Category: Forex

Euro Hits 10 Month-High on Dollar, as Central Banks Chart Divergent Courses

SINGAPORE/LONDON—The euro sat at a 10-month high against the dollar on Thursday, ahead of a European Central Bank meeting at which markets expect a half-percentage point rate increase, a day after the U.S. Federal Reserve slowed the pace of its rises to 25 basis points. The Fed also said it had turned a corner in…


Dollar Slips Ahead of Fed Rate Decision

LONDON—The dollar weakened slightly against the euro ahead of Wednesday’s eagerly awaited Federal Reserve policy decision, with investors hoping the U.S. central bank will signal an end to interest rate tightening cycle. The euro, meanwhile, was barely moved by data showing inflation in the bloc had eased for a third straight month in January. After…


Dollar Rises Ahead of Fed, but Set for 4th Monthly Drop

LONDON/SINGAPORE—The dollar ticked higher on Tuesday ahead of a raft of central bank decisions but remained on track for its fourth consecutive monthly loss. The Federal Reserve will set interest rates on Wednesday, followed by the European Central Bank (ECB) and Bank of England (BoE) on Thursday. Currencies struggled for direction overnight, with the euro…


Dollar Seesaws Ahead of Busy Central Bank Week, Euro Higher After Spain CPI

LONDON/SINGAPORE—The dollar languished near an eight-month low on Monday ahead of a slew of central bank meetings this week, while higher Spanish inflation data supported the euro ahead of euro area readings on Wednesday. The U.S. dollar index, which measures the currency against a basket of its peers including the euro, was flat at 101.88,…


Dollar Ticks Up Ahead of Central Bank Meetings Next Week

LONDON—The dollar edged up on Friday to pull away from multi-month lows against the euro and sterling, as investors began to train their sights on a slew of major central bank meetings next week. The U.S. Federal Reserve, European Central Bank, and Bank of England are all due to make rate decisions next week as…


Dollar Skulks at 8-Month Low, Central Bank Meetings in Focus

SINGAPORE/LONDON—The dollar fell to an eight-month low against its peers on Thursday, as a gloomy U.S. corporate earnings season stoked recession fears ahead of a slew of central bank meetings next week The euro squeezed its way to a new nine-month high of $1.09295 and was last just below that level, little changed on the…


Gold Slides as Dollar Steadies, Traders Eye US Data

Gold prices slipped on Wednesday from a nine-month peak hit in the previous session as the dollar steadied and investors squared positions ahead of U.S. fourth-quarter economic growth figures. Spot gold was down 0.6 percent to $1,925.02 per ounce at 1152 GMT, after hitting its highest since late April on Tuesday. U.S. gold futures dropped…


Dollar Stuck Near 9-month Low Versus Euro as Yen Bounces

LONDON—The dollar hovered near a nine-month low against the euro and surrendered recent gains against the yen on Tuesday, as traders weighed the risks of a U.S. recession against the outlook for Federal Reserve monetary policy. Eurozone data on Tuesday reinforced the view that the economy is surviving a winter of intense price pressures reasonably…


Euro Scales 9-month Peak as ECB Hawks Let Fly

LONDON—The euro hit a nine-month peak against the dollar on Monday as comments on European interest rates signaling additional jumbo rate rises contrasted with market pricing for a less aggressive Federal Reserve. The euro reached as high as $1.0927, breaking the recent peak of $1.08875, to trade at its highest level since April last year….


Dollar Edges Higher as Economic Storm Clouds Gather

LONDON—The dollar hovered around seven-month lows on Friday as a slew of data feeds concern among investors that an economic slowdown could be unavoidable, while a bout of profit-taking forced the yen to retreat. The dollar edged up 0.2 percent against a basket of other major currencies to 102.17, holding narrowly above Wednesday’s seven-month lows….