LONDON—The dollar held near a weekly high on Wednesday after a surge in U.S. yields resulted in sharp gains this week against the euro amid growing bets the Federal Reserve will raise the interest rate. Sterling was flat against the dollar after data showed British inflation rose 5.4 percent in December, to its highest level…
Dollar Holds Near Weekly High, Sterling Takes Inflation Data in Stride
Dollar at Six-Day High After U.S. Yields Jump; Yen Steadies
LONDON—The dollar hit a six-day high in early trading on Tuesday following a jump in U.S. Treasury yields, while the yen steadied after the Bank of Japan saying it would stick to its ultra-loose monetary policy caused the currency to slip versus the dollar. The U.S. Federal Reserve meets next week. It is expected to…
Dollar Steadies as Traders Reassess Rate Hike Bets
LONDON—The dollar edged lower on Monday as traders took the view that Federal Reserve tightening moves were largely priced in, while the euro eased from Friday’s two-month high. An unexpected cut to key lending rates in China highlighted it as the outlier, with other major central banks in talks to raise rates. China’s move only…
Dollar Weakens for a 4th Day on US Rate View
LONDON—The U.S. dollar fell for a fourth consecutive day on Friday to its lowest in more than two months as investors took the view that most of the recent hawkishness from the U.S. central bank has already been priced in. On Friday, the greenback slipped 0.2 percent to 94.62 against a basket of currencies, its…
Dollar Extends Losses, Euro Rallies as Traders Reassess Rate Hike Bets
LONDON—The dollar fell further on Thursday to two-month lows after U.S. inflation proved weaker than feared in December, prompting investors to cut crowded long positions in the currency. The euro was a big beneficiary of the move and extended its rise to as high as $1.1479, up 0.3 percent on the day, while sterling and…
Dollar Off Lows as US Inflation Test Looms
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…
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