LONDON—The dollar soared to its highest levels since July 2020 against other major currencies on Thursday, powered by bets the U.S. Federal Reserve could deliver faster and larger interest rate hikes in the months ahead. A day after the Fed flagged that it was ready to start lifting rates in March to contain inflation, money…
Dollar Consolidates Below 2–1/2 Week Highs Before Fed Decision
LONDON—The U.S. dollar held below its 2-1/2 week high on Wednesday as risk sentiment stabilized before a Federal Reserve meeting where policymakers are widely expected to signal readiness to start raising interest rates from March. Markets have been on a rollercoaster ride this week as the combination of a hawkish Fed and slowing growth have…
Dollar Rises on Ukraine Crisis as Investors Await Fed Meeting
The dollar rose to a two-week peak on Tuesday as tensions between Russia and the West over Ukraine drew investors to safe-haven currencies while awaiting the outcome of this week’s U.S. Federal Reserve policy meeting. Russia said it was watching with great concern after the United States put 8,500 troops on alert to deploy to…
Ukraine Tensions Lift Dollar, Yuan Holds Firm
LONDON—The dollar rose to a two-week high on Monday against a basket of currencies, lifted by the tension between Russia and the West over Ukraine and the possibility of a more hawkish stance from the Federal Reserve this week. Markets were until recently not fretting about the massing of Russian troops on Ukraine’s borders, but…
Dollar Holds Its Ground as Selloff Drags Down Aussie, Bitcoin
LONDON—The dollar was on track for its best week in a month against major rivals on Friday, as the world’s reserve currency held its ground amid a selloff of riskier assets across markets. Investor sentiment has soured in recent days due to weaker economic data, rampant inflation and concerns over the pace of U.S. Federal…
Dollar Dips as Treasury Yields Stall, Commodity Currencies Rally
LONDON—The dollar dipped on Thursday as this week’s rally in U.S. Treasury yields paused, while the Canadian and Australian dollars gained on the back of rising commodity prices and optimism about economic growth. The euro and sterling rose after suffering their worst days in a month on Tuesday when the dollar was lifted by a…
Dollar Holds Near Weekly High, Sterling Takes Inflation Data in Stride
LONDON—The dollar held near a weekly high on Wednesday after a surge in U.S. yields resulted in sharp gains this week against the euro amid growing bets the Federal Reserve will raise the interest rate. Sterling was flat against the dollar after data showed British inflation rose 5.4 percent in December, to its highest level…
Dollar at Six-Day High After U.S. Yields Jump; Yen Steadies
LONDON—The dollar hit a six-day high in early trading on Tuesday following a jump in U.S. Treasury yields, while the yen steadied after the Bank of Japan saying it would stick to its ultra-loose monetary policy caused the currency to slip versus the dollar. The U.S. Federal Reserve meets next week. It is expected to…
Dollar Weakens for a 4th Day on US Rate View
LONDON—The U.S. dollar fell for a fourth consecutive day on Friday to its lowest in more than two months as investors took the view that most of the recent hawkishness from the U.S. central bank has already been priced in. On Friday, the greenback slipped 0.2 percent to 94.62 against a basket of currencies, its…
Dollar Extends Losses, Euro Rallies as Traders Reassess Rate Hike Bets
LONDON—The dollar fell further on Thursday to two-month lows after U.S. inflation proved weaker than feared in December, prompting investors to cut crowded long positions in the currency. The euro was a big beneficiary of the move and extended its rise to as high as $1.1479, up 0.3 percent on the day, while sterling and…
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