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Dollar struggles before payrolls test; Aussie rebounds The dollar hung back from a four-week high against major peers on Friday as investors looked ahead to a key jobs report that could influence the path for U.S. interest rates. Sterling traded slightly higher after recovering knee-jerk losses following the Bank of England's decision to downshift to a quarter point rate hike on Thursday. The yen hovered near the middle of its trading range this week as traders tried to gauge the Bank of Japan's tolerance for higher yields following...
Dollar struggles before payrolls test; Aussie rebounds
Dollar struggles before payrolls test; Aussie rebounds
Source: Reuters
4/08/2023 8:48:48 AM
Dollar teeters near one-year low; euro scales 17-month peak  The dollar wobbled near an over one-year low against its major peers on Tuesday, as investors awaited fresh catalysts to gauge if the greenback has further downside in the wake of last week's cooler-than-expected U.S. inflation report. The U.S. dollar index, which measures the greenback against a basket of six currencies, dipped slightly to 99.84 in early Asia trade, after having tumbled to its lowest since April 2022 on Friday. The index also clocked its worst week of 2023 la...
Dollar teeters near one-year low; euro scales 17-month peak
Dollar teeters near one-year low; euro scales 17-month peak
Source: Reuters
18/07/2023 8:49:36 AM
Yen steady, markets on intervention alert; Aussie up before RBA decision The yen nudged up on Tuesday but remained vulnerable to more weakness, hovering near the key 145 per dollar level as markets were on alert for signs of intervention, while the Australian dollar moved up ahead of a central bank policy decision. The yen was up 0.17% at 144.42 per dollar in early Asian hours, but remained close to last week's eight month low of 145.07 per dollar that prompted Finance Minister Shunichi Suzuki to warn against excessive yen selling. Earlier on Tuesday, Ja...
Yen steady, markets on intervention alert; Aussie up before RBA decision
Yen steady, markets on intervention alert; Aussie up before RBA decision
Source: Reuters
4/07/2023 9:24:22 AM
Yen struggles before BOJ decision; hawkish ECB, soft US data dent dollar The yen languished near a 15-year low against the euro and around a seven-month trough against the dollar on Friday, ahead of a closely-watched policy decision by the Bank of Japan, where it is set to stay ultra-dovish in the face of its hawkish peers. The euro was poised for its best week since November after a hawkish European Central Bank (ECB) signalled further rate hikes to come, after raising borrowing costs to a 22-year high overnight. That and a run of soft U.S. economic data saw t...
Yen struggles before BOJ decision; hawkish ECB, soft US data dent dollar
Yen struggles before BOJ decision; hawkish ECB, soft US data dent dollar
Source: Reuters
16/06/2023 8:58:57 AM
WTC Final: I fail to understand the exclusion of Ashwin, says Tendulkar after India's defeat Cricket legend Sachin Tendulkar has congratulated Australia on winning the World Test Championship 2023 title but said he still fails to understand the exclusion of off-spinner Ravichandran Ashwin from the playing XI for the final that India lost by 209 runs. Australia's victory was set up on Day One of the five-day match by a 285-run partnership between Player of the Match Travis Head (163) and Steve Smith (121) after Australia were sent in to bat first by India. Australia reached 469...
WTC Final: I fail to understand the exclusion of Ashwin, says Tendulkar after India's defeat
WTC Final: I fail to understand the exclusion of Ashwin, says Tendulkar after India's defeat
Source: IANS
12/06/2023 12:42:00 PM
Asia stocks gain on hopes for China stimulus, Fed pause  Most Asia-Pacific stocks markets strengthened on Wednesday, as expectations for stimulus from China and overnight gains on Wall Street boosted the mood. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.7% in the morning. China's benchmark equity index rose 0.3%, while Hong Kong's Hang Seng added 1.2%. On Tuesday, China reportedly asked the biggest banks to cut deposit rates to boost the economy. Speculation of policy support for the troubled prope...
