Category: Currencies

Dollar Falls to 10-Day Low as Rally Pauses; Riskier Currencies Rebound

October 14, 2021
Asia & PacificAustraliaBusiness & EconomyCurrenciesDollarEconomieseconomyEuropeFallInternationalMarketsRiskierUKUSUS NewsWorld
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LONDON—The dollar edged down against major peers on Thursday, reaching its lowest level in 10 days in a pullback from its recent rally, while the Australian and New Zealand dollars rose. Expectations that the U.S. Federal Reserve would tighten monetary policy more quickly than previously expected have helped the dollar rise since early September. But…

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Risk-Sensitive Currencies Perked up by Evergrande, Dollar Anchored Before Fed

September 22, 2021
Asia & PacificAustraliaBusiness & EconomyCanadaChinaChina Business & EconomyCompaniesCurrenciesDollarEconomieseconomyEuropeevergrandeFedInternationalMarketsriskUSWorld
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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…

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