Category: Dollar
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Dollar close to 7-week high after strongest week since 2022 By Reuters
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Written by Stefano Ribaudo (Reuters) – The US dollar fell slightly from its highest level in seven weeks on Monday after a rally sparked by strong US jobs data released on Friday and escalating conflict in the Middle East. The dollar’s gains came on the heels of a US jobs…
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Dollar stable after payrolls gains; euro slips on weak data By Investing.com
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Investing.com – The US dollar steadied on Monday, holding on to gains made after Friday’s strong jobs report to start the week, which included the release of key inflation data as well as minutes from the Federal Reserve’s latest meeting. At 04:00 EST (08:00 GMT), the dollar index, which tracks…
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Asia FX weak, dollar strong amid bets on smaller US interest rate cut By Investing.com
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Investing.com — Most Asian currencies fell on Monday with the Japanese yen taking sharp losses, while the dollar stabilized from a recent rebound as strong jobs data sparked bets on smaller interest rate cuts. Regional trading volumes were affected by the holiday in China, and markets are scheduled to open…
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Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll By Reuters
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By Fergal Smith TORONTO (Reuters) – The Canadian dollar is expected to continue its recovery against its U.S. counterpart next year as lower borrowing costs support economic growth in Canada and investors’ appetite for risk increases, a Reuters poll showed. The Canadian currency has risen 3.3% since reaching a two-year…
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Dollar hits six-week high before payrolls report By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar rose to a six-week high on Thursday as data showed the U.S. economy remains strong ahead of Friday’s closely watched jobs report, while safe haven demand amid concerns about escalating tensions in the Middle East and the impact… Dockers’ strike…
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Strong jobs report propels dollar to best week since 2022 By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar jumped to a seven-week high on Friday and was on track to record its best week since September 2022 after a surprisingly strong September jobs report prompted traders to scale back their bets that the Federal Reserve would raise $50.…
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More dollar weakness likely, despite gains
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Investing.com – The US dollar has been in demand this week, with recent strength lost due to the weakness of the greenback. However, UBS warns against continuing to buy dollars in the future. At 08:05 EDT (12:05 GMT), the dollar index, which tracks the greenback against a basket of six…
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Dollar on track for hefty weekly gains ahead of payrolls By Investing.com
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Investing.com – The US dollar fell slightly on Friday, falling from a six-week high ahead of a key jobs report that could determine sentiment ahead of the Federal Reserve’s next meeting. At 04:25 ET (08:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Mixed U.S. Jobs Data Triggers Choppy U.S. Dollar Moves
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As markets hotly debate the Fed’s next policy moves, US labor market updates – which Fed members said they are closely following – are likely to increase volatility between major US dollar pairs. Thursday report from Challenger, Gray and Christmas reversed 72,821 planned job cuts in SeptemberThis is slightly lower…
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Dollar strengthens ahead of key payrolls release; Middle East turmoil helps By Investing.com
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Investing.com – The US dollar rose on Thursday, benefiting from strong employment data as well as uncertainty caused by unrest in the Middle East. At 04:30 EDT (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, rose 0.2% to 101.597, not far from…
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UBS wary of chasing dollar weakness ahead of payrolls By Investing.com
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Investing.com – Stock prices rose and stock markets suffered weakness in response to Iranian missile attacks on Israel, but gains in the US dollar were more weak, UBS said, suggesting a market that is not particularly concentrated in short dollar trades. At 05:20 ET (09:20 GMT), the dollar index, which…
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Dollar gains as ADP shows better than expected jobs gains By Reuters
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Written by Karen Brettell NEW YORK (Reuters) – The dollar hit a three-week high against the euro on Wednesday after the ADP national employment report showed that jobs in the U.S. private sector increased more than expected in September, ahead of jobs data expected on Friday. Traders are also closely…
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Dollar benefits from safe-haven status amid Middle East turmoil By Investing.com
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Investing.com – The US dollar rose on Wednesday, with the safe haven adding to sharp gains made in the previous session, as an Iranian missile attack on Israel escalated tensions in the volatile region. At 03:45 EST (07:45 GMT), the dollar index, which tracks the US currency against a basket…
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Dollar gains after Powell’s speech; euro slips ahead of CPI release By Investing.com
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Investing.com – The U.S. dollar rose on Tuesday as Federal Reserve Chairman Jerome Powell played down the possibility of another big interest rate cut, while the euro fell ahead of the latest euro zone inflation data. At 04:10 ET (08:10 GMT), the dollar index, which tracks the greenback against a…
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Dollar sturdy after Powell pushes back on aggressive easing bets By Reuters
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Written by Kevin Buckland and Brigid Riley TOKYO (Reuters) – The U.S. dollar rose against its major counterparts on Tuesday after Federal Reserve Chairman Jerome Powell backed off bets on further deep interest rate cuts. The yen stabilized near the middle of its range against the dollar over the past…
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Dollar stabilizes ahead of Powell speech, payrolls data By Investing.com
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Investing.com – The US dollar was steady on Monday, as traders awaited Federal Reserve Chairman Jerome Powell’s speech later in the session ahead of Friday’s key employment report. At 04:25 EST (08:25 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, fell marginally…
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Dollar slips as China rolls out stimulus By Reuters
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Written by Tom Westbrook SINGAPORE (Reuters) – The yen stabilized on Monday as Japan’s new prime minister signaled that monetary policy should remain accommodative, while commodity currencies rose to their highest levels this year on investor hopes for a turnaround in the Chinese economy. The Japanese yen jumped on Friday…
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When the dollar store closes, US families on food benefits lose a lifeline By Reuters
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Written by Jessica DiNapoli and Kylie Kang NASHVILLE (Reuters) – Almost every day, Latrina Begley, 37, of Nashville, or one of her six children, shops at the Family Dollar down the hill from their home, using federal food stamps to buy Hot Pockets or frozen pizza and pantry staples. Like…
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Senegal’s dollar bonds fall after audit reveals larger debt and deficit By Reuters
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Written by Duncan Miriri NAIROBI (Reuters) – Senegal’s dollar sovereign bonds fell on Friday after a government review revealed larger debt and deficit numbers than the previous administration announced, TradeWeb data showed. Recently elected President Basseru Diomai Faye, who ordered the audit, blamed the previous government for publishing false figures,…
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Dollar weakens after inflation data, Yen surges on Ishiba win By Reuters
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Written by Chuck Mikolajczak NEW YORK (Reuters) – The dollar fell on Friday after a U.S. inflation reading indicated continued easing of price pressures, while the yen rose against the greenback after Shigeru Ishiba, seen as an interest rate hawk, became Japan’s prime minister. Next. . The U.S. personal consumption…