WASHINGTON/LONDON—Equities around the globe traded little changed on Thursday as oil prices fell and the U.S. dollar dipped against most major currencies although it has had its best year since 2015 with a 6.7 percent rise. With several markets in Asia and Europe closed on Friday, trading volumes were thin and most markets directionless. The…
Global Stocks Close Near Record Highs Ahead of New Year, Dollar, and Oil Dip
Dollar Ticks Up Against Rivals in Thin Holiday Trading
LONDON—The dollar rose against major rival currencies in holiday-thinned trading on Thursday, as investors remained cautiously optimistic about the economic consequences of a surge in cases of the Omicron coronavirus variant. Reuters data shows global COVID-19 infections hit a record high over the past seven days but, comforted by data suggesting the virus may turn…
Dollar Rises on Fed Expectations, Omicron Worries Ease
NEW YORK—The dollar rose on Tuesday on expectations the Federal Reserve could raise interest rates as early as March to counter rising inflation, while a global rally in stock markets knocked the safe-haven Japanese yen to a one-month low. The dollar index, which measures the currency against six major rivals, was 0.217 percent higher at…
Fading Omicron Concerns Set Up Shares for Weekly Gain, Dent Dollar
MILAN/HONG KONG—Stock markets in Europe and Asia cemented gains in light holiday trade on Friday, while the safe-haven dollar eased on signs the Omicron variant would not significantly derail global economic growth. The greenback was set for its worst week in four months while other risk-friendly assets from bitcoin to the Australian dollar held onto…
Dollar Recovers Some Overnight Losses; Euro Extends Gains
LONDON—The U.S. dollar recouped some overnight losses and the euro gained for a second day on Tuesday as risk sentiment recovered partially after a selloff in global markets. Major currencies held within well-worn trading ranges, however, as a surge in cases of the Omicron coronavirus variant forced countries to reimpose restrictions, raising concerns over the…
Dollar Pressured, Asia Shares Slip as Global Inflation, Omicron Fears Sap Confidence
HONG KONG—Asian stock markets and the U.S. dollar struggled for traction on Friday after a rush of central bank meetings underlined the growing threat posed by a spike in global inflation, while fears about the Omicron variant of COVID-19 added to a cautious mood. The dollar index was trading at 95.999, off nearly 1 percent…
Dollar Loses Ground After US Inflation Data
December 10, 2021
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The dollar lost some ground on Friday after U.S. consumer prices increased roughly in line with expectations in November as investors, who had been bracing for much higher inflation, bet that the actual number would not change the pace of interest rate hikes. Labor Department data showed an increasing consumer price index (CPI) as cost…
Euro Slips, Dollar Rises With Central Banks in Focus; Yuan Drops
December 9, 2021
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London—The euro, pound, and dollar stabilised on Thursday as China’s yuan fell from a 3–1/2-year high and was set for its biggest drop in more than four months. With the U.S. Federal Reserve, European Central Bank, and Bank of England among those meeting to discuss monetary policy next week, investors will be keenly watching for forward…
US Dollar Net Longs Jump to Highest Since Mid-June 2019: CFTC
December 4, 2021
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NEW YORK—Speculators’ net long positioning on the U.S. dollar in the latest week soared to its highest level since mid-June 2019, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $23.99 billion for the week ended Nov. 30, up from…
Euro Dollar Volatility Surges on Omicron, Bets on Fed
December 1, 2021
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London—The dollar edged up on Wednesday as euro-dollar volatility hit the highest level of the year in response to worries about the Omicron variant, while the dollar found support in renewed expectations for interest rates hikes. The dollar index rose 0.03 percent to 95.997 at 0920 GMT, after it registered its strongest month since June,…
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