Commentary The strong dollar remains a risk to corporate profits and asset prices as the impact on the global economies grows. While many commentators argued the dollar would go bust due to the excessive debt levels in the United States, such has hardly been the case. In 2022, as the U.S. economy is the “cleanest…
The Strong Dollar Is a Risk to Corporate Profits
September 23, 2022
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Dollar Slides Further After US Inflation Surprise
LONDON—The dollar lost further ground versus other major currencies on Thursday, after traders reined in bets on an aggressive interest rate hike by the Federal Reserve after softer-than-expected U.S. inflation data the previous day. The dollar index remained on the back foot in European trading hours, slipping 0.2 percent to 105.000, after recording its biggest…
Dollar Turns Slightly Defensive, Inflation Data Next Key Test
LONDON—The dollar turned defensive against other major currencies on Tuesday, with traders reluctant to push the greenback higher without further signs that another aggressive interest rate hikes from the Federal Reserve was coming in September. U.S. inflation data on Wednesday was shaping up as the next key test for the dollar, which rose sharply after Friday’s…
Dollar Edges Higher Before Key US Jobs Report
LONDON—The U.S. dollar edged higher on Friday, attempting to recoup some losses after its sharpest daily drop in more than two weeks, as traders turned their attention to U.S. jobs data for further clues about the strength of the economy. The U.S. dollar index, which measures the greenback against a basket of currencies, was up…
Dollar Edges Down as Impact of Hawkish Fed Commentary Fades
LONDON—The dollar slipped against most major currencies on Thursday as the positive impact of hawkish Federal Reserve comments faded and investors waited for more signs on the data front to confirm that more large rate hikes to curb inflation were coming. The Bank of England was widely expected to raise interest rates by the most…
Yen Set for Biggest Run of Gains in More Than 2 Years
LONDON—The yen was on track for its biggest run of gains since the depths of the coronavirus crisis in March 2020, as rising U.S.–China tensions over Taiwan and deepening worries about a global economic slowdown boosted the appeal of safe-haven assets. Against the dollar, the Japanese currency was on track for a fifth consecutive session…
Dollar Sinks Below 132 Yen as Traders Boost Recession Bets
LONDON—The U.S. dollar declined to its lowest level in more than six weeks against the Japanese yen on Monday as investors ramped up bets that aggressive Federal Reserve monetary policy would tip the economy into a recession. With traditional market gauges of recession such as yield curve spreads pinned near their lowest levels this year,…
Dollar Creeps Lower as Large Fed Rate Hike Looms
July 27, 2022
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LONDON—The dollar edged further away from recent 20-year highs on Wednesday ahead of the U.S. Federal Reserve policy meeting, at which the central bank is expected to raise rates by another 75 basis points to tame soaring inflation. But moves in currency markets were modest as traders await the policy announcement at 1800 GMT. Money…
Euro Drops Against US Dollar Amid Renewed Safe-Haven Demand
LONDON—The euro fell to a two-week low against the U.S. dollar and remained close to a 2015 low versus the Swiss franc amid safe-haven demand on renewed worries about higher rates and a global recession. The Swedish crown trimmed early gains against the euro after briefly jumping on the country’s central bank decision to hike…
Dollar Stumbles as Markets Rethink Interest Rate Path
LONDON—The U.S. dollar slipped on Friday and was heading for its first weekly decline this month as traders dialed down bets on where interest rates may peak and brought forward their views on the timing of rate cuts to counter a possible recession. A significant factor this week has been the fall in oil and…
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