LONDON—The U.S. dollar edged up on Friday but stayed near a three-month low and on track for a weekly loss as the prospect of the Federal Reserve slowing monetary policy tightening as soon as December preoccupied investors. The euro was set for weekly gains with the GfK institute survey bringing some relief, showing on Friday…
Dollar Holds Losses as Fed Minutes Signal Slower Rate Hikes
LONDON—The U.S. dollar held onto losses on Thursday after the minutes from the Federal Reserve’s November meeting supported the view that the central bank would downshift and raise rates in smaller steps from its December meeting. The eagerly awaited readout of the Nov. 1–2 meeting showed officials were largely satisfied they could now move in…
Dollar on Edge Ahead of Fed Minutes, Kiwi Gains
LONDON—The U.S. dollar held firm on Wednesday ahead of the release of closely-watched minutes from the Federal Reserve’s latest policy meeting, while the New Zealand dollar strengthened on the back of a record rate rise to curb rampant inflation. The U.S. dollar index, which measures the currency against a basket of six counterparts, was broadly…
Dollar Cedes Some Ground, Bitcoin Hunkers Down
SINGAPORE/LONDON—The dollar retreated on Tuesday after rallying the previous day when investors rushed to the safe-haven currency on worries about China’s COVID-19 flare-ups, while fears of fresh contagion from the collapse of crypto exchange FTX pressured bitcoin. The euro was up 0.3 percent at $1.0265 after an 0.8 percent loss on Monday, sterling rose 0.46…
Dollar Jumps as China COVID-19 Worries Spur Safe-Haven Buying
LONDON/SINGAPORE—The U.S. dollar rallied against major currencies on Monday, as rising COVID-19 cases in China led to new restrictions there and weighed on global investor sentiment. China is battling numerous coronavirus flare ups. Two deaths were reported in Beijing on Sunday, and the city’s most populous district urged residents to stay at home on Monday….
Dollar Heads for Weekly Gain as Fed Pushes Back on Pivot
LONDON—The dollar eased on Friday, but was still headed for its largest weekly gain in a month, after Federal Reserve officials reiterated their commitment to raising U.S. interest rates more than markets currently anticipate. It fell against the pound, which edged higher after a volatile session on Thursday following Britain’s budget for tax rises and…
Dollar Bounces as US Economy Sends Mixed Signals; Sterling Slips
LONDON/SINGAPORE—The dollar rose on Thursday as investors digested mixed U.S. economic data, while the British pound changed direction and slipped ahead of the government’s budget update. The greenback has tumbled in recent weeks as inflation data and comments from Federal Reserve officials have suggested that the central bank can soon slow the pace of its…
Dollar Gains Fizzle Out as Traders Reassess Risks From Poland
TOKYO/LONDON—The dollar on Wednesday traded just above multi-month lows against most majors as flows that had supported the safe-haven currency slowed after Joe Biden said a missile that caused an explosion in Poland may not have been fired from Russia. NATO-member Poland and Ukraine said on Tuesday the blast that killed two on the Polish…
Euro, Sterling, Swedish Crown Surge Amid Slew of Data, German ZEW
LONDON—The euro, sterling, and Swedish crown rose against the U.S. dollar on Tuesday as traders assessed a slew of economic data, including UK and eurozone job figures plus German economic sentiment. Sterling rose 0.6 percent to $1.1830, trading not far from a 2–1/2-month top at $1.1855 from Friday ahead of a tough government budget plan…
Dollar Edges Up as Fed’s Waller Cautions on Inflation
SINGAPORE/LONDON—The U.S. dollar steadied on Monday amid fading expectations of a less aggressive Federal Reserve interest rate hike after Governor Christopher Waller said the central bank was not softening its fight against inflation. A modest miss on U.S. inflation on Thursday put pressure on the dollar, which declined almost 4 percent in a week, marking…
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