Dollar dented as consumer sentiment dives
The U.S. dollar fell to a one-week low against a basket of currencies. This is after a survey showed U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade. The University of Michigan said that its preliminary consumer sentiment index fell to 70.2 in the first half of this month […]
Fed taper talk lifts dollar ahead of inflation test
The dollar hovered near a four-month high against the euro and scaled a five-week peak on the Japanese yen. This is as the traders awaited U.S. inflation data and wagered a high reading could pressure the Federal Reserve to wind back policy support. The greenback has already caught a boost from the U.S. jobs data […]
Dollar, US yields gain, Asian shares held back by delta worries
The dollar and U.S. yields extended gains in Asia, spurred by tapering talk, while Asian shares traded sideways on fears about the spread of the coronavirus despite a record close on Wall Street. The dollar index rose to its highest since mid-July, gaining against the yen, while the euro neared year-to date lows against the […]
China jitters lift haven currencies; dollar awaits Fed
The dollar was pinned below recent highs by a decline in real yields and by trepidation ahead of a Federal Reserve meeting. In the meanwhile, other safe-haven currencies were in favour following an unnerving plunge in Chinese equity markets. The Japanese yen rose about 0.5% on the dollar overnight. The Chinese yuan teetered near a […]
Dollar steady, sterling slips ahead of Bank of England meeting
The dollar slipped slightly in early European trade. This is after it have spent a week gradually edging away from two-month highs hit after the U.S. Federal Reserve’s surprise hawkish shift at its meeting. As traders weighed up different signals from Federal Reserve officials on the timing of a withdrawal of monetary stimulus, currency markets […]