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☆ Dollar reigns supreme as hot CPI cools bets for Fed cuts
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: +3 min

In this photo illustration, the man is holding several U.S. dollar bills with some Chinese yuan in the background. The dollar traded near three-month highs to major peers on Wednesday as traders pushed back bets for a first Federal Reserve interest rate cut following surprisingly hot U.S. inflation figures overnight. The dollar has added about 10 yen in price since the start of this year. The euro was steady at $1.0710, after dipping to a three-month low of $1.07005 overnight. The Australian dollar languished near a three-month low of $0.6443 reached overnight, last trading at $0.64545.

Persons: James Kniveton, Kazuo Ueda, Kniveton, Masato Kanda, cryptocurrency bitcoin, bitcoin, Craig Erlam Organizations: Fed, Traders, Bank of Japan, Treasury, Bank of England, Australian, U.S, CPI, OANDA Locations: U.S

☆ Dollar on defensive after pullback from nearly 3-month peak
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: +2 min

The dollar remained under pressure on Wednesday after retreating from a nearly three-month high against the euro in the previous session with a decline in U.S. bond yields adding to the drag. The dollar remained under pressure on Wednesday after retreating from a nearly three-month high against the euro in the previous session with a decline in U.S. bond yields adding to the drag. U.S. Treasury yields also turned down from highs overnight on solid demand at a sale of new three-year notes, removing some support for the dollar. The U.S. dollar index , which measures the currency against six major peers, including the euro, was flat at 104.14, following Tuesday's 0.29% slide. The currency pair tends to be extremely sensitive to moves in Treasury yields.

Persons: Jerome Powell scuppered, Matt Simpson, James Kniveton Organizations: Federal, Treasury, U.S, CPI, Federal Reserve Locations: U.S, Asia

☆ Dollar hovers near 6-week high on Fed view; yen edges up after BOJ
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: +4 min

The Japanese yen , though, ticked higher as expectations rose for a stimulus exit as soon as March, following hawkish comments from the Bank of Japan on Tuesday. "We have seen ECB (European Central Bank) officials push back on rate cut expectations as well, in line with the Federal Reserve." The dollar declined 0.17% to 148.085 yen, after swinging from as low as 146.99 and as high as 148.70 on Tuesday. The Bank of Canada meets on policy on Wednesday, and is expected to leave its key overnight rate unchanged at a 22-year high of 5%. Traders have unwound bullish positions built up in anticipation of U.S. approval of the country's first spot bitcoin exchange traded fund (ETF).

Persons: Mary Daly, Christopher Waller, James Kniveton, Christine Lagarde's, Sterling, Kazuo Ueda, China's, cryptocurrency, Bitcoin Organizations: Federal Reserve, Bank of Japan, U.S, San Francisco Fed, ECB, European Central Bank, Bank of England, Bank of Canada, Bