Category: Dollar
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Asia FX gains some ground as dollar inches lower ahead of CPI data By Investing.com
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Investing.com — Most Asian currencies rose slightly on Wednesday, retracing some of their gains against the weaker dollar, as markets awaited more signals on interest rates from key US inflation data due later in the day. Traders also became more confident that the Federal Reserve will not raise interest rates…
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Dollar drops to one-month low vs euro before key CPI test By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The dollar fell to a one-month low against the euro on Wednesday amid falling Treasury yields as traders braced for a key U.S. inflation report later in the day that could determine the course of Federal Reserve policy. However, the yen remained hovering…
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Dollar not receiving usually seasonal boost in May
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Investing.com – The US dollar usually has a good month in May, according to UBS analysis, but this year appears to be different. “May has been a historically positive month for the dollar: our seasonal indicator suggests that US dollar supply typically rises in late April and peaks around mid-May,…
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Dollar steady ahead of inflation data; sterling slips after job numbers By Investing.com
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Investing.com – The US dollar was flat on Tuesday, largely flat ahead of key inflation data likely to weigh on interest rate expectations. At 03:30 EST (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 105.250, in range-bound trading. Dollar…
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Asia FX muted as dollar steadies ahead of inflation data; yen fragile By Investing.com
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Investing.com — Most Asian currencies moved slightly on Tuesday, tracking a flat dollar, as traders remained largely focused on upcoming US inflation readings that are likely to weigh on interest rate expectations. The Japanese yen was also a point of focus, as continued weakness in the currency put traders on…
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Dollar steady as US inflation data takes spotlight By Reuters
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Written by Brigid Riley TOKYO (Reuters) – The dollar firmed against its major counterparts on Monday as market participants looked ahead to U.S. inflation data to assess the prospects of an interest rate cut this year. Following a weaker-than-expected US jobs report for April and a dovish-sounding Federal Reserve policy…
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Oil extends fall on signs of weak fuel demand, strong dollar By Reuters
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Written by Florence Tan SINGAPORE (Reuters) – Oil prices continued to decline on Monday amid signs of weak demand for fuel and at a time when statements by Federal Reserve officials (the US central bank) weakened hopes for lowering interest rates, which could lead to slowing growth and reducing demand.…
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Asia FX edges lower, dollar steadies with inflation on tap By Investing.com
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Investing.com — Most Asian currencies moved in a flat to lower range on Monday, while the dollar stabilized from recent volatility as focus turned squarely to upcoming US inflation data for further signals on interest rates. Moderate Chinese inflation data weighed on the yuan, while also sparking slight weakness in…
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Dollar up slightly after consumer sentiment data, CPI eyed By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose on Friday after a reading on U.S. consumer sentiment as investors sorted through a batch of comments from Federal Reserve officials, with focus beginning to shift toward key inflation readings next week. The dollar pared its declines and turned…
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Dollar calm at end of week; sterling gains on growth data By Investing.com
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Investing.com – The US dollar steadied on Friday after losing ground in the previous session on weak jobs data, while the British pound rose in the wake of stronger-than-expected growth numbers. At 04:10 ET (08:10 GMT), the dollar index, which tracks the US currency against a basket of six other…
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Dollar edges higher, helped by hawkish Fed speakers ; Sterling slips ahead of BOE By Investing.com
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Investing.com – The US dollar rose on Thursday, trading in a narrow range ahead of important US inflation data next week, while the pound fell ahead of the Bank of England’s policy meeting. At 04:35 EDT (08:35 GMT), the dollar index, which tracks the greenback against a basket of six…
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Dollar firm as US CPI data looms; hawkish BOJ policymakers pause yen slide By Reuters
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Written by Brigid Riley TOKYO (Reuters) – The dollar was mostly steady on Thursday as traders kept their nerve ahead of next week’s U.S. inflation data and what it could portend for Federal Reserve (US central bank) policy, while hawkish views from members of the Bank of Japan helped the…
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Dollar pushes higher; Fed speakers in focus By Investing.com
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Investing.com – The US dollar rose on Wednesday, rebounding from recent weakness as several Federal Reserve officials spoke out. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, was up 0.2% at 105.500, pulling away from a nearly one-month…
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Dollar gains ground; subdued yen prompts Japan warning By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar remained steady on Wednesday, offsetting some losses resulting from renewed bets on a cut in interest rates by the Federal Reserve (US central bank) this year, while the yen fell for a third day, raising investors’ concerns about the risk of…
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Asia FX weakens, dollar firms as markets rethink rate cuts By Investing.com
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Investing.com — Most Asian currencies fell on Wednesday, while the dollar rose on comments from Federal Reserve officials that made markets rethink their expectations for a U.S. interest rate cut. The Japanese yen’s performance remained weak among its peers, falling against the dollar even as government officials continued their warnings…
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Dollar steadies after payrolls-linked fall; yen falls again By Investing.com
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Investing.com – The US dollar rose in early European trade on Tuesday, trying to bounce back from sharp losses at the end of last week, while the Japanese yen fell despite further threats of intervention. At 04:35 EDT (08:35 GMT), the dollar index, which tracks the US currency against a…
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Commodity Roundup: Gold eases as steady dollar dampens appeal, oil prices mixed
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Bright stars Precious metals fell on Tuesday, with gold trading around $2,315.12 an ounce, as a stable US dollar made bullion less expensive for foreign buyers, while investors awaited more clues on when the Federal Reserve will deliver its first interest rate cut. After the US central bank signaled last…