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 […]

Business

Yen sinks, Aussie climbs as Evergrande contagion fears recede

TOKYO (Reuters) – The safe-haven yen sank to its lowest in nearly three months on Monday, while the risk-sensitive Australian dollar continued to recover from an almost one-month low, as fears of widespread contagion from China Evergrande Group receded.FILE PHOTO: A U.S. hundred dollar bill and Japanese 10,000 yen notes are seen in this photo […]

Business

Calmer world markets outweigh hawkish Fed, send dollar lower

LONDON (Reuters) – The dollar slipped on Thursday off one-month highs reached after the Federal Reserve set the stage for interest rate hikes next year and a pick-up in global market sentiment encouraged traders to foray out of the greenback.FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a […]

Business

Dollar choppy after Fed statement, Evergrande exhale lifts risk-sensitive currencies

(Updates with Fed policy statement)Slideshow ( 2 images )NEW YORK (Reuters) – The U.S. dollar was choppy on the heels of the latest policy announcement by the Federal Reserve on Wednesday, while risk-sensitive currencies such as the Australian dollar and Chinese yuan strengthened after China’s Evergrande said it would make a bond coupon payment. The […]

Business

Risk-sensitive currencies perked up by Evergrande, dollar anchored before Fed

LONDON (Reuters) – Risk-sensitive currencies such as the Australian dollar and Chinese yuan jumped and the safe-haven yen eased slightly on Wednesday after Chinese property giant Evergrande said it would make an upcoming yuan bond coupon payment, allaying immediate fears of a default.FILE PHOTO: An Australia dollar note is seen in this illustration photo June […]

Business

Evergrande jitters pull risk FX lower, dollar gains on safety bid

LONDON (Reuters) – The offshore Chinese yuan skidded to three-week lows on Monday, dragging down other risk and commodity currencies as worries about property developer Evergrande’s solvency spooked financial markets, while the safe-haven dollar roseFILE PHOTO: A U.S. dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File PhotoOnly on Friday, the […]

Business

Dollar index climbs after U.S. retail sales show surprise rebound

NEW YORK (Reuters) – The dollar rose and hit its highest level in nearly three weeks against a basket of currencies on Thursday after data showed U.S. retail sales unexpectedly increased in August, easing some concerns about a sharp slowdown in economic growth.Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan […]