LONDON—The dollar hit a fresh one-month low on Tuesday as the euro extended gains while a broad selloff in stock markets failed to boost the U.S. currency’s safe haven appeal. Against a basket of its rivals, the dollar fell 0.3 percent to 101.79, its lowest level since April 26. The euro, which was the stand-out…
Dollar Rises Towards 20-year High, Euro Dips After Weak Data
LONDON—The dollar rose back towards a 20-year high on Monday as the euro struggled around the $1.05 mark, with investors preparing for a busy week of central bank meetings including a likely Federal Reserve interest rate hike. The euro also came under pressure after a survey showed that eurozone manufacturing output growth stalled last month…
Dollar Hits Five-Year High, Growth Concerns Dent Euro
NEW YORK—The dollar hit a five-year high on Wednesday before the Federal Reserve next week is expected to hike rates, while the euro weakened on growth concerns after Russia cut off gas supplies to parts of the region. The dollar has gained on expectations that the U.S. central bank will be more hawkish than peers….
Dollar Roars to Two-Year High on Growth Fears and Rate Bets
LONDON—The dollar roared to a two-year high on Tuesday and the euro hit its weakest since March 2020 as concerns about the economic impact of China’s COVID-19 lockdowns and rising expectations for a big U.S. interest rate hike next week boosted the greenback. With markets facing many risks, including central banks’ tightening policy, just as…
Euro Boosted by ECB Rate Hike Bets, Macron’s Debate
LONDON—A series of hawkish comments amplified bets that the European Central Bank would soon hike interest rates, lifting the euro to a one-week high on Thursday amid expectations French President Emmanuel Macron would win his reelection bid on Sunday. Joachim Nagel, president of Germany’s Bundesbank, joined fellow policymakers in saying the ECB could raise interest…
Yen to Snap Record Losing Streak on Intervention Worries; Euro Jumps
LONDON—The Japanese yen briefly fell to a fresh two-decade low on Wednesday after the Bank of Japan stepped into the market again to defend its ultra-low interest-rate policy, drawing a sharp contrast with the United States where bond yields hit new highs. But the Japanese unit bounced in London trading as increased nervousness around verbal…
Dollar Climbs to Fresh 20-year High on Yen, Tests 2-year Peak on Euro
LONDON—The dollar rose on Tuesday to a fresh 20-year high against the Japanese yen and tested a two-year peak against the euro, supported by high U.S. Treasury yields. Ten-year U.S. inflation-linked bond yields are within touching distance of turning positive for the first time in two years. The dollar index, which measures the greenback against…
Japan’s Yen Bounces Briefly After Kuroda Comments
SINGAPORE—The yen won a brief reprieve after hitting fresh two-decade lows from Japanese policymaker comments on Monday, even as holidays confined the U.S. dollar to narrow ranges against most other currencies. The yen fell to a two-decade low of 126.795 in early Asian trading, before both Bank of Japan Governor Haruhiko Kuroda and Finance Minister…
Euro Turns Negative as ECB Confirms Plans to End Bonds Buys
April 14, 2022
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LONDON—The euro fell on Thursday after the European Central Bank kept its policy stance broadly unchanged, sticking to plans to slowly unwind stimulus. The euro turned negative, falling 0.1 percent to $1.08820 as of 1210 GMT after the ECB confirmed its plans to cut bond purchases, commonly known as quantitative easing, this quarter, then end…
Euro Gains Respite From Macron’s French Election Lead
LONDON—The euro looked set to snap a seven-day losing streak versus the dollar on Monday, as the single currency rallied after French leader Emmanuel Macron beat right challenger Marine Le Pen in the country’s first round of presidential voting. Investor concerns about the future direction of the eurozone’s second-biggest economy have weighed on the euro…
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