Asia stocks gain on hopes for China stimulus, Fed pause
Asia stocks gain on hopes for China stimulus, Fed pause
Source: Reuters
7/06/2023 8:50:17 AM
Dollar sags versus yen after Japan warning; Aussie slides on China data The dollar languished below the psychological 140 yen level on Wednesday after getting knocked back from a six-month high after Japanese officials met on Tuesday to discuss their currency. The Australian dollar rode a rollercoaster after it jumped on heated local inflation data only to be dragged lower moments later by more signs of a slowdown in China, a major trading partner. The Chinese yuan slumped to a six-month low in offshore trading. The Aussie was last down 0.15% at $0.6507, he...
Dollar sags versus yen after Japan warning; Aussie slides on China data
Dollar sags versus yen after Japan warning; Aussie slides on China data
Source: Reuters
31/05/2023 9:21:00 AM
Dollar, yen buoyed as US banking sector fears put safe-havens back in vogue The U.S. dollar and the yen, both safe haven assets, were mostly steady after spiking higher overnight as renewed concerns over the U.S. banking sector and economy dented risk sentiment. The dollar index, which measures the currency against six major rivals, nudged 0.01% higher to 101.80 following a 0.5% increase overnight. The index is down 0.76% for the month. Shares of First Republic Bank slid nearly 50% on Tuesday after it reported a more than $100 billion plunge in deposits in the ...
Dollar, yen buoyed as US banking sector fears put safe-havens back in vogue
Dollar, yen buoyed as US banking sector fears put safe-havens back in vogue
Source: Reuters
26/04/2023 8:50:47 AM
Dollar slips as banks rescue makes room for relief rally The dollar slipped on Friday as risk sentiment improved after authorities and banks moved to ease stress on the financial system in major markets, taking heat off other major currencies that tumbled earlier in the week in the wake of bank turmoil. Large U.S. banks on Thursday injected $30 billion in deposits into First Republic Bank, swooping in to rescue the lender, which was caught up in a widening crisis triggered by the collapse of two other mid-size U.S. banks over the past week. C...
Dollar slips as banks rescue makes room for relief rally
Dollar slips as banks rescue makes room for relief rally
Source: Reuters
17/03/2023 9:04:37 AM
Gold set for weekly fall as more U.S. rate hikes expected Gold prices headed for another weekly fall on Friday, holding near last session's two-month lows as prospects of more interest rate hikes by the U.S. Federal Reserve dimmed bullion's appeal amid a slew of strong economic data. Spot gold was little changed at $1,821.99 per ounce by 1123 GMT. U.S. gold futures rose 0.2% to $1,829.70. Bullion has lost about 7% since the beginning of February, having posted significant declines in the previous two out of three weeks and is down abou...
Gold set for weekly fall as more U.S. rate hikes expected
Gold set for weekly fall as more U.S. rate hikes expected
Source: Reuters
24/02/2023 5:23:07 PM
World stocks pause near five-month peaks, caution sets in World stocks paused near five-month highs on Wednesday, as signs that central banks might need to keep hiking interest rates for longer dampened a recent wave of optimism that aggressive monetary tightening among big central banks is almost done. Australia's dollar shot up over 0.7% to its highest in over five months after data showing inflation rose to a 33-year high of 7.8% last quarter bolstered the case for another interest-rate hike from the Reserve Bank of Australia (RBA) next mo...
World stocks pause near five-month peaks, caution sets in
World stocks pause near five-month peaks, caution sets in
Source: Reuters
25/01/2023 8:58:53 AM
Aussie jumps, kiwi slumps after inflation data The Australian dollar jumped to a more than five-month high on Wednesday after inflation data came in hotter than expected, while the kiwi slipped after New Zealand's fourth-quarter inflation rose less than what its central bank had forecast. The euro held near a nine-month peak against the dollar, as traders weighed a rosier growth outlook for the euro zone sagainst growing signs of a looming U.S. recession. The Aussie rose 0.66% to $0.7092, its highest since August, after a shock ...
Aussie jumps, kiwi slumps after inflation data
Aussie jumps, kiwi slumps after inflation data
Source: Reuters
25/01/2023 8:46:02 AM
Dollar in doldrums as euro near 9-month peak, yen bounces The dollar was on the back foot on Tuesday, hovering near a nine-month low to the euro and giving back recent gains against the yen, as traders continued to gauge the risks of a U.S. recession and the path for Federal Reserve policy. Europe's single currency was buoyed on Monday by comments from European Central Bank officials pointing to aggressive policy tightening. The U.S. dollar index - which measures the greenback against a basket of six peers, including the euro and yen - sli...
