The dollar has risen to its strongest levels of the year against rival currencies, in spite of growing concern that the Federal Reserve will start to withdraw policy support and as Republicans continue to block Democrat efforts to raise the debt limit, threatening to plunge the government into a shutdown. The dollar index—which measures the U.S. dollar…
Dollar Rises to Strongest Levels in 2021 Despite Growing Concern Over Government Shutdown
Risk FX Rallies, Safe Havens Offered as Evergrande Fears Ebb
September 27, 2021
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LONDON—The risk-sensitive Australian dollar rallied and the safe-haven yen dipped to a nearly three-month low on Monday, as fears of widespread market contagion from indebted China Evergrande Group receded. Rising commodity prices also helped the Aussie and Norway’s crown, while the yen was pressured as higher U.S. yields attracted Japanese investor money. The euro traded…
Dollar Hovers Above One-Week Low as Evergrande Questions Persist
September 24, 2021
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LONDON—The dollar hovered above a one-week low versus major peers on Friday, taking a breather after its biggest drop in almost a month overnight, as questions lingered about the fate of property developer China Evergrande Group. The yen fell to its weakest since mid-August as Treasury yields pushed to the highest since the start of…
Risk-Sensitive Currencies Perked up by Evergrande, Dollar Anchored Before Fed
September 22, 2021
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LONDON—Risk-sensitive currencies such as the Australian dollar and Chinese yuan jumped and the safe-haven yen eased slightly on Wednesday after Chinese property giant Evergrande said it would make an upcoming yuan bond coupon payment, allaying immediate fears of a default. Some of the excitement fizzled, however, after traders realised it was still not known whether…
Evergrande Jitters Pull Risk FX Lower, Dollar Gains on Safety Bid
September 20, 2021
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LONDON—The offshore Chinese yuan skidded to three-week lows on Monday, dragging down other risk and commodity currencies as worries about property developer Evergrande’s solvency spooked financial markets, while the safe-haven dollar rose Only on Friday, the yuan hit its highest level in three months at 6.4297 per dollar. The sharp slump in the currency on…
Market Pulse: Dollar Firms as Inflation Data Comes Into Focus
The dollar started the week on a firm footing, with investors looking toward a flurry of economic data releases this week, including the key U.S. consumer inflation number that will factor into the Fed’s decision on tapering of stimulus. The DXY dollar index, which measures the currency against six major rivals, rose 0.20 points to 92.78,…
Market Pulse: Global Stocks Fall, Wall Street Futures Down, Dollar Lifts
September 8, 2021
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World stocks fell from the previous session’s record highs, European stocks dropped, and Wall Street futures were down on Wednesday on caution over the pace of economic recovery, while the dollar hit one-week highs as investors pared down their exposure to riskier assets. MSCI’s all-country world equity index fell 0.34 percent after seven consecutive days…
Market Pulse: European Stocks Edge Down, Wall Street Futures Flat, Dollar Steady Near One-Month Low
European stocks edged down, Wall Street futures remained largely flat, and the dollar hovered near a one-month low on the morning of Sept. 7. In Europe, the STOXX index of 600 European companies edged down 1.48 points, or 0.31 percent as of 6:30 a.m. New York time on Sept. 7, after recording its second-highest close in history…
Dollar Hits 4-Month High Against Euro as Jobs Data Triggers Fed Tapering Bets
The dollar climbed against major currency pairs on Monday, briefly hitting a four-month high versus the euro, as investors encouraged by last week’s strong jobs report brought forward bets for an earlier tapering of Federal Reserve stimulus. The greenback strengthened as much as $1.1742 against the euro, extending a 0.6 percent pop from Friday, when the…
Concerns Surround IMF Plan to Flood World With Liquidity
July 13, 2021
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News Analysis A controversial plan to boost global liquidity means the days of the U.S. dollar being the undisputed king of the international monetary system may be coming to a close, experts told The Epoch Times. Losing that status could contribute to a serious crisis for the United States involving a dramatic loss of economic…
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