Tag: Forex

Dollar Edges Lower From 6-Week Peak, Eyes on Fed

LONDON—The dollar edged lower on Monday but remained close to Friday’s six-week high, as a recent flurry of positive economic data reinforced market expectations of tighter monetary policy from the Federal Reserve. The U.S. dollar index, which measures it against six other major currencies, slipped 0.14 percent to 103.83, though is up almost 1.8 percent…


Dollar Powers to 6-Week High as Interest Rate Expectations Rise

LONDON/SINGAPORE—The dollar rose to a six-week high on Friday as strong U.S. economic data and comments from Federal Reserve officials led to traders betting more interest rate rises are coming. Data on Thursday showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, and that monthly producer prices increased by…


Dollar Eases as Investors Price out ‘Armageddon Recession’ Risk

LONDON—The dollar stalled on Thursday as investors scooped up higher-risk currencies after a run of strong U.S. economic data reinforced confidence in the global growth outlook, even though the Federal Reserve looks set to raise interest rates further. Data from the U.S. Commerce Department showed on Wednesday that retail sales in the United States rebounded…


Dollar Climbs After US Inflation Data and Tough Fed Talk

LONDON/SINGAPORE—The dollar rose on Wednesday in the wake of stubbornly high U.S. inflation data and firm words on interest rates from Federal Reserve officials. U.S. consumer price index (CPI) inflation accelerated month-on-month in January, rising 0.5 percent as expected, due in part to higher rental and food costs. Year-on-year, prices rose 6.4 percent. That was…


Jobs Figures Send Euro, Sterling Higher; Dollar Slips Before CPI

LONDON—The euro and sterling rose against the dollar as UK basic pay growth sped up and eurozone employment rose more than expected, underlining the resilience and tightness of the labor market across the region. A flash estimate of employment showed the number of people with jobs in the eurozone increased by 0.4 percent quarter-on-quarter, twice…


Yen Slides, Dollar Index Near 5-week High as CPI Looms

TOKYO/LONDON—The dollar edged toward a five-week high versus major peers on Monday as the Japanese yen slid and investors increased bets on the Federal Reserve keeping monetary policy tight for longer. The major event this week will be the release of U.S. consumer price data on Tuesday, which will drive expectations for the Fed’s policy….


Dollar Slips After Powell Strikes Balanced Tone on Inflation

LONDON/SINGAPORE—The dollar fell on Wednesday after Federal Reserve Chair Jerome Powell declined to meaningfully harden his tone on inflation, despite very strong U.S. jobs numbers last week. In a question-and-answer session before the Economic Club of Washington on Tuesday, Powell said interest rates might need to move higher than expected if the U.S. economy remained…


Dollar Rally Pauses Ahead of Powell Speech; Aussie Lifted by Hawkish RBA

The dollar eased on Tuesday after its rally the previous day, but still hovered near a one-month peak as traders raised their bets on how high the U.S. Federal Reserve would need to raise interest rates to tame inflation. The big mover on Tuesday was the Australian dollar, which surged as much as 1 percent…


Dollar Surges on Robust US Jobs Data, While Lira, Yen Slump

LONDON—The dollar surged to a three-week high against the euro on Monday, with traders expecting the U.S. Federal Reserve to lift its benchmark rate above 5 percent to squeeze inflation after data showed the labor market remains strong. An earthquake in central Turkey and northwest Syria and a strong U.S. dollar added pressure on emerging…


Dollar Slips as Euro Picks Up Ahead of US Jobs Data

LONDON—The dollar slipped on Friday as investors awaited the latest U.S. jobs figures, after jumping in the previous session following a raft of central bank decisions. The U.S. currency dipped against the euro, reversing earlier gains. The euro was last up 0.17 percent to $1.093, remaining far above September’s 20-year low of $0.953. The Federal…