Category: Dollar
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Dollar hits four-week high before Wednesday’s inflation report By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar hit a four-week high on Tuesday ahead of an upcoming inflation report that is likely to influence the timing of the Federal Reserve’s first interest rate cut, while the euro came under pressure due to political uncertainty. In the region.…
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How the US is daring the world to find a dollar alternative By Reuters
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Written by Paritosh Bansal (Reuters) – The United States is working to reduce the pillars that support the dollar as the world’s reserve currency, and the latest blows came from some powerful Americans who question the rule of law after the conviction of Donald Trump. In doing so, it is…
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USD continues its run to the upside. Dollar at new highs vs EUR, GBP, JPY, CHF AUD & NZD
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The US dollar continues to rise in an uptrend, with the US dollar making new highs against all major currency pairs except the Canadian dollar. Euro against the US dollar. EURUSD is testing the 38.2% retracement level of the upward move from the May 1 low. This level comes at…
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Dollar surge unlikely to mark end of recent weakness ahead of Fed decision: MUFG By Investing.com
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Investing.com — It jumped on Friday to a weekly win, as a strong jobs report cooled bets on a Fed rate cut in September, but that is unlikely to mark a major reversal in the dollar’s bumpy ride lower unless it signals… The Fed points out that it is not.…
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Dollar flat ahead of key payrolls report; euro steady after ECB cut By Investing.com
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Investing.com – The US dollar traded largely unchanged in early European trade on Friday, as traders awaited the release of key US employment data, while the euro stabilized after a historic interest rate cut by the European Central Bank. At 05:00 EST (09:00 GMT), the dollar index, which tracks the…
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Asia FX muted, dollar nurses weekly losses with nonfarm payrolls in focus By Investing.com
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Investing.com — Most Asian currencies moved little on Friday in anticipation of key U.S. jobs data due later in the day, although rising expectations for interest rate cuts had the dollar heading toward a weekly loss. Sentiment towards risk-driven assets improved this week following interest rate cuts from . But…
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Dollar steadies, euro edges higher ahead of key ECB meeting By Investing.com
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Investing.com – The US dollar was steady in early European trade on Thursday, while the euro rose ahead of the European Central Bank’s latest policy-setting meeting. At 04:00 EST (09:00 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose slightly to 104.265.…
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Dollar Tree’s future just became more complicated with Family Dollar news (DLTR)
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dollar tree (Nasdaq: DTR) faces a more complex future in a still uncertain consumer environment, especially now that the decision to explore Family Dollar options has demonstrated management’s lack of confidence in the struggling business. Paul Lejuez of Citigroup downgraded his rating On the dollar tree (DLTR) to neutral from…
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Asia FX advances as rate cut bets put dollar near 2-mth low By Investing.com
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Investing.com — Most Asian currencies rose on Thursday, tracking dollar weakness as soft employment data continued to flow, raising bets that the Federal Reserve will start cutting interest rates in the coming months. The US currency hovered just above its lowest level in two months, and remained weak as expectations…
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Canadian dollar outlook dims on expected interest rate divergence By Reuters
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By Fergal Smith TORONTO (Reuters) – A Reuters poll showed that the Canadian dollar is set to rise less than previously expected over the next year if the Bank of Canada begins cutting interest rates before the Federal Reserve (US central bank) and the US election raises uncertainty. Concerning global…
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Dollar edges up ahead of key data, Bank of Canada policy meeting By Reuters
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Written by Stefano Ribaudo (Reuters) – The dollar rose ahead of key U.S. economic data on Wednesday, with investors also awaiting a monetary policy meeting in Canada that could trigger a cycle of interest rate cuts. Investors are awaiting US services data on Wednesday, and more jobs numbers later in…
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Dollar bounces off tow-month lows; ECB seen cutting rates this week By Investing.com
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Investing.com – The US dollar rose in early European trade on Wednesday, rebounding from two-month lows before more clues on future monetary policy emerged. At 03:40 EDT (08:40 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.2% to 104.265, after falling…
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Asia FX weakens as dollar recoups some losses, Indian rupee tests record lows By Investing.com
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Investing.com — Most Asian currencies fell slightly on Wednesday as the dollar recovered from two-month lows, while the Indian rupee tested record lows after 2024 general election results showed the ruling Bharatiya Janata Party did not sweep as expected. Broader risk appetite improved somewhat, as weak US data fueled bets…
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US dollar rebounds from multi-month lows, yen rallies By Reuters
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By Gertrude Chavez-Dreyfus and Harry Robertson NEW YORK/LONDON (Reuters) – The U.S. dollar rose on Tuesday after falling overnight to its lowest levels against the euro, sterling and Swiss franc since mid-March, as investors consolidated gains in other currencies ahead of a key nonfarm payrolls report later this week. .…
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Dollar stabilizes ahead of key employment data; euro slips back By Investing.com
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Investing.com – The US dollar rose in early European trade on Tuesday, rebounding after sharp losses overnight, while the euro fell after weak German employment data. At 04:45 EDT (08:45 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose 0.1% to 104.165,…
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Commodity Roundup: Crude oil down 2%, gold subdued as dollar firms (Commodity:CL1:COM)
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to imagine Gold prices (XAUUSD:CUR) fell on Tuesday as the US dollar held firm, with focus turning to jobs data, while oil extended its declines after hitting a four-month low, as investors continue to weigh OPEC+ production decision. Bullion rose on Monday The data also showed that manufacturing activity in…
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Asia FX rangebound, dollar at 2-mth low amid rate cut watch By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Tuesday, while the dollar hovered near two-month lows, as weak economic readings fueled expectations of an eventual interest rate cut by the Federal Reserve. But traders remain wary of risk-driven Asian markets, with key US employment data, due this week, set to…
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Dollar stands tall as traders mull Fed outlook; focus on ECB By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar stabilized on Monday, as investors accepted the idea that US inflation may have slowed enough to prompt the Federal Reserve to cut interest rates in 2024, while the euro remained calm ahead of an expected cut from the European Central Bank.…
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Asia FX steady as dollar drops amid rate cut speculation; Indian rupee surges By Investing.com
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Investing.com — Asian currencies were mostly flat on Monday, reversing some recent losses against the dollar after embedded inflation data raised expectations for interest rate cuts and sparked sharp declines in the US currency. The Indian rupee was a standout performer among its peers, rising sharply after exit polls for…
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Dollar set for first monthly drop after US inflation readout By Reuters
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Written by Hannah Lange NEW YORK (Reuters) – The dollar fell on Friday and was headed for its first monthly decline in 2024 after data showed U.S. inflation rose in line with expectations in April, which did not clarify much about the extent to which the U.S. Federal Reserve could…