SINGAPORE—The dollar inched higher ahead of U.S. inflation data due later on Thursday, while cryptocurrencies remained under pressure after crypto exchange Binance scrapped plans to rescue its ailing rival FTX. The greenback surged on Wednesday against its peers but later pared some of those gains, with investors also digesting the U.S. midterm election results. The…
Dollar Stems Losses as Investors Await Midterm Results; Cryptos Jittery
SINGAPORE/HONG KONG—The dollar steadied near its weakest in two months against the euro on Wednesday as traders waited on results from U.S. elections and on inflation data this week that will guide expectations for the interest rate outlook. Cryptocurrencies were also top of mind for investors, as they stabilized after tumbling on Tuesday, when nerves…
Dollar Stems Losses as Investors Eye US Midterms
SINGAPORE/LONDON—The dollar steadied on Tuesday as traders looked ahead to U.S. midterm elections, and as excitement dimmed around China relaxing coronavirus restrictions, which had been boosting investor sentiment and weighing on the safe haven U.S. currency. A conclusive result to the midterms could take days, but forecasts are for a Republican victory, at least in…
Dollar Sinks, Sterling Jumps as Market Turns to Risk Assets
LONDON/SINGAPORE—The U.S. dollar sank on Monday against the euro and sterling supported by a risk on sentiment and a rally in the European stocks market. A survey showed on Monday that investor morale in the eurozone improved in November, the first time it rose in three months, reflecting hopes that recent warmer temperatures and falling…
Dollar Softens, Euro and Pound Regained Some Ground
SINGAPORE/LONDON—The euro and pound regained some ground on Friday but were still set for their biggest weekly losses since September. The euro was last up 0.52 percent at $0.9801, while sterling was up 0.4 percent at $1.1228, also having pared gains from the Asian session. Nonetheless, the European common currency was still set for a…
Dollar Rallies After Hawkish Fed; Pound Slides as BoE Warns of ‘Very Challenging’ Outlook
LONDON—The dollar strengthened on Thursday, after the Federal Reserve signalled U.S. interest rates will likely peak at a higher rate than markets had expected, while the pound fell after the Bank of England raised rates but warned of a “very challenging outlook.” The BoE lifted UK interest rates to 3 percent from 2.25 percent in…
Dollar Falls as Fed Decision Looms, Yen and Real Gain
LONDON/TOKYO—The dollar slipped on Wednesday as investors awaited a Federal Reserve policy decision amid speculation it might indicate a slowdown in future rate hikes. The central bank will release its policy statement at 2 p.m. EDT (1800 GMT), with investors widely expecting a 75 basis points (bps) rate hike, the fourth such increase in a…
Dollar Drops as Optimism Spreads Before Fed and BoE Decisions
TOKYO/LONDON—The U.S. dollar sank from a one-week high against a basket of major peers on Tuesday as the mood in financial markets brightened ahead of key Federal Reserve and Bank of England (BoE) meetings this week. The Fed is widely expected to raise its benchmark rate by 75 basis points (bps) on Wednesday, its fourth…
Dollar Climbs Ahead of Busy Week for Central Banks
SINGAPORE/LONDON—The dollar advanced on Monday, regaining some ground lost earlier in the month, at the start of a week packed with data releases and central bank rate setting meetings, including by the Bank of England and the Federal Reserve. The euro slid 0.5 percent to $0.9919, sterling lost 0.56 percent to $1.1549, and the dollar…
Euro Slips Below Parity, Yen Steady Ahead of BOJ
SINGAPORE—The euro held below parity on Friday as investors eyed a potential slowdown in future rate hikes by the European Central Bank, while the yen was on track for its best week in over two months ahead of a key central bank policy decision. The euro was last 0.05 percent lower at $0.9960, following a…
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