LONDON—The dollar fell again on Tuesday, while risk-sensitive currencies such as the British pound gained and the Australian dollar recovered from an overnight drop. After falling nearly 5 percent in January, world equities started February slightly firmer and currency markets have also changed course. After hitting a 19-month high last week, the U.S. dollar index…
Dollar Consolidates Gains as US Yield Curve Continues to Flatten
LONDON—The U.S. dollar consolidated gains on Monday after hitting a 1–1/2 year high on Friday as the Treasury yield curve extended a three-week flattening streak following hawkish comments by a Federal Reserve official. With the Fed clearly signaling its intent to raise interest rates as early as March after its meeting last week, money markets…
Dollar Set for Biggest Weekly Rise in 7 Months on Rate Bets
LONDON—The dollar consolidated gains on Friday and was on track for its biggest weekly rise in seven months as bets of higher interest rates fuelled the U.S. unit’s gains versus rivals. With money markets pricing 32 bps of rate hikes in March and as many as 124 bps in cumulative increases before the end of…
Dollar Races Higher as Markets Brace for Larger, Faster Rate Hikes
LONDON—The dollar soared to its highest levels since July 2020 against other major currencies on Thursday, powered by bets the U.S. Federal Reserve could deliver faster and larger interest rate hikes in the months ahead. A day after the Fed flagged that it was ready to start lifting rates in March to contain inflation, money…
Dollar Breaks Higher and Shares Fall After Fed’s Powell Strikes Hawkish Tone
LONDON—Stocks fell on Thursday, U.S. two-year bond yields rocketed to 23-month highs and the dollar busted out of its recent range after the Federal Reserve stuck to plans for an interest rate rise in March and Chair Jerome Powell warned about inflation. The Euro STOXX fell 0.19 percent while Germany’s DAX lost 0.52 percent. Wall…
Dollar Consolidates Below 2–1/2 Week Highs Before Fed Decision
LONDON—The U.S. dollar held below its 2-1/2 week high on Wednesday as risk sentiment stabilized before a Federal Reserve meeting where policymakers are widely expected to signal readiness to start raising interest rates from March. Markets have been on a rollercoaster ride this week as the combination of a hawkish Fed and slowing growth have…
Dollar Rises on Ukraine Crisis as Investors Await Fed Meeting
The dollar rose to a two-week peak on Tuesday as tensions between Russia and the West over Ukraine drew investors to safe-haven currencies while awaiting the outcome of this week’s U.S. Federal Reserve policy meeting. Russia said it was watching with great concern after the United States put 8,500 troops on alert to deploy to…
Ukraine Tensions Lift Dollar, Yuan Holds Firm
LONDON—The dollar rose to a two-week high on Monday against a basket of currencies, lifted by the tension between Russia and the West over Ukraine and the possibility of a more hawkish stance from the Federal Reserve this week. Markets were until recently not fretting about the massing of Russian troops on Ukraine’s borders, but…
Dollar Holds Its Ground as Selloff Drags Down Aussie, Bitcoin
LONDON—The dollar was on track for its best week in a month against major rivals on Friday, as the world’s reserve currency held its ground amid a selloff of riskier assets across markets. Investor sentiment has soured in recent days due to weaker economic data, rampant inflation and concerns over the pace of U.S. Federal…
Dollar Dips as Treasury Yields Stall, Commodity Currencies Rally
LONDON—The dollar dipped on Thursday as this week’s rally in U.S. Treasury yields paused, while the Canadian and Australian dollars gained on the back of rising commodity prices and optimism about economic growth. The euro and sterling rose after suffering their worst days in a month on Tuesday when the dollar was lifted by a…
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