Dollar in doldrums as euro near 9-month peak, yen bounces
Dollar in doldrums as euro near 9-month peak, yen bounces
Source: Reuters
24/01/2023 8:47:09 AM
Dollar muted as growth concerns mount, yen retreats  The U.S. dollar loitered around its seven-month lows on Friday as fears of an economic slowdown dented risk appetite, while the yen eased even as speculation swirls that the Bank of Japan (BOJ) will eventually move away from its ultra-easy policy. The dollar index, which measures the U.S. currency against six peers, rose 0.098% to 102.12, not far off the seven-month low of 101.51 it touched on Wednesday. The index is down 1.3% this year after sinking 7.7% in the last three months ...
Dollar muted as growth concerns mount, yen retreats
Dollar muted as growth concerns mount, yen retreats
Source: Reuters
20/01/2023 12:29:21 PM
Yen drops as BOJ sticks to ultra-easy policy, sterling hits 1-mth high The yen dropped against major currencies on Wednesday after the Bank of Japan maintained ultra-low interest rates, disappointing some investors who had hoped the central bank would relax its yield curve control policy further. The central bank stunned the market last month by raising its cap on the 10-year yield to 0.5% from 0.25%, doubling the band it would permit above or below its target of zero. Since then, speculation had swirled that the BOJ could tweak its yield curve control (YCC) ...
Yen drops as BOJ sticks to ultra-easy policy, sterling hits 1-mth high
Yen drops as BOJ sticks to ultra-easy policy, sterling hits 1-mth high
Source: Reuters
17/01/2023 9:36:07 AM
Dollar falls as Europe's inflation cools and China lifts the Aussie The dollar fell on Wednesday, losing out to commodities currencies like the Australian dollar and against the euro, which got a lift from a raft of data that suggested European inflation may finally have peaked. The dollar was already under pressure from investors who have grown more optimistic over the prospect that China's relaxation of tough COVID restrictions will breathe life into the world's second largest economy. Data on Wednesday showed French consumer price pressures c...
Dollar falls as Europe's inflation cools and China lifts the Aussie
Dollar falls as Europe's inflation cools and China lifts the Aussie
Source: Reuters
4/01/2023 6:58:27 PM
U.S. dollar gains as risk tolerance drops with hawkish central banks The dollar rose on Friday in choppy trading, extending sharp gains in the previous session as risk appetite soured and investors grappled with the prospect that borrowing costs still have a long way to climb. The greenback briefly fell after data showed U.S. business activity shrank further in December as new orders slumped to their lowest in more than 2-1/2 years, while softening demand helped to significantly cool inflation. S&P Global said on Friday its flash U.S. Composite PMI O...
U.S. dollar gains as risk tolerance drops with hawkish central banks
U.S. dollar gains as risk tolerance drops with hawkish central banks
Source: Reuters
17/12/2022 10:20:50 AM
Dollar jumps as China COVID worries spur safe-haven buying The U.S. dollar rallied against major currencies on Monday, as rising COVID-19 cases in China led to new restrictions there and weighed on global investor sentiment. China is battling numerous coronavirus flare ups. Two deaths were reported in Beijing on Sunday, and the city's most populous district urged residents to stay at home on Monday. The new cases have cast doubt on hopes that the government could soon ease its tough restrictions. That has boosted the dollar, which is seen a...
Dollar jumps as China COVID worries spur safe-haven buying
Dollar jumps as China COVID worries spur safe-haven buying
Source: Reuters
21/11/2022 8:01:08 PM
Dollar heads for weekly gain as Fed pushes back on pivot  The dollar eased on Friday, but was still headed for its largest weekly gain in a month, after Federal Reserve officials reiterated their commitment to raising U.S. interest rates more than markets currently anticipate. It fell against the pound, which edged higher after a volatile session on Thursday following Britain's budget for tax rises and spending cuts. St Louis Fed President James Bullard was the latest Fed official to push back on market hopes for a pause in interest ...
