Asia FX stalls, dollar steadies in anticipation of Powell speech By Investing.com
© Reuters. By Ambar Warrick Investing.com — A rally in Asian currencies stalled on Tuesday as markets awaited more cues on U.S. monetary policy from an address by Federal Reserve Chair Jerome Powell later in the day, while caution over a Chinese reopening grew amid rising COVID-19 cases in the country. Powell is expected to […]
Dollar has peaked but set for last hurrah as markets underpricing Fed tightening By Investing.com
© Reuters By Yasin Ebrahim Investing.com — The dollar has peaked, but could be set for a last hurrah in the coming months before resuming a steeper downtrend as the Federal Reserve’s higher for longer rate regime isn’t yet priced in, according to Goldman Sachs. The , which measures the greenback against a trade-weighted basket […]
Dollar slips lower; Fed interest rate path, China’s reopening in focus By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Monday, as traders reassessed the path of U.S. rate hikes in the wake of last week’s jobs report while risk appetite benefited from China reopening its borders. At 03:05 ET (08:05 GMT), the , which tracks the greenback against a […]
Asia FX rallies on China reopening, yuan at over 4-mth high By Investing.com
By Ambar Warrick Investing.com– Most Asian currencies shot up on Monday, with the Chinese yuan hitting a four-month high after the country reopened its international borders, while hopes of a less hawkish rhetoric from the Federal Reserve also weighed on the dollar and supported regional units. The jumped 0.7% to 6.7912 against the dollar, its strongest […]
Asia FX steadies as dollar rebound slows ahead of Fed minutes By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies rose slightly on Wednesday as a recovery in the dollar appeared to have run out of steam, with markets now awaiting fresh cues on U.S. monetary policy from the minutes of the Federal Reserve’s December meeting. Regional currencies came under pressure on Tuesday as sentiment was […]
Asia FX muted as markets weigh Fed minutes, Japanese yen rises By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies moved little on Thursday as markets weighed mixed signals on monetary policy from the minutes of the Federal Reserve’s December meeting, while the Japanese yen was supported by reports that the Bank of Japan plans to raise its inflation forecasts. The rose 0.4% to 132.13 against […]
Dollar eyes gains as jobs data could force rethink of game of chicken against fed By Investing.com
© Reuters. By Yasin Ebrahim Investing.com — The dollar swung higher Thursday, just a day ahead of Friday’s labor market report that some believe could force investors to rethink their game of chicken against the Federal Reserve and potentially thrust the greenback to glory. The , which measures the greenback against a trade-weighted basket of […]
Dollar higher; U.S. jobs report to show healthy labor market By Investing.com
By Peter Nurse Investing.com – The U.S. dollar rose in early European trade Friday, trading near a one-month high after healthy employment data pointed to a strong labor market ahead of the widely-watched official jobs report. At 02:55 ET (07:55 GMT), the , which tracks the greenback against a basket of six other currencies, rose […]
Chinese yuan hits 4-mth high on reopening cheer, U.S. payrolls awaited By Investing.com
© Reuters. By Ambar Warrick Investing.com — The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this month, while broader Asian currencies were flat as focus turned to key U.S. payrolls data for more cues on the economy. The was among the […]
Dollar edges higher after Fed minutes; weekly jobless claims to come By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar edged higher Thursday, gaining some support from the generally hawkish tone of the minutes of the Federal Reserve’s December meeting. At 03:15 ET (08:15 GMT), the , which tracks the greenback against a basket of six other currencies, rose 0.1% to 104.095. The of the […]