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Dollar extends gains against yen with US economic strength in focus
The dollar strengthened against the yen, euro, and sterling amidst U.S. economic concerns and central bank actions. Bitcoin price rose to $65,105 amidst market fluctuations.
Dollar eases against euro as European political jitters subside
The dollar was modestly weaker against the euro on Monday, as the common currency recovered from the more than one-month lows hit last week driven by political turmoil in Europe.
Dollar down on profit taking but upbeat outlook remains
The dollar slipped against major currencies on Friday, but remains well-placed for further advances supported by strong U.S. economic data. Markets dial back expectations for interest rate cuts as U.S. business activity accelerates and input prices surge, prompting a debate among policymakers on inflation control.
Dollar firm as US rates and earnings take centre stage
The dollar ticked higher against the euro and yen in subdued trade after last week's volatility, with markets taking their lead from the Fed's higher-for-longer messaging and a firmer Wall Street ahead of results from megacap growth companies.
Dollar buoyed by strong economy, geopolitical tensions; yen weakest since 1990
The dollar briefly reached a five-month high against the euro on Tuesday and the yen fell to its lowest level since 1990 and came closer to the key 155 level, which traders are watching for possible intervention by Japanese authorities.
US dollar drifts lower ahead of inflation data; yen nears 1990 lows
The dollar slipped on Monday in thin trading as investors focused on U.S. inflation data later this week, while the yen slipped to near 34-year lows versus the greenback as traders remained alert for any potential action from Japanese authorities to support the weakening currency.
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Dollar gains on euro with Fed's Waller hawkish on rates
The dollar gained on the euro on Thursday after a U.S. Federal Reserve policy maker said he wasn't in a hurry to cut rates, while traders also prepared for key U.S. economic data due on Friday and squared positions for month- and quarter-end.
Dollar edges down vs euro as eventful week kicks off
The euro was up 0.12% to $1.0853, while the dollar index - which measures the currency against six major peers - was about flat at $103.83. The Japanese yen fluctuated around the closely watched 150-per-dollar level. The dollar was last up 0.24% at 150.485 yen.
Dollar gains before Fed, March rate cut seen less likely
The dollar gained on Monday as investors prepared for the prospect that the Federal Reserve could push back against expectations of an imminent rate cut when it concludes its two-day meeting on Wednesday.
Dollar edges lower, traders focus on data for Fed clues
The dollar dipped against the euro and yen on Monday as investors continued to digest last week's mixed U.S. economic data and looked ahead to a key inflation reading for fresh clues on when the Federal Reserve is likely to begin cutting interest rates.
Bruised dollar wobbles as traders eye US rate cuts next year
The dollar nursed steep losses on Thursday and was headed for a yearly decline after two years of strong gains as expectations of interest rate cuts from the Federal Reserve next year grip markets.
Dollar under pressure on rate cut wagers in thin holiday market
The dollar index, which measures the U.S. currency against six rivals, was at 101.54, just shy of the five month low of 101.42 it touched last week. The index is on course for a 1.9% drop in 2023 after two straight years of strong gains on the back of the Fed hiking rates to battle inflation.
Wall Street surges, oil slumps ahead of Fed meet
Oil prices dropped partly as fears eased about the Israel-Hamas war disrupting supply from the region, and U.S. Treasury yields rose before the Treasury Department's update on its expected financing need for the current quarter.
US dollar slides ahead of central bank meetings, key data this week
The U.S. dollar fell on Monday, dropping to a two-week low against the yen, as traders looked ahead to several major central bank meetings and a slew of major economic data releases this week.
Dollar extends gains after inflation data lift
Data on Wednesday had shown U.S. producer prices increased more than expected in September amid higher costs for energy products and food
US dollar eases after blowout jobs number
"This morning's data pushed expectations for the first rate cuts further into late 2024, but failed to convince market participants of another hike this year, meaning that short-term yields - which play a dominant role in driving foreign exchange moves - remained relatively stable," Karl Schamotta, chief market strategist at Corpay in Toronto, said.
Fragile yen slightly higher as intervention talk in focus; US dollar dips
The dollar did retrace some of its losses after U.S. factory orders gained 1.2% in August, compared with expectations of a 0.2% rise. That more than offset the moderate decline in a U.S. services sector index last month.
U.S. dollar tumbles after weak data; yen flat as BOJ impact fades
Data showed that U.S. retail sales fell more than expected in December, pulled down by declines in purchases of motor vehicles and a range of other goods. They fell 1.1% last month. Data for November was revised to show sales dropping 1.0% instead of 0.6% as previously reported.
S&P ends lower, dollar loses ground after Fed minutes
While the Fed has said it is willing to risk a recession in order to tame inflation "it's possible that as the recession risks increase they may lose their nerve a little bit," and slow their tightening, said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance in Charlotte, North Carolina.
Dollar's gains spell earnings pain for U.S. companies
A bigger than expected earnings decline could further complicate the picture for U.S. stocks. The S&P 500 is down about 21% this year, with few investors expecting the volatility to end until there are clear signs the Fed is getting the upper hand in its battle against inflation.
Crypto world stabilizes after rocky week shakes stablecoins
Bitcoin, the largest cryptocurrency by market value, last rose 4.85% to $29,925, rebounding from a December 2020-low of $25,400 which it hit on Thursday.
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