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

Stocks slip, bond yields bounce as oil fuels inflation angst

HONG KONG (Reuters) – From Europe to Asia, shares fell and government bond yields rose on Wednesday as oil prices hit their highest in seven years, fuelling concerns about rising inflation.FILE PHOTO: A man looks at stock market monitors in Taipei January 22, 2008. REUTERS/Nicky LohThe Euro STOXX 600 fell 1.8%, denting gains made in […]

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

IMF trims 2021 GDP forecast, citing 'vaccine divide,' inflation

WASHINGTON (Reuters) -The International Monetary Fund expects global economic growth in 2021 to fall slightly below its July forecast of 6%, IMF chief Kristalina Georgieva said on Tuesday, citing risks associated with debt, inflation and divergent economic trends in the wake of the COVID-19 pandemic.FILE PHOTO: International Monetary Fund logo is seen inside the headquarters […]

Business

Analysis: From chips to ships, shortages are making inflation stick

LONDON (Reuters) – Soaring gas prices, staff shortages, a lack of ships — price pressures globally may be picking up faster than anticipated, challenging the view that inflation will prove transitory.FILE PHOTO: A gas burner is pictured on a cooker in a private home in Bordeaux, soutwestern France, December 13, 2012. REUTERS/Regis DuvignauCentral bankers, while […]

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

Asian stocks steady as calm returns but jitters keep dollar firm

HONG KONG (Reuters) – Asian shares found some calm on Thursday following this week’s heavy China-driven losses although the dollar sat at a more than one-year high against major peers, upheld by lingering safe-haven demand and expectations for tighter U.S. monetary policy.FILE PHOTO: Passersby wearing protective masks are reflected on an electronic board displaying stock […]

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 […]