LONDON—The U.S. dollar resumed its backward slide on Monday as risk appetite across markets tentatively strengthened, supported by more encouraging economic data and bets that the Federal Reserve will tighten policy at a slower pace. The dollar index—which tracks the greenback against six major rivals—is on track for its first monthly drop in five, as…
Dollar Drifts Up but Set for Biggest Weekly Drop in 4 Months
LONDON—The dollar edged higher on Friday but was on track for its biggest weekly drop in nearly four months as traders lowered Federal Reserve rate hike expectations amid signs the U.S. central bank might slow or even pause its tightening cycle in the second half of the year. A broad-based decline in U.S. Treasury yields,…
Planning Is Key To Surviving An Uncertain Economy, Preppers Say
The recent plunge in equities value was like a shot across the financial bow for many stock market investors—a warning that darker economic storm clouds are gathering. Many investors now question whether to “buy the dip” or pull out of the market amidst the turbulence. But for the average American, staying financially afloat boils down…
There’s Recession, Not Inflation, in the Dollar’s Surge
Commentary Currency devaluation is inflation. How the drop in the currency’s value comes about is another question, though ultimately for consumers and businesses the answer to it might not matter. When that price declines, it simply means the relative value of goods and services available to be exchanged for it has gone up. Once money…
Inflation: The Calm Before the Storm
Commentary A massive inflationary storm is on its way in this country. It’s bad now, but it’s only going to worsen sooner than later. Why would this be? There are several factors, but the biggest factor is the war. Not the war in Ukraine, but rather the war against the dollar. There are many moving…
Here Comes Dollar, the Global Wrecking Ball
Commentary Last Friday, Japanese broadcaster TBS reported Japan’s Finance Minister Shunichi Suzuki had discussed intervention in foreign currency markets on behalf of a beleaguered yen with U.S. Treasury Secretary Janet Yellen. In recent weeks, the Asian currency has plummeted against the U.S. dollar, falling to lows not seen in two decades. According to mainstream media…
Dollar Rises Towards 20-year High, Euro Dips After Weak Data
LONDON—The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors preparing for a busy week of central bank meetings including a likely Federal Reserve interest rate hike. The euro also came under pressure after a survey showed that eurozone manufacturing output growth stalled last month…
Dollar Slips, Still Set for Best Month Since 2015
LONDON—The dollar edged down from its recent 20-year high on Friday but was still on track for its best month since 2015, having been boosted by a combination of expectations for U.S. rate hikes and growth concerns in China and Europe. In the final trading day of a seismic month for currency markets, major currency…
Gold Holds Near 10-week Low on Robust Dollar, US Rate Hike Bets
Gold prices hovered near their lowest level in two months on Thursday, as expectations of aggressive U.S. policy tightening boosted the dollar and added pressure on non-yielding bullion. Spot gold fell 0.1 percent to $1,885.06 per ounce by 1:04 p.m. GMT. It hit $1,871.81, its lowest since Feb. 17 earlier in the session. U.S. gold…
Dollar Hits Five-Year High, Growth Concerns Dent Euro
NEW YORK—The dollar hit a five-year high on Wednesday before the Federal Reserve next week is expected to hike rates, while the euro weakened on growth concerns after Russia cut off gas supplies to parts of the region. The dollar has gained on expectations that the U.S. central bank will be more hawkish than peers….
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