the…
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ForexLive European FX news wrap: Dollar retreats alongside bond yields
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Headlines: Markets: Japanese Yen Advances, USD, CAD Lag on the Day European stocks rise; S&P 500 futures down 0.2% The yield on the 10-year US Treasury note fell 5.9 basis points to 3.867%. Gold rises 0.6% to $2,469.79 West Texas Intermediate crude fell 2.9% to $75.86. Bitcoin price rises 2.9%…
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Dollar hands back some gains; Jackson Hole looms large By Investing.com
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Investing.com – The U.S. dollar fell on Friday, giving up some of the previous session’s big gains after strong retail sales data eased concerns about an impending recession in the United States. At 05:15 ET (09:15 GMT), the dollar index, which tracks the greenback against a basket of six other…
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EURUSD Technical Analysis – The risk-on sentiment weighs on the US Dollar
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Basic Overview Yesterday, we saw strong data from the US, with unemployment claims and retail sales figures coming in much better than expected. The initial reaction was bullish for the US dollar, but after a while the market started to fade this move. The reason for this is that risk…
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Asia FX firms as rate cut bets pressure dollar; Japanese yen lags By Investing.com
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Most Asian currencies rose on Friday as continued bets on a U.S. interest rate cut put the dollar on track for a fourth straight week in the red, while the Japanese yen fell further amid improved risk sentiment. While the dollar rose from its lowest in nearly seven months on…
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Dollar firm after US data quells recession fears By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar held near a two-week high against the yen after posting its biggest daily gain in four weeks against its major peers as strong U.S. economic data eased recession fears. The dollar was particularly strong against the Japanese currency thanks to higher Treasury…
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JPMorgn adjusts its dollar forecasts, particularly through USD/JPY By Investing.com
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Investing.com – Foreign exchange markets have seen a lot of volatility over the past few weeks, leading JPMorgan to revise its dollar forecast. July and August will go down as some of the most memorable episodes of economic and political volatility in recent history, analysts at JPMorgan Chase said in…
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Dollar edges higher ahead of retail sales; sterling gains on GDP growth By Investing.com
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The US dollar rose slightly on Thursday, but remained close to seven-month lows after benign inflation data, while sterling rose after strong growth data. At 05:45 ET (09:45 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 102.452, just above…
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Asia FX muted, dollar near 7-mth low after soft CPI data By Investing.com
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Most Asian currencies remained in a tight range on Thursday after posting strong gains overnight after weaker-than-expected U.S. consumer inflation data put the dollar near a seven-month low. Positive economic readings from Japan, Australia and to some extent China also boosted sentiment towards regional markets. The dollar index hovered around…
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Dollar on back foot ahead of CPI; sterling slips By Investing.com
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Investing.com – The U.S. dollar was steady on Wednesday, after weakening overnight ahead of the July CPI release, while the British pound weakened after benign inflation data. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down at 102.277,…
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Dollar sags after benign US inflation data; kiwi skids on rate cut By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar remained lower on Wednesday after falling against its major peers overnight as a strong U.S. producer price reading bolstered bets the Federal Reserve will cut interest rates this year. The New Zealand dollar fell sharply from a four-week high after the Reserve…
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Asia FX gains as dollar dips ahead of CPI data; Kiwi battered by rate cut By Investing.com
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Most Asian currencies rose on Wednesday, while the dollar fell after a weak reading on U.S. producer inflation raised hopes that a similar easing in consumer inflation would lead to deeper interest rate cuts. The New Zealand dollar was an exception, posting sharp losses after the Reserve Bank of New…
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Daily FX Market Review: PPI Data Comes In Soft, Dollar Takes A Hard Dump! ?
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Today, in the United States, the Producer Price Index (PPI) was released and showed an increase of 0.1% In July, which was less than the expected rate of 0.2%. Excluding food and energy, the core PPI remained levelThe core producer price index showed a sharp decline on an annual basis…