LONDON—The dollar steadied above almost two-month lows against its major peers on Wednesday, ahead of data expected to show a fresh surge in U.S inflation that could seal the case for an early rise in interest rates. Federal Reserve Chair Jerome Powell on Tuesday gave no clear indication that the Fed was in a rush…
Dollar Ticks Up as Case for March Fed Hike Grows
LONDON—The dollar ticked up on Monday amid rising bets U.S. inflation will bolster the case for higher interest rates while the European Central Bank’s dovish stance on rising prices weighed on the euro. The dollar had met with selling late last week after a weaker-than-expected headline U.S. job-creation figure squeezed traders out of long dollar…
Dollar Retreats Modestly Before US Job Data
LONDON—The dollar retreated slightly on Friday but was still on course to gain over the week before the release of U.S. labor data that investors think could reinforce the case for early Federal Reserve interest rate hikes. The euro rose 0.13 percent to $1.1315 in morning trading in Europe but was down about 0.5 percent…
Dollar’s Rise Pauses Before Fed Minutes; Yen at 5-Year Lows
LONDON—The dollar held below two-week highs on Wednesday as traders awaited the release of minutes from the Federal Reserve’s December meeting, with growing expectations of a rate hike as early as March keeping the yen pinned near a five-year low. While the greenback’s nearly 3 percent rise in the past two months on the back…
Dollar Celebrates 2022 With Gains Amid Positive New Year Mood
LONDON—The dollar ticked up against its major rivals as an upbeat market mood on Monday lifted European equities and government bond yields for the first day of trading of 2022. But with London, Europe’s main FX trading center closed for a market holiday, volume was expected to remain limited. While the surge in coronavirus cases…
Dollar Ticks Up Against Rivals in Thin Holiday Trading
LONDON—The dollar rose against major rival currencies in holiday-thinned trading on Thursday, as investors remained cautiously optimistic about the economic consequences of a surge in cases of the Omicron coronavirus variant. Reuters data shows global COVID-19 infections hit a record high over the past seven days but, comforted by data suggesting the virus may turn…
Risk Appetite Sends Yen to One-Month Low, Euro Dips
LONDON—The euro fell in thin holiday trading on Wednesday and the dollar sent the yen to a one-month low, as investors looked past surging cases of Omicron in another bout of risk appetite. Risk-sensitive currencies such as the Australian dollar were higher as stocks motored upwards but the euro bucked the trend and weakened 0.2…
Dollar Rises on Fed Expectations, Omicron Worries Ease
NEW YORK—The dollar rose on Tuesday on expectations the Federal Reserve could raise interest rates as early as March to counter rising inflation, while a global rally in stock markets knocked the safe-haven Japanese yen to a one-month low. The dollar index, which measures the currency against six major rivals, was 0.217 percent higher at…
Bullish Investors Lift Risk-Sensitive Currencies as Omicron Fears Fade
LONDON—Bullish investors left the dollar near a one-week low and lifted riskier currencies such as the Australian dollar and British pound on Thursday, as fears about the fallout from Omicron were sidelined. The euro slipped by 0910 GMT but held above $1.13 while the dollar index, at 96.159, was unchanged on the day but near…
Dollar Recovers Some Overnight Losses; Euro Extends Gains
LONDON—The U.S. dollar recouped some overnight losses and the euro gained for a second day on Tuesday as risk sentiment recovered partially after a selloff in global markets. Major currencies held within well-worn trading ranges, however, as a surge in cases of the Omicron coronavirus variant forced countries to reimpose restrictions, raising concerns over the…
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