Category: Dollar

Dollar Rockets to 16-Month Highs After Hot US Inflation

LONDON—The dollar rose to 16-month highs against the euro and other currencies on Thursday, and the yen fell back towards multi-year lows, after the hottest U.S. inflation reading in a generation encouraged bets on interest rate hikes. U.S. consumer prices grew last month at their fastest annual pace since 1990, data showed, and traders think…


Dollar Climbs as US Inflation Rises Beyond Expectations

LONDON/NEW YORK—The dollar rose against major peers on Wednesday, snapping three days of weakness, after U.S. consumer prices surged at their highest rate since 1990 and fuelled fears inflation could prove stickier than Federal Reserve expectations. The consumer price index rose 0.9 percent last month after gaining 0.4 percent in September and in the 12…


Stocks Slide, Dollar Gains as US CPI Sparks Tightening Fears

NEW YORK/LONDON—A gauge of global stock markets edged lower and the dollar built on earlier gains on Wednesday after U.S. consumer inflation surged to its highest since 1990, raising concern the Federal Reserve will tighten monetary policy sooner than expected. Real yields on U.S. Treasuries slid to record lows and gold prices reversed course to…


Dollar Edges Lower as Fed Policy Decision Looms

NEW YORK/LONDON—The dollar eased versus its main rivals on Monday, after posting its biggest daily rise in more than four months in the previous session as hedge funds cut back bearish bets ahead of this week’s highly-anticipated U.S. Federal Reserve policy meeting. Monetary policy in the United States, Australia, and the United Kingdom is in…


Dollar Falls on Euro Strength After ECB Meeting as Rates Move

NEW YORK/LONDON—The euro rose sharply against the U.S. dollar on Thursday as foreign currency traders sorted through moves in the interest rate markets and comments by the European Central Bank President Christine Lagarde. The euro rose nearly 0.7 percent to at $1.168 at 1425 GMT. The dollar index of major currencies fell 0.6 percent to…


Dollar Dips as Traders Focus on Rate Hike Prospects Elsewhere

LONDON—The dollar fell on Monday back towards a one-month low as traders continued to focus on the prospect of interest rate hikes and tightening outside of the United States. Currency markets were broadly quiet at the start of the week with traders awaiting U.S. growth data and central bank meetings in the euro zone, Japan,…


Dow Posts Record Closing High, Stocks Gain for 3rd Week; Dollar Dips

NEW YORK—The Dow Jones industrial average registered a record closing high on Friday and major equity indexes posted a third straight week of gains while the U.S. dollar slipped. On the day, MSCI’s broadest gauge of global shares was flat, and the S&P 500 and Nasdaq ended lower. Stocks came under pressure after Federal Reserve…


Equities Eye Third Week of Gains After Tech Boost, Dollar Dips

LONDON—Global shares got a tech boost to help tee up a third straight week of gains on Friday, despite growing inflation concerns, while the dollar dipped and oil prices bounced off their lows. MSCI’s broadest gauge of global shares was up 0.1 percent, 1.4 percent higher on the week and just 0.8 percent off its…


Risk Currencies’ Rally Pauses, Yen Recovers, Turkish Lira Sinks

LONDON—Australian and New Zealand dollars slipped from highs hit overnight, and the dollar fell versus the yen on Thursday, in what analysts said was profit-taking following a strong rally. The U.S. dollar index was flat on the day at 1051 GMT, at 93.669. Versus the Japanese yen, the dollar was down 0.3 percent at 114….


Dollar Dips as Risk Sentiment Improves, Bitcoin Hits Record High

NEW YORK—The dollar dipped on Wednesday as risk sentiment improved and as investors focused on rising commodity prices and when global central banks are likely to begin hiking interest rates to fend off persistently high inflation. The greenback hit a one-year high against a basket of other currencies last week as market participants ramped up…