Dollar heads for weekly gain as Fed pushes back on pivot
Dollar heads for weekly gain as Fed pushes back on pivot
Source: Reuters
18/11/2022 9:35:44 AM
Safe-haven dollar gains as traders assess risks from Poland The safe-haven U.S. dollar edged higher against major peers on Wednesday as markets continued to assess news of a Russian-made rocket striking NATO-member Poland, and whether it could lead to an escalation of the Ukraine war. The risk-sensitive Australian dollar and sterling both flipped from small early gains to similar-sized losses as leaders from the United States, Britain, Germany, Japan and other countries met on the sidelines of the Group of 20 meeting in Bali. However, the moves ...
Safe-haven dollar gains as traders assess risks from Poland
Safe-haven dollar gains as traders assess risks from Poland
Source: Reuters
16/11/2022 8:57:23 AM
Dollar rebounds as Fed officials say hikes to continue; yen slumps The U.S. dollar climbed versus the yen and stayed firm against other major peers on Tuesday as more Federal Reserve officials made the case for even tighter U.S. monetary policy. The greenback edged up against sterling and hovered more than 1% above its two-month trough to the euro after Fed Vice Chair Lael Brainard on Monday echoed weekend comments by Fed Governor Christopher Waller that interest rates need to keep rising to battle inflation, although potentially at a slower pace. The ...
Dollar rebounds as Fed officials say hikes to continue; yen slumps
Dollar rebounds as Fed officials say hikes to continue; yen slumps
Source: Reuters
15/11/2022 12:19:42 PM
SingTel flags macro-economic headwinds into 2023 despite upbeat H1 growth Singapore Telecommunications (SingTel) on Thursday said the company may have to bare the brunt of further macro-economic challenges that are expected to persist into fiscal 2023 despite posting a 23% jump in its first-half net profit. On the back of challenges around high inflation and rising interest rates, the company emphasized that it is "well-positioned" to weather headwinds due to a stable financial position and cash generation. SingTel, which is going through a strategi...
SingTel flags macro-economic headwinds into 2023 despite upbeat H1 growth
SingTel flags macro-economic headwinds into 2023 despite upbeat H1 growth
Source: Reuters
10/11/2022 9:05:30 AM
Dollar wobbles while investors await midterms; cryptos skittish The dollar wavered on Wednesday, as traders awaited results from U.S. midterm elections and inflation data that could disappoint hopes for a slowdown in rate hikes, while cryptocurrency markets attempted to steady after news of a bailout of exchange FTX. The greenback has been under downward pressure from bets on the Federal Reserve easing back on interest rate rises and on China reopening and driving growth. It touched multi-week lows against the euro, Australian dollar and New Zealand...
Dollar wobbles while investors await midterms; cryptos skittish
Dollar wobbles while investors await midterms; cryptos skittish
Source: Reuters
9/11/2022 9:01:08 AM
Oil prices edge higher as U.S. dollar eases Oil prices edged higher on Tuesday, reversing some of the previous session's losses, as the U.S. dollar eased, while weaker U.S. business activity data lowered expectations for more aggressive interest rate hikes in the world's biggest economy. International benchmark Brent crude futures gained 12 cents to $93.38 per barrel by 0008 GMT, while U.S. West Texas Intermediate crude futures rose 22 cents to $84.80 per barrel. U.S. business activity contracted for a fourth straight mon...
Oil prices edge higher as U.S. dollar eases
Oil prices edge higher as U.S. dollar eases
Source: Reuters
25/10/2022 9:04:06 AM
Hike bets hoist euro and bolster U.S. dollar The dollar was firm on Wednesday as stronger-than-expected U.S. economic data and hawkish Federal Reserve comments pointed to higher interest rates, while rate-hike bets in Europe also have the common currency clinging on above parity. German inflation running at its highest in nearly 50 years and a growing chorus of European Central Bank officials calling for big rate hikes has markets pricing a better-than-even chance of a 75 basis point rate hike next week. The euro rose 0.16% to $1....
Hike bets hoist euro and bolster U.S. dollar
Hike bets hoist euro and bolster U.S. dollar
Source: Reuters
31/08/2022 9:53:02 AM
Dollar softens before looming Fed hike The dollar edged further away from recent 20-year highs on Wednesday ahead of the U.S. Federal Reserve policy meeting, at which the central bank is expected to raise rates by another 75 basis points to tame soaring inflation. But moves in currency markets were modest as traders await the policy announcement at 1800 GMT. Money markets are betting that the Fed will raise rates by 75 basis points (bps), with an outside chance of a larger 100 bps hike. Traders expect the Fed to take the rat...
Dollar softens before looming Fed hike
Dollar softens before looming Fed hike
Source: Reuters
27/07/2022 2:00:15 PM
Dollar slips, riskier currencies gain as market rebounds The dollar fell and major rivals gained on Monday as risk appetite returned to currency markets and investors weighed up the possible impact of an expected U.S. rate hike this week. Currency markets were choppy. The safe-haven dollar had initially gained in early European trading hours, following a cautious Asian session in which investors were worried about the global growth outlook. But the dollar started dropping around 0800 GMT while European stock indexes, which had opened in the red,...
Dollar slips, riskier currencies gain as market rebounds
Dollar slips, riskier currencies gain as market rebounds
Source: Reuters
25/07/2022 8:30:42 AM
Dollar pauses below two-decade peak as Fed path pondered; Aussie jumps The U.S. dollar hovered just above a one-week low on Tuesday as markets reduced the odds of a full percentage-point Federal Reserve rate hike this month. Australia's dollar climbed back toward Monday's one-week high amid a hawkish turn to comments from country's Reserve Bank. Bets for supersized Fed easing ramped up last week after data showed U.S. inflation, already at a four-decade high, continued to accelerate in June. But some Federal Reserve officials were quick to thro...
Dollar pauses below two-decade peak as Fed path pondered; Aussie jumps
Dollar pauses below two-decade peak as Fed path pondered; Aussie jumps
Source: Reuters
19/07/2022 8:45:44 AM
Safe-haven dollar eases with U.S. yields as risk appetite improves The safe-haven dollar retreated from near a two-decade high against major peers on Thursday, tracking an easing in Treasury yields, while U.S. equity futures accelerated gains as investors continued to assess the economic outlook. The euro clawed its way back from near a two-decade trough, while the commodity-linked Australian dollar surged amid a rebound in copper and crude oil prices. The dollar index -- which measures the currency against six counterparts -- slipped 0.22% to 106.82, ...
Safe-haven dollar eases with U.S. yields as risk appetite improves
Safe-haven dollar eases with U.S. yields as risk appetite improves
Source: Reuters
7/07/2022 12:23:22 PM
Aussie $ edges up as RBA reaffirms more hikes ahead, yen struggles HONG KONG - The Australian dollar rose on Tuesday after the central bank flagged more rate hikes were on the way, but the uptick was restrained by lower commodity prices, while the Japanese yen languished near a 24-year low. The Aussie was 0.3% higher at $0.69675, extending the previous day's small gains, after Reserve Bank of Australia (RBA) Governor Philip Lowe signalled a lot more policy tightening ahead. Lowe said rates were still "very low" and it was important that h...
Aussie $ edges up as RBA reaffirms more hikes ahead, yen struggles
Aussie $ edges up as RBA reaffirms more hikes ahead, yen struggles
Source: Reuters
21/06/2022 7:59:48 AM
Aussie jumps after RBA hikes more than expected; yen sinks to new 20-year low TOKYO - The Australian dollar surged after the country's Reserve Bank hiked interest rates more than expected, while the yen dropped to a fresh two-decade low against the greenback as worries about persistent inflation pushed up U.S. bond yields. The Aussie reversed a small loss to be up 0.56% at $0.72345 after the central bank raised its key rate by a half point - twice what most economists had forecast - and committed to doing "what is necessary" to cool inflation. Prior...
Aussie jumps after RBA hikes more than expected; yen sinks to new 20-year low
Aussie jumps after RBA hikes more than expected; yen sinks to new 20-year low
Source: Reuters
7/06/2022 11:22:22 AM