Category: Dollar
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Dollar steadies after sharp gains post Fed minutes; sterling retains strength By Investing.com
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Investing.com – The US dollar gave up some of the previous session’s gains on Thursday, but remained near a one-week high after minutes from the Federal Reserve’s latest meeting indicated US interest rates will remain high for some time. At 04:20 ET (08:20 GMT), the dollar index, which tracks the…
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Dollar hovers near one-week high on hawkish Fed minutes; kiwi firm By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The dollar hovered near a one-week high on Thursday after its best day this month against its major counterparts after minutes of the Federal Reserve’s latest meeting revealed some officials were prepared to raise interest rates. The New Zealand dollar continued to rise…
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Canadian dollar under pressure amid rate cut expectations By Investing.com
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Inavesting.com – The Canadian dollar has underperformed compared to other pro-cyclical currencies since the beginning of May, dragged down by its correlation to US economic data and interest rate expectations from the Federal Reserve. Market analysts expect a 25 basis point interest rate cut by the Bank of Canada in…
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Dollar steady; Fed speakers could provide impetus By Investing.com
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Investing.com – The US dollar traded in a narrow range on Tuesday, holding steady as traders looked for new clues about the expected timing and extent of federal interest rate cuts this year. At 04:30 EDT (08:30 GMT), the dollar index, which tracks the greenback against a basket of six…
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Dollar steady ahead of Fed minutes, sterling gains on CPI release By Investing.com
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Investing.com – The US dollar traded calmly on Wednesday ahead of the release of minutes from the Federal Reserve’s latest meeting, while the British pound rose as inflation fell less than expected in April. At 04:55 ET (08:55 GMT), the dollar index, which tracks the greenback against a basket of…
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Dollar keeps steadier on higher yields, cautious risk mood
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Bond yields rose after the UK CPI report was released earlier, helping to support the USD/JPY pair slightly. The pair rose by 0.2% to reach 156.47, as it continues to close at the highest level recorded last week at 156.78. This comes as 10-year Treasury yields rose by 2.9 basis…
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US dollar dips vs yen after Fed’s Waller rules out rate hikes again By Reuters
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By Gertrude Chavez-Dreyfus and Stefano Ribaudo NEW YORK/MILAN (Reuters) – The U.S. dollar fell against the yen on Tuesday in a volatile session after Federal Reserve Governor Christopher Waller reiterated that raising interest rates is unlikely at this stage because inflation appears to be on track to meet the central…
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BofA sees further dollar depreciation, expects G10 FX to stay in range By Investing.com
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Bank of America (BofA) analysts on Monday provided insights into the current state of the G10 foreign exchange (FX) markets, citing a general feeling of disappointment among investors over the lack of market volatility. Despite the recent reversal in the US Dollar (USD), the major currency pairs did not move…
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Dollar firm as investors await Fed guidance By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar rose against the euro on Monday, as investors awaited more clues to help them determine the course of U.S. interest rates, following cautious statements from Federal Reserve officials (the U.S. central bank) even as signs of a slowdown in…
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Narrow dollar range likely to remain for now
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Investing.com – The US dollar has been trading calmly against major currencies lately, and these tight ranges are likely to remain for a while longer, according to Goldman Sachs, with a wait for a divergence to take place. At 05:20 EDT (09:20 GMT), the dollar index, which tracks the US…
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Asia FX muted, dollar steady ahead of more Fed cues; yen stays fragile By Investing.com
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Investing.com — Most Asian currencies fell slightly on Monday, while the dollar held steady as traders awaited more signals on interest rates from the Federal Reserve this week. The Japanese yen remained fragile after reversing a large portion of its gains made as a result of potential currency market intervention…
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Dollar set for weekly drop on US slowdown signs By Reuters
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Written by Tom Westbrook SINGAPORE (Reuters) – The dollar headed for its biggest weekly decline against the euro in two-and-a-half months on Friday as signs of slowing inflation and a slowing U.S. economy raised the prospect of an interest rate cut. The euro rose 0.9% against the dollar this week,…
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Don’t give up on the US dollar yet – TD
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TD Securities outlines its strategic view on the US dollar’s path, recommending that the recent gains in the euro, pound, loonie and Swiss franc against the US dollar should fade due to the divergence in inflation and growth expectations between the US and G10 countries. the main points: Short-Term Outlook:…
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Asia FX weakens as dollar recovers amid waning rate cut cheer By Investing.com
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Investing.com — Most Asian currencies fell on Friday as the dollar regained some of recent losses after a series of Federal Reserve officials warned that bets on interest rate cuts may be premature. While the dollar is still on track to post some weekly losses, it was trading well above…
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Dollar decline pauses, markets eye April core PCE data By Investing.com
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The recent downtrend of the US dollar has halted, in line with the forecasts of financial institution ING. Analysts noted that US economic data did not provide enough momentum to push the dollar significantly lower at this time. This comes after unemployment claims fell to 222,000 from the previous week’s…
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Dollar steadies, but on track for sharp weekly loss By Investing.com
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Investing.com – The U.S. dollar rose in European trade on Friday, but was on track for a big weekly decline after slowing inflation and weak retail sales led to a renewed focus on Federal Reserve interest rate cuts. At 04:10 EDT (08:10 GMT), the dollar index, which tracks the greenback…
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Dollar selling “looks exaggerated” – HSBC By Investing.com
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Investing.com – The US dollar is on track for a big weekly decline amid renewed dovish hopes for the Federal Reserve, but this sell-off “appears overdone,” according to HSBC. At 05:25 EDT (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was trading…
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Dollar forecast to stabilize amid mixed economic signals By Investing.com
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Investing.com – The US dollar is expected to stabilize in the coming weeks after recent economic data showed mixed signals about the strength of the US economy. After a period of volatility, analysts at ING now expect a calmer trading environment with low volatility until more substantive data is released.…
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Yen climbs while dollar stabilises after US inflation ebbs By Reuters
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Written by Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The Japanese yen rose for a second straight day on Thursday after data on Wednesday showed U.S. inflation slowing, while the dollar found a footing against other currencies after a sharp decline the day before. Data on Wednesday showed that…
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Asia FX rises as CPI data dents dollar, puts rate cuts in focus By Investing.com
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Investing.com — Most Asian currencies rose on Thursday after some weak U.S. consumer inflation readings pushed the dollar to a one-month low and saw traders increase their bets on a September interest rate cut. But gains in some regional units were held back by a combination of weak economic data…