LONDON—The U.S. dollar eased on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell ahead of the February jobs report at the end of the week that will likely influence how much more the U.S. central bank will raise interest rates. The dollar index, which measures the performance of the U.S. currency against…
Dollar Eases Ahead of Powell’s Testimony and Pivotal Monthly Jobs Data
Dollar Heads for 1st Weekly Loss in 5, Crypto Falls
LONDON—The U.S. dollar eased from a 2–1/2-month high versus the yen on Friday and looked set for its first weekly loss against major peers since January as traders tried to gauge the path for Federal Reserve policy. The yen, which is particularly sensitive to U.S.–Japanese long-term interest rate differentials, looked set to halt its six-week…
Euro Falls Against the Dollar After Eurozone Inflation Data
LONDON—The euro fell against the dollar on Thursday after data showed inflation in the eurozone was not as high as investors had feared based on national readings in recent days. Eurozone inflation eased to 8.5 percent in February from 8.6 percent a month earlier on lower energy prices, but still came in above a predicted…
Dollar Slides, Yuan Gains on China PMI; Hot Inflation Lifts Euro
LONDON—The dollar slumped and China’s yuan gained on Wednesday after China’s manufacturing activity expanded at its fastest pace since April 2012, while the euro rose after regional German inflation data signaled price pressures remain high. The Australian and New Zealand dollars were also among the beneficiaries of the robust Chinese data, which smashed expectations with…
Dollar Heading for 1st Monthly Gain Since September
SINGAPORE/LONDON—The U.S. dollar steadied on Tuesday, having lost ground a day earlier, climbing particularly against the Japanese yen, and on track for its first monthly gain since September. The greenback’s rally gathered momentum in recent weeks as upbeat economic data led to mounting expectations that the U.S. Federal Reserve will have to raise interest rates…
Dollar Hovers Near 7-Week High as US Rate Expectations Rise
SINGAPORE/LONDON—The dollar wavered near a seven-week high on Monday, as investors took stock of last week’s strong economic data and rapid reconsideration of where interest rates will peak. Data on Friday showed U.S. consumer spending rebounded sharply in January, while inflation accelerated. Traders now expect the Fed to raise interest rates to around 5.4 percent…
Dollar Rises to Fresh 7-week High on Rate Outlook; Yen Slides
LONDON—The dollar index rose to seven-week highs on Friday, as investors prepared for U.S. interest rates to stay higher for longer after a set of strong U.S. economic data. The yen fell after a volatile Asian trading session, with incoming Bank of Japan Governor Kazuo Ueda saying it was appropriate to keep ultra-loose monetary policy….
Dollar Index Hits 7-week High on Higher-for-Longer US Rates
LONDON—The dollar index rose to its highest in nearly seven weeks on Thursday, a day after minutes from the Federal Reserve’s last policy meeting that supported, but did not add to markets’ view the central bank will raise rates further. The index, which tracks the greenback against six major peers touched 104.68, its highest since…
Dollar Builds on Gains as Economy Shines in February
LONDON/SINGAPORE—The dollar rose slightly on Wednesday, continuing to trade near six-week highs on the back of strong economic data. Survey data released on Tuesday showed U.S. business activity unexpectedly rebounded in February to reach its highest in eight months. In the eurozone, a survey-based gauge of activity also surged, hitting a nine-month high. The signs…
Euro Struggles, but Robust Services Data Stems Losses
LONDON—The euro stayed under pressure on Tuesday after data showed eurozone manufacturing activity deteriorated this month, although a rebound in the more inflation-sensitive services sector kept losses in check. The euro has been struggling against the dollar in particular over the past couple of weeks, after strong U.S. labor data and signs of persistent inflation…
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