Category: Dollar
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Dollar edges off lows; sterling gains after strong retail sales By Investing.com
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The US dollar rose slightly on Friday, but remained under pressure after a major interest rate cut by the Federal Reserve, while the British pound rose strongly after healthy UK retail sales data. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six…
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Asia FX rises as rate cut dents dollar; yen firms as BOJ holds course By Investing.com
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Most Asian currencies rose on Friday, while the dollar suffered losses after the Federal Reserve cut interest rates by a wide margin and began an easing cycle. The Japanese yen was among the best performing currencies, rising after the Bank of Japan kept interest rates on hold and said it…
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Asia FX muted as dollar rises past bumper rate cut; yen down before BOJ By Investing.com
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Most Asian currencies moved in a flat-to-low range on Thursday as the dollar rose sharply after a large interest rate cut by the Federal Reserve was offset by less dovish signals on future interest rates. The Japanese yen was among the worst performing currencies on the day, falling amid pressure…
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Bullish bets steady on Asian currencies as Fed easing bets soften dollar, Reuters poll shows By Reuters
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Written by Sameer Manikkar Analysts remained bullish on most Asian currencies, although some pared bets slightly, as a defensive U.S. dollar driven by a dovish Federal Reserve boosted the appeal of risk-sensitive assets, a Reuters poll showed on Thursday. Long bets were highest on the Malaysian ringgit and the Thai…
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US easing cycle to weaken dollar, help euro to rise: UBS By Investing.com
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The U.S. Federal Reserve’s monetary easing cycle that began on Wednesday should weaken the U.S. dollar and thus help the euro rise, UBS strategists said in a note. The Federal Reserve began its easing cycle by cutting interest rates by 50 basis points at its September meeting, and is expected…
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Dollar bounces after Fed-inspired losses; sterling gains ahead of BoE By Investing.com
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The U.S. dollar rose slightly on Thursday, recovering from its lowest level in more than a year after the Federal Reserve announced a large interest rate cut, while sterling rose ahead of the Bank of England’s latest policy meeting. At 04:25 ET (08:25 GMT), the dollar index, which tracks the…
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Dollar claws back losses after Fed goes big on rate cut By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The U.S. dollar rose broadly on Thursday, reversing a brief slump following an overly aggressive interest rate cut by the Federal Reserve that was widely priced in by markets. The U.S. central bank on Wednesday began its monetary easing cycle with a larger-than-usual…
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Dollar cedes to yen ahead of Fed decision By Reuters
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By Tom Westbrook LONDON (Reuters) – The dollar gave up some overnight gains against the yen on Wednesday as investors adjusted positions at the last minute before a policy meeting expected to kick off the U.S. monetary easing cycle. The US Federal Reserve is expected to cut interest rates for…
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Asia FX firm, dollar drifts lower with Fed rate cut in sight By Investing.com
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Most Asian currencies rose on Wednesday, while the dollar fell as markets braced for a widely expected interest rate cut by the Federal Reserve later in the day. Public holidays in Hong Kong and South Korea limited overall trading volumes, while the Chinese yuan weakened as domestic trade resumed after…
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Asia FX firms, yen strong as dollar retreats on bets of bigger rate cut By Investing.com
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Asian currencies rose on Tuesday, with the Japanese yen nearing a 2024 high as the dollar retreated amid growing bets that the Federal Reserve will cut interest rates by a wide margin this week. Regional trading volumes were subdued due to holidays in markets in China and South Korea. Anticipation…
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Dollar slips further ahead of key Fed meeting By Investing.com
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Investing.com – The U.S. dollar fell on Tuesday, trading near its lowest levels this year, amid growing bets that the Federal Reserve will cut interest rates this week, and possibly by a large amount. At 04:40 ET (08:40 GMT), the dollar index, which tracks the greenback against a basket of…
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Will the dollar smile on a 25 bps cut, Morgan Stanley asks By Investing.com
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Investing.com – The U.S. dollar was hit hard by expectations that the Federal Reserve will start its rate-cutting cycle this week with a massive 50 basis point cut, but that raises the possibility of a rebound if a smaller cut occurs, according to Morgan Stanley. The US central bank begins…
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Dollar dragged by 50 bps Fed cut wagers By Reuters
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LONDON (Reuters) – The dollar traded near its lowest levels this year on Tuesday, on the eve of the expected start of U.S. monetary easing that markets are betting could start with a big interest rate cut. The euro was steady at around $1.1133 by 08:30 GMT, not far from…
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US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut By Reuters
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(This Sept. 13 story has been refiled to remove Mellon’s BNY name in paragraph 8.) By Gertrude Chavez-Dreyfus and Chibuike Oguh NEW YORK (Reuters) – The U.S. dollar fell to its lowest level in nearly nine months against the Japanese yen on Friday after media reports rekindled speculation that the…
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Dollar retreats ahead of Fed meeting; Euro, sterling rise By Investing.com
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Investing.com – The U.S. dollar fell on Monday, while the euro and the British pound rose, ahead of the expected start of the Federal Reserve’s interest rate cutting cycle later this week. At 04:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other…
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Dollar weakens, yen strengthens as bets firm on aggressive Fed rate cut By Reuters
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By Vidya Ranganathan and Samuel Indyk LONDON (Reuters) – The dollar fell and the yen hit its highest in more than a year on Monday as market participants grew more expectant of a large interest rate cut by the U.S. Federal Reserve later this week. The dollar fell to a…
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Asia FX muted, dollar edges lower as Fed, BOJ meetings loom By Investing.com
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Most Asian currencies were little changed in thin holiday trade on Monday, while the dollar fell as markets awaited a Federal Reserve meeting where the central bank is likely to cut interest rates. Regional trading volumes were thin due to holidays in markets in Japan, China and South Korea. But…
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Asia FX firms with yen near 8-mth high; dollar down on rate cut bets By Investing.com
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Asian currencies rose on Friday, while the dollar fell as markets bet the Federal Reserve will begin an easing cycle starting next week, with the focus squarely on the scope of a potential interest rate cut. The Japanese yen was the best performer among its Asian counterparts, approaching its strongest…
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Dollar looks to settle lower after some back and forth trading this week
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If the Fed wanted to get things in order, the market certainly wouldn’t let it. The odds of a 50bp rate cut had waned after the US CPI report earlier this week, but they resurfaced in trading yesterday. The odds have now risen back to around 45%. There was no…