Category: Dollar
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Dollar gains on hawkish Fed; sterling weakens after BOE meeting By Investing.com
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Investing.com – The US dollar rose to new highs on Friday as the Federal Reserve appeared more hawkish than its European peers, while the British pound continued to decline. At 05:00 EDT (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up…
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Dollar edges higher, sterling slips ahead of BOE meeting By Investing.com
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Investing.com – The US dollar rose on Thursday, while the pound fell ahead of the Bank of England’s latest policy meeting. At 04:00 EST (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 105.122, approaching the one-month high hit…
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Sterling steady ahead of BoE decision; dollar wobbles against yen By Reuters
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By Ray Wee SINGAPORE (Reuters) – The pound was broadly flat on Thursday ahead of the Bank of England’s interest rate decision later in the day, while the dollar fell as new market catalysts awaited. Currencies were trading in tight ranges after a holiday in the United States, with investors…
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Stocks bask in Nvidia glow, dollar steady By Reuters
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Written by Amanda Cooper LONDON (Reuters) – Global stocks hit record highs on Wednesday, driven by a rally in technology stocks that made artificial intelligence chipmaker Nvidia (NASDAQ:) the most valuable company in the world, while the dollar stumbled as weak U.S. retail sales data showed that they may decline.…
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Dollar steady, sterling gains after UK inflation data By Investing.com
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Investing.com – The US dollar steadied on Wednesday after overnight losses, while the British pound rose after UK inflation returned to the Bank of England’s target for the first time in nearly three years. At 04:25 EDT (08:25 GMT), the dollar index, which tracks the US currency against a basket…
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Dollar struggles for direction, sterling rises after data By Reuters
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Written by Ray Wee and Stefano Ribaudo (Reuters) – The dollar stabilized on Wednesday, as weak US economic data affected strengthening US bets on lowering interest rates, but political tensions in Europe provided some support by weakening the euro. Meanwhile, the pound rose after data showed that services inflation in…
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Dollar edges higher ahead of retail sales, speeches by Fed officials By Investing.com
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Investing.com – The US dollar rose on Tuesday ahead of key retail sales data and speeches from Federal Reserve officials, as traders looked for clues to better gauge the timing and pace of interest rate cuts. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the greenback against a…
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Dollar edges up as traders await Fed rate cut clues By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The dollar rose on Tuesday as traders looked to the key U.S. retail sales report and comments from Federal Reserve officials to better gauge the timing and pace of interest rate cuts. The index, which measures the currency against the euro, pound, yen…
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Dollar stays strong, political uncertainty saps euro By Reuters
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Written by Brigid Riley and Amanda Cooper TOKYO/LONDON (Reuters) – The dollar steadied on Monday, while the euro traded near its lowest levels in more than a month, as political turmoil in Europe increased the level of uncertainty among traders, while investors awaited more data to gauge the euro’s strength.…
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Currencies consolidate as dollar steadies, euro hangs near one-month low By Reuters
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Written by Brigid Riley TOKYO (Reuters) – The dollar rose on Monday as the euro hovered near the lowest level in more than a month amid political turmoil in Europe, while investors awaited new signs of the strength of the U.S. economy. Investors are weighing the risk of a budget…
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New Zealand Dollar forecasts revised lower
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New Zealand Institute of Economic Research’s (NZIER) latest report on consensus forecasts. Full text here. For the Kiwi dollar: Their broader summary of the New Zealand economy, saying the latest NZIER consensus forecast: Another downward revision to growth forecasts for next year appears Average annual GDP growth forecasts for the…
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Dollar pares losses as Fed officials project only one rate cut this year By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar fell on Wednesday after data showed that consumer prices in May rose less than economists expected, but pared losses after an updated interest rate forecast by Federal Reserve officials showed an expectation of another rate cut. Only one this year.…
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Dollar just lower; euro set for sharp weekly loss on political turmoil By Investing.com
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Investing.com – The US dollar fell slightly on Friday, while the euro also fell, heading for a sharp weekly loss amid political turmoil in the region. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 105.125.…
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Dollar falls after CPI, Fed meeting; PPI release due By Investing.com
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Investing.com – The US dollar fell on Thursday, as traders weighed the competing factors of benign US inflation and a more hawkish Federal Reserve. At 04:25 ET (08:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3% at 104.340, after trading…
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Dollar gains on hawkish Fed, even as inflation cools By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar rose on Thursday despite the US producer price inflation report for May, after the Federal Reserve adopted a hawkish tone at the end of its meeting on Wednesday. Data on Thursday showed that US producer prices fell unexpectedly in May,…
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Moscow Exchange Pauses Dollar and Euro Trading Following Latest US Sanctions
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Canadian dollar underperforms as the Fed gets a greenlight to cut
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The Canadian dollar performed poorly today and the move was puzzling at first but on second look shows why it makes sense. Today the Canadian dollar rose by 0.5% which is a good gain but much less than the +1.2% for the Australian and New Zealand dollars. The performance of…
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Dollar slips lower ahead of Fed meeting, CPI data By Investing.com
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Investing.com – The US dollar fell on Wednesday, pulling back after hitting a four-week high overnight before the conclusion of the Federal Reserve’s latest policy meeting. At 04:10 ET (08:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.4% at 104.775,…
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Asia FX steadies, dollar flat as CPI, Fed meeting approach By Investing.com
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Investing.com — Most Asian currencies were marginally lower on Wednesday, while the dollar held steady as traders retreated in the face of a barrage of signals on US interest rates from the Federal Reserve and headline inflation data. Sentiment towards Asia was affected by fears of renewed trade tensions between…
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US investors are losing control of the dollar
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Investing.com – US investors are losing control of their currency, according to Bank of America Securities, with increased foreign demand the main driver. At 10:40 EST (14:40 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.1% at 105,000, but was still…