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News / Other data

* The dollar pared some of its strong overnight gains on Tuesday after investors flocked to the safe-haven currency on nerves over China's COVID flare ups, though cautious risk sentiment kept the greenback in demand.

* The U.S. dollar rose against most major currencies on Monday, recouping recent losses, as fresh COVID-19 curbs in China fuelled worries over the global economic outlook and made traders shun riskier currencies.

* The dollar has been on the ropes since mid-October, but its wobble can be explained away by profit talking and could be nearing an end as soon as December, when the Federal Reserve is expected to squeeze the life out of the “pivoteers” once again.

* Sterling slipped against a strengthening U.S. dollar on Monday as global risk sentiment was dented by rising COVID -19 cases in China, which led to new restrictions in the world's second largest economy.

* The U.S. dollar's net positioning turned net short in the latest week for the first time since mid-July 2021, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

* Most Asian currencies slumped on Monday, with the yuan hit especially hard as China logged a record jump in daily COVID cases, while the dollar benefited from safe haven demand amid fears of a potential escalation in the Russia-Ukraine conflict.

Data inference

* 'Actual' greater than 'Forecast' is good for currency

* Federal Reserve Bank of Cleveland President Loretta Mester

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