Dollar set for weekly loss as data, Fed cool bond market

By Tom Westbrook SINGAPORE (Reuters) – The dollar was headed for its worst week of the year on Friday as unexpectedly strong economic data in Europe, downbeat U.S. jobs figures and a determinedly accommodative Federal Reserve have prompted investors to unwind some bets on the greenback. The euro and yen are also poised…

Dollar drops with U.S. yields despite strengthening U.S. recovery

By Kevin Buckland TOKYO (Reuters) – The dollar sank to an almost two-week low versus a basket of its peers on Tuesday, moving in tandem with retreating Treasury yields from recent peaks despite signs of a robust U.S. economic recovery. The dollar index wallowed at its lowest level since March 25, slipping further…

Dollar holds near multi-month high on U.S. growth bets

By Hideyuki Sano TOKYO (Reuters) – The dollar held near a multi-month high against other major currencies on Thursday as investors bet fiscal stimulus and aggressive vaccinations will help the United States grow faster than other economies. The dollar’s index against a basket of six major currencies hit a five-month high of 93.439…

Dollar finds footing on U.S. economy as euro falters

By Tom Westbrook SINGAPORE (Reuters) – The dollar began the week on a firm footing, inching toward a milestone peak against the euro on Monday, as a cautious market mood pushed investors to safety while U.S. economic strength and a rapid vaccine rollout also added to the greenback’s shine. The euro was down…

Dollar holds advantage on economic optimism, euro looks vulnerable

By Stanley White TOKYO (Reuters) – The dollar traded near multi-month highs against most major currencies on Friday, supported by a wave of optimism due to improving U.S. economic data, the rollout of coronavirus vaccines, and rising Treasury yields. The euro was in focus ahead of data on German business sentiment due later…

Safe-haven dollar in demand as worries over European lockdowns, U.S. taxes sap risk appetite

By Kevin Buckland TOKYO (Reuters) – The safe-haven U.S. dollar approached a four-month high on Wednesday as concerns over a third COVID-19 wave in Europe, potential U.S. tax hikes and escalating tensions between the West and China sapped risk appetite. The yen also strengthened and U.S. Treasuries were bid while Wall Street stocks…

Dollar off recent highs as investors look to Fed, Yellen for bond clues

By Hideyuki Sano TOKYO (Reuters) – The U.S. dollar hovered below recent highs on Tuesday as investors looked to fresh comments from top U.S. policy makers to gauge how far they would allow U.S. bond yields to rise. The Turkish lira showed some sign of stability following a 7.5% dive on Monday after…

Dollar stronger amid higher U.S. yields on Fed’s lower-for-longer mantra

By Kevin Buckland and Sagarika Jaisinghani TOKYO (Reuters) – The safe-haven U.S. dollar held firmer on Friday, supported by higher Treasury yields and falling stock markets, as investors digested the Federal Reserve’s pushback against expectations of any early interest-rate hikes. The dollar index was slightly higher following a 0.5% jump from Thursday that…

Dollar wobbles after Fed pushes back against rate hike speculation

By Hideyuki Sano TOKYO (Reuters) – The U.S. dollar was on the defensive on Thursday after the Federal Reserve signalled it was in no hurry to raise interest rates through all of 2023 even as it saw a V-shaped recovery in the world’s largest economy. Investors dumped the dollar and rushed to more…

Major currencies on hold as investors keep eagle eye on Fed guidance

By Hideyuki Sano TOKYO (Reuters) – Major currencies held tight ranges on Wednesday as investors looked to the U.S. Federal Reserve’s policy meeting for any indications it could start rate hikes earlier or let bond yields rise further. The dollar index stood at 91.866, having risen for the last three sessions, drawing support…