Dollar’s comeback beginning to look ‘appealing’ as U.S. stocks enter rally mode By Investing.com
© Reuters By Yasin Ebrahim Investing.com — The dollar has faced hammer blow after hammer blow in its attempts to hold ground against rivals, but the greenback is finally starting to look ‘appealing’ as U.S. equities pick up steam against their European rivals. The , which measures the greenback against a trade-weighted basket of six major […]
Dollar rises as market takes 4Q GDP in its stride By Investing.com
© Reuters. By Geoffrey Smith Investing.com — The dollar edged higher in early trade in Europe on Friday, but was still on course to end the week lower as the market consolidated around expectations of a smaller increase in interest rates from next week’s Federal Reserve meeting. The release of slightly stronger than expected fourth […]
Asia FX muted as PCE data looms, yen boosted by inflation By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies kept to a tight range on Friday in anticipation of the Federal Reserve’s preferred inflation gauge, while the Japanese yen rose as higher-than-expected Tokyo inflation readings fed into expectations for more hawkish moves by the Bank of Japan. The rose 0.2% against the dollar and […]
Dollar flat as market waits for U.S. GDP figures By Investing.com
© Reuters. By Geoffrey Smith Investing.com — The dollar was little changed in early trade in Europe on Thursday, with the market apparently content to wait for U.S. GDP figures before taking new positions. By 02:55 ET (07:55 GMT), the , which tracks the greenback against a basket of six advanced economy currencies, was essentially […]
Australian dollar rallies on red-hot inflation, Asia FX muted By Investing.com
© Reuters. By Ambar Warrick Investing.com — The Australian dollar rallied to a five-month high on Wednesday after fourth-quarter consumer inflation read higher than expected, while most Asian currencies moved little as fears of a global recession offset optimism over a potential economic recovery in China. The jumped nearly 1% to 0.7115 against the dollar, […]
Dollar flat as Aussie surges; Sterling edges lower on PPI; Ifo eyed By Investing.com
© Reuters. By Geoffrey Smith Investing.com — The dollar was little changed in early trading in Europe on Wednesday, with the market apparently settling in to wait for the release of U.S. fourth quarter figures on Thursday. By 03:05 ET (08:05 GMT), the that tracks the greenback against a basket of six developed market currencies […]
Dollar stays under pressure as sterling, yen rate expectations build By Investing.com
By Geoffrey Smith Investing.com — The dollar tested a new nine-month low in early trade in Europe on Tuesday as economic data from Japan and the U.K. strengthened the case for more interest rate hikes there. By 02:55 ET (07:55 GMT), the , which tracks the greenback against a basket of advanced economy currencies, was […]
Dollar lower as market eyes slower Fed rate hikes By Investing.com
© Reuters. By Geoffrey Smith Investing.com — The dollar started the week testing a fresh nine-month low as market participants bet on the trimming the size of its interest rate hikes for a second straight meeting in February. Fed officials are entering the ‘quiet period’ before their policy meeting on February 1st, but a report in […]
Asia FX rises in holiday trade as China recovery bets grow By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies strengthened in thin trade on Monday, while the dollar weakened further amid growing bets that the Chinese economy will bounce back this year, with focus also turning to key U.S. data due this week. Regional trading volumes were limited with most markets closed for the […]
Dollar remains unloved; sterling drops on weak retail sales By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Friday, remaining around seven-month lows amid concerns of a U.S. economic slowdown, while sterling retreated after weak retail sales data. At 03:15 ET (08:15 GMT), the , which tracks the greenback against a basket of six other currencies, edged […]