Business

Dollar dips but shows biggest weekly gain in almost 3 months

LONDON/NEW YORK (Reuters) – The U.S. dollar lost a little ground on Friday as high inflation wreaked havoc on consumer sentiment, but the greenback was on track for its biggest weekly gain in almost three months after a surprisingly strong U.S. inflation print on Wednesday prompted investors to advance their bets for a U.S rate […]

Business

Dollar dips but on track for third consecutive weekly gain

LONDON/NEW YORK (Reuters) – The U.S. dollar lost some ground on Friday as high inflation wreaked havoc on consumer sentiment, but the greenback was on track for its third straight weekly gain after a surprisingly strong U.S. inflation print shocked markets on Wednesday, prompting investors to advance their bets for a U.S rate hike.FILE PHOTO: […]

Business

Dollar set for biggest weekly rise in 5 months as yields rise

LONDON (Reuters) – The U.S. dollar edged higher on Friday and is on track for its biggest weekly rise in five months since a surprisingly strong U.S. inflation print shocked markets and prompted investors to advance their bets on a U.S rate hike to as early as mid-2022.FILE PHOTO: Four thousand U.S. dollars are counted […]

Business

Investors buy post-Fed dollar dip, BoE sinks sterling

LONDON (Reuters) – The dollar rebounded on Thursday, recovering after the Federal Reserve repeated it saw high inflation as transitory, while sterling dropped after the Bank of England unexpectedly kept interest rates on hold.FILE PHOTO: Dollar, Euro and Pound banknotes are seen in this picture illustration taken April 28, 2017. REUTERS/Dado Ruvic/IllustrationThe Fed announced on […]

Business

Dollar catches footing as inflation pressures rates outlook

SINGAPORE (Reuters) – The dollar steadied on Monday after its steepest weekly loss in more than a month, as traders weigh the effect of inflation on the relative pace of looming rate hikes – with a wary eye on U.S. growth data and a European Central Bank meeting.FILE PHOTO: An employee of the Korea Exchange […]

Business

Dollar holds firm as inflation tugs yields higher

SINGAPORE (Reuters) – The U.S. dollar found a footing on Monday as soft economic data in China and climbing oil prices jangled investors’ nerves that inflation will drive interest rates higher.FILE PHOTO: U.S. dollar banknote is seen in this picture illustration taken May 3, 2018. REUTERS/Dado Ruvic/File PhotoIn the Asia session the greenback climbed a […]

Business

Dollar pulls back from one-year high after inflation data

NEW YORK (Reuters) -The dollar eased back from a one-year high on Wednesday as longer-dated Treasury yields fell after U.S. inflation data that showed prices rose solidly in September, advancing expectations for Federal Reserve tightening.FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao/File PhotoThe consumer […]

Business

Dollar nears 3-year high against yen as markets retain bets on Fed taper

TOKYO/HONG KONG (Reuters) – The dollar rose to its highest in nearly three years versus the yen on Monday as investors remained confident the U.S. Federal Reserve will announce a tapering of its massive bond-buying next month despite softer U.S. payrolls figures.FILE PHOTO: A U.S. dollar banknote is seen in this illustration taken May 26, […]

Business

Dollar edges up as energy surge drives inflation worries

LONDON (Reuters) – The dollar rose on Wednesday amid nervousness that surging energy prices could spur inflation and interest rate hikes, and as traders awaited U.S. jobs data for clues on the timing of Federal Reserve policy tightening.FILE PHOTO: U.S. dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration/File […]

Business

Dollar hits 1-year high as Fed tightening in focus, iron ore prices boost Aussie

LONDON (Reuters) – The dollar hit a fresh one-year high against a basket of peers on Thursday on the growing view that the Federal Reserve will taper its monetary stimulus from November, while a bounce in iron ore prices boosted the commodity-linked Australian dollar.FILE PHOTO: U.S. dollar banknotes are seen in this photo illustration taken […]