LONDON—The safe-haven U.S. dollar rose on Monday after a new batch of disappointing Chinese data bolstered global recession worries, while the yuan weakened following a surprise key rate cut by the People’s Bank of China. Chinese industrial output, retail sales, and fixed-asset investment all fell short of analyst estimates in data published on Monday, as…
Dollar Jumps on Safety Flows After China Data, Yuan Slips on Rate Cut
Dollar Set for Weekly Fall as Markets Reassess Fed Rate Hike Bets
LONDON—The dollar rose on Friday but was still set for a weekly decline as traders looked for signs of U.S. inflation peaking. U.S. inflation figures on Wednesday and Thursday were lower than expected, boosting riskier assets such as equities and weakening the dollar, as markets interpreted the data as indicating the Fed could be less…
Dollar Slides Further After US Inflation Surprise
LONDON—The dollar lost further ground versus other major currencies on Thursday, after traders reined in bets on an aggressive interest rate hike by the Federal Reserve after softer-than-expected U.S. inflation data the previous day. The dollar index remained on the back foot in European trading hours, slipping 0.2 percent to 105.000, after recording its biggest…
Dollar Edges Down Ahead of Key US Inflation Data
HONG KONG—The dollar edged lower on Wednesday, ahead of U.S. inflation data which markets will scrutinize for guidance on how steeply the U.S. Federal Reserve will raise interest rates. The figures were due at 1230 GMT. Economists expect year-on-year headline inflation to be running at a scorching 8.7 percent, a small retreat from June’s 9.1…
Dollar Turns Slightly Defensive, Inflation Data Next Key Test
LONDON—The dollar turned defensive against other major currencies on Tuesday, with traders reluctant to push the greenback higher without further signs that another aggressive interest rate hikes from the Federal Reserve was coming in September. U.S. inflation data on Wednesday was shaping up as the next key test for the dollar, which rose sharply after Friday’s…
Dollar Edges Lower as Currency Markets Pull Back on Friday’s Moves
LONDON—The dollar fell on Monday, losing some of the gains it had made from Friday’s U.S. jobs data, as currency markets pulled back on their initial reaction and waited for Wednesday’s inflation data to give more clues about the Federal Reserve’s next steps. Higher-than-expected U.S. employment figures last week saw the dollar strengthen against major…
Dollar Edges Higher Before Key US Jobs Report
LONDON—The U.S. dollar edged higher on Friday, attempting to recoup some losses after its sharpest daily drop in more than two weeks, as traders turned their attention to U.S. jobs data for further clues about the strength of the economy. The U.S. dollar index, which measures the greenback against a basket of currencies, was up…
Dollar Edges Down as Impact of Hawkish Fed Commentary Fades
LONDON—The dollar slipped against most major currencies on Thursday as the positive impact of hawkish Federal Reserve comments faded and investors waited for more signs on the data front to confirm that more large rate hikes to curb inflation were coming. The Bank of England was widely expected to raise interest rates by the most…
Dollar Dips as Investors Analyse Fed Rate Hike Hints
LONDON—The U.S. dollar edged lower on Wednesday but held on to most of the previous day’s gains, after leaping on Federal Reserve officials’ hints at aggressive rate hikes and drawing support amid a U.S.–China flare-up over Taiwan. The dollar index, which tracks the greenback against six major peers, has softened from a two-decade high in…
Yen Set for Biggest Run of Gains in More Than 2 Years
LONDON—The yen was on track for its biggest run of gains since the depths of the coronavirus crisis in March 2020, as rising U.S.–China tensions over Taiwan and deepening worries about a global economic slowdown boosted the appeal of safe-haven assets. Against the dollar, the Japanese currency was on track for a fifth consecutive session…
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