The euro edged higher on Monday as risk appetite picked up while investors awaited a European Central Bank (ECB) policy meeting later this week. Asian shares joined U.S. stock futures in making cautious gains ahead of U.S. inflation data this week. Markets, which have already priced in several ECB rate increases and the end of…
Dollar Steadies Ahead of Data, Yuan Rises in Low Volume
The dollar was little changed on Friday, even as risk appetite picked up ahead of U.S. jobs data. European shares were mostly higher as investors waited for data which could provide hints on the pace of the Federal Reserve’s policy tightening in the second half of 2022. The ADP National Employment Report showed U.S. payrolls…
Euro and Yen Rebound Versus Dollar, Swiss Franc Gains on Inflation Jump
LONDON—The euro and the yen rose on Thursday, reversing some of their recent losses against the U.S. dollar, while the Swiss franc hit a one-month high against the euro after Swiss inflation soared to its highest in 14-years. The dollar had risen to a three-week high versus the Japanese yen and rallied versus the euro…
Dollar Edges up Against Euro, Hits Two-Week High Versus Yen
LONDON—The euro edged further away from a one-month high on Wednesday and the U.S. dollar nudged up, lifted by higher Treasury yields as global inflation worries flared anew. The dollar index, which measures the currency against six major peers, including the euro, rose 0.2 percent to 101.96, extending Tuesday’s gains, when data showed eurozone consumer…
Russian Central Bank Plays Down Role of Dollar and Euro at Home and Globally
May 31, 2022
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Russia’s central bank said on Tuesday that the role of the dollar and the euro as global currencies would decline as central banks rethink their strategies after the West froze Russian reserves, suggesting it could consider imposing negative rates for dollar and euro deposits. Unprecedented Western sanctions have frozen around half of Russia’s gold and…
Euro’s Losses Deepen After Inflation Data
LONDON—The euro’s losses deepened on Tuesday after data showing eurozone inflation hit a record high in May, but expectations the European Central Bank will soon hike rates kept the single currency on track for its best monthly performance in a year. Rising inflation is usually considered a precursor to tighter monetary policy. The ECB is…
Dollar Resumes Slide as Stock Markets Tentatively Pick Up
LONDON—The U.S. dollar resumed its backward slide on Monday as risk appetite across markets tentatively strengthened, supported by more encouraging economic data and bets that the Federal Reserve will tighten policy at a slower pace. The dollar index—which tracks the greenback against six major rivals—is on track for its first monthly drop in five, as…
Dollar Drifts Up but Set for Biggest Weekly Drop in 4 Months
LONDON—The dollar edged higher on Friday but was on track for its biggest weekly drop in nearly four months as traders lowered Federal Reserve rate hike expectations amid signs the U.S. central bank might slow or even pause its tightening cycle in the second half of the year. A broad-based decline in U.S. Treasury yields,…
Dollar Edges Back Towards One-Month Low
LONDON—The U.S. dollar edged back towards a one-month low on Thursday, as minutes from the Federal Reserve’s May meeting contained few surprises, with most participants favoring additional 50 basis point rate hikes at the June and July meetings. The dollar index, which measures the currency against six major peers, was down 0.2 percent at 101.83…
Dollar Off 1-month Low, Kiwi Cedes Post-Rate Hike Gain
LONDON—The U.S. dollar snapped a two-day losing streak on Wednesday as Treasury yields paused recent falls, its gain taking the edge off the euro as well as the kiwi dollar which had been lifted earlier by a hawkish central bank message. The Reserve Bank of New Zealand became the latest central bank to raise interest…
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