Tag: Forex

Dollar Dips Ahead of US Inflation Data, Fed Meeting Next Week

LONDON—The dollar edged lower against major currencies on Friday as concerns resurfaced about the health of the U.S. economy, and ahead of producer inflation data later in the day and a Federal Reserve meeting on interest rates next week. After a lull in market-moving news, investors are looking towards rate decisions next week—including from the…


Dollar Edges Up, Investors Weigh Outlooks for Rates and Economy

LONDON—The dollar edged up on Thursday, supported by a push higher in U.S. Treasury yields, as investors weighed the outlook for Federal Reserve policy against the chances that high interest rates could lead to a recession. Next week brings a raft of major central bank decisions, including those from the Federal Reserve, the European Central…


Dollar Flat as Growth Outlook Darkens, Yuan Firms as China Eases Curbs

SINGAPORE/LONDON—The dollar was little changed on Wednesday after some of the biggest U.S. banks warned of an impending recession, while China’s yuan firmed as authorities loosened some of the country’s zero-COVID rules. Top bankers from JPMorgan Chase & Co., Bank of America, and Goldman Sachs said overnight that the banks are bracing for a worsening…


Dollar Kept Aloft by Higher Fed Rates Bets, RBA Rate Hike Lifts Aussie

LONDON—The U.S. dollar index edged lower on Tuesday but stuck close to levels reached this week in the wake of strong services data in the United States which fuelled expectations for higher interest rates than recently forecast. The Australian dollar perked up from near one-week lows after the Reserve Bank of Australia (RBA) raised rates…


Dollar Slips as Easing COVID-19 Curbs in China Lift Sentiment

SINGAPORE—The dollar slid across the board on Monday as traders piled into riskier assets after more Chinese cities eased some of their COVID-19-related restrictions, stoking hopes of an eventual reopening of the world’s second-biggest economy. Financial hub Shanghai and Urumqi in the far west were among the cities that announced an easing of coronavirus curbs…


Dollar Slips to 5-month Low, Yuan Set for Biggest Weekly Gain Since 2005

LONDON—The dollar was pinned near a five-month low against a basket of major currencies on Friday ahead of key U.S. labor market data, while the yuan was set for its biggest weekly gain since China abandoned its dollar peg and revalued its currency in 2005. The dollar index, which measures the currency against six major…


Yen, Pound Hit Strongest in Three Months on Powell Remarks on Fed Slowing

LONDON—The dollar weakened to three-month-lows against the yen and the pound on Thursday, after comments by Fed Chair Jerome Powell that U.S. rate hikes could be scaled back “as soon as December,” but the euro failed to climb past a major resistance level. The aggressive pace of U.S. Federal Reserve rate increases this year has…


Dollar Heads for Biggest Monthly Loss Since 2010 Ahead of Powell Speech

LONDON—The dollar eased from a one-week high on Wednesday ahead of a speech by Federal Reserve Chair Jerome Powell, while optimism over a possible loosening in China’s COVID-19 restrictions set it on course for its biggest monthly loss since late 2010. Eurozone inflation in November showed the first monthly deceleration since June last year, as…


Yuan Rallies on Hopes of China COVID-19 Policy Relief, Euro Surges

The yuan jumped against the dollar on Tuesday amid hopes of a potential easing in the country’s strict pandemic restrictions following an unprecedented episode of unrest. The euro rose ahead of inflation data due on Wednesday. The offshore yuan surged 0.9 percent to 7.1850 a dollar. The onshore yuan was up 0.6 percent at 7.1666…


Dollar Slips, While Yuan Slumps on COVID-19 Unrest in China

SINGAPORE/LONDON—The dollar weakened on Monday as investors weighed up the recent drop in U.S. government bond yields, while anti-regime protests in China sent the yuan to a two-week low. Protests have flared across China and spread to several cities in the wake of an apartment fire that killed 10 people in the city of Urumqi…