JOHANNESBURG/BENGALURU—Most emerging market currencies will continue to struggle against the mighty dollar over the coming year as the U.S. Federal Reserve finally delivers expected aggressive policy tightening, according to a Reuters poll of FX strategists. Central banks in emerging market economies have been bracing for this for months by hiking their benchmark interest rates. But…
No Peace for Emerging Market Currencies as Mighty US Dollar Reigns: Reuters Poll
April 9, 2022
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Dollar Riding High After Index Hits 100 for First Time in Nearly Two Years
LONDON—The U.S. dollar index strengthened to 100 for the first time in nearly two years on Friday, supported by the prospect of a more aggressive pace of Federal Reserve interest rate hikes. The greenback has gained ground on a basket of rivals over the past month, particularly against the euro, which has been pressured by…
Euro Feels Weight of French Election Concerns, More Russia Sanctions
April 5, 2022
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LONDON—The euro weakened on Tuesday with the Swiss franc and the Swedish crown the winners as French election worries and the chance of more sanctions against Russia unnerved investors. French financial markets acknowledged the possibility of right candidate Marine Le Pen beating President Emmanuel Macron in this month’s elections, with sharp losses on Paris blue…
Yen at 6-year Low Versus Dollar as BOJ Moves Against Rising Bond Yields
NEW YORK—The dollar surged to a six-year high versus the yen after the Bank of Japan moved to contain rising bond yields, while U.S. Treasury yields soared to new multiyear highs, highlighting the divergence in tightening cycles between the BOJ and other major central banks. Treasury 10-year yields vaulted above 2.5 percent to three-year highs,…
Dollar Climbs, Euro Weakens, as Biden Brings Sanctions Plan to Europe
March 23, 2022
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NEW YORK—The dollar climbed on Wednesday while the euro weakened as oil prices saw another jump with U.S. President Joe Biden poised to announce, alongside other European leaders, new sanctions against Russia during his trip to Europe. Biden is due to arrive in Brussels later on Wednesday on his first foreign trip since the war…
Possibility of 50 Basis Point Fed Hike Pushes Yen and Euro Down
March 22, 2022
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LONDON—The dollar rose on Tuesday as Federal Reserve Chair Jerome Powell put the possibility of 50 basis point rate hikes on the table, while the yen fell below the psychological 120 level as the Bank of Japan reiterated its support for ultra-loose monetary policy. The euro was also under pressure, sliding to an almost one-week…
Dollar Rebounds as Fed Officials Comment on Rates; Dollar at 6-years High Versus Yen
NEW YORK—The U.S. dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased. St. Louis Federal Reserve President James Bullard called for a dramatic increase in the…
Peace Talks Send Euro Higher, Overshadowing Expected Fed Rate Hike
LONDON—The euro jumped on Wednesday, set for its third consecutive day of gains, after Russian Foreign Minister Sergei Lavrov said peace talks with Ukraine were not easy but there was hope for compromise. In a busy day for markets, a stronger euro and Chinese yuan overshadowed the dollar index, which fell ahead of a Federal…
Euro Rises as Putin Sees ‘Certain Positive Shifts’ in Talks With Ukraine
March 11, 2022
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LONDON—The euro rose on Friday after Russian President Vladimir Putin said there had been some progress in Moscow’s talks with Ukraine. Even if Putin provided no details, the euro rose 0.4 percent to $1.1043 minutes after Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko that talks continued practically on daily basis. “There…
Rouble Slips Again, Swiss Franc Hits Seven-Year High
LONDON—The rouble fell further on Tuesday after partly recovering some ground, while the dollar edged higher and the Swiss franc hit a seven-year high, as investors sought out the safe-haven currency while waiting for developments in Ukraine. Financial markets have been rocked in recent days by Russia’s invasion of Ukraine, and the resulting Western sanctions…
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