LONDON—The U.S. dollar is set to break a two-day losing streak on Thursday, while the Japanese yen gained, after a Russian news report of mortar fire in eastern Ukraine jangled market nerves and boosted safe haven bets. While the greenback retreated from highs in Asia after the news broke, investors remained wary that Russia will…
Dollar Falls for Second Day as Investors Worry Less Over Ukraine
LONDON—The U.S. dollar fell for a second day on Wednesday as investors became less worried about the risk of Russia invading Ukraine and awaited the release of minutes from the U.S. Federal Reserve’s January meeting. European equity markets were mixed, having rallied on Tuesday after Russia said it would withdraw some troops from Ukraine’s border….
Euro Marches Higher on Russia Troops News; Yen Struggles
LONDON—The euro rebounded on Tuesday, nearly erasing all of Monday’s losses, while the dollar’s losses deepened after reports some Russian troops in areas near Ukraine have started returning to their bases. Against the greenback, the single currency climbed 0.4 percent to $1.1354, and within striking distance of Monday’s high of $1.1369, as European stock markets…
Dollar Hits Two-Week High on Tensions Over Ukraine
The dollar rose on Monday along with the yen and the Swiss franc as investors rushed into safe-haven assets amid fears that Russia is preparing to invade Ukraine. The move came a day after the United States said Russia could attack Ukraine at any time. Russia has denied having any such plans though a senior…
As Crypto Rises, Some Bemoan Its Carbon Footprint
February 11, 2022
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In the years since the still-anonymous ‘Satoshi Nakamoto’ created the first cryptocurrency, Bitcoin, crypto has proven to be polarizing. Proponents argue that cryptocurrencies offer a transparent alternative to fiat currencies like the dollar. Crypto transactions are permanently recorded on a decentralized ledger known as a blockchain, making them potentially resistant to censorship. For political dissidents,…
Rate Hike Bets Lend Bid to the Dollar
SINGAPORE—The dollar rose in Asia on Friday after hotter-than-expected U.S. inflation and hawkish comments from a Federal Reserve official unleashed a wave of bets on aggressive rate hikes, though similar pressures worldwide kept a lid on gains. Thursday data showed U.S. consumer prices up 7.5 percent year-on-year in January, a fourth straight month above 6…
Currency Hit to North American Companies in Third-Quarter Lowest Since 2018
NEW YORK—The negative impact of currency fluctuations on North American companies’ third-quarter 2021 results fell from the quarter before and was at the lowest level since the first quarter of 2018, data from treasury and financial management firm Kyriba showed on Wednesday. The collective exchange rate hit, including on companies in the United States, Canada…
Euro Pulls Back From 3-week Highs as Italian Real Yields Approach Zero
LONDON—The euro weakened on Tuesday after European Central Bank President Christine Lagarde tried to rein in interest rate hike expectations that lifted the currency to a three week-high last week. The ECB’s hawkish twist last week took markets by surprise and sent yields on peripheral eurozone debt surging as investors worried about the impact of…
Dollar to Stay Dominant, but Big Fed Push Needed to Climb Higher: Poll
BENGALURU—The U.S. dollar will reign supreme for at least another 3–6 months, a Reuters poll of strategists found, saying it will take a significant change in market expectations for Federal Reserve rate hikes to push it higher. Indeed, while the dollar was not expected to make any significant headway from current levels, it was forecast…
Euro Surges After Inflation Hits New Record High
LONDON—The euro rose for a third consecutive day on Wednesday, coming off a 20-month low last week, as eurozone inflation rose to a new record last month fuelling bets the European Central Bank might raise interest rates sooner than expected. At 5.1 percent in January, price growth is more than twice the ECB’s 2 percent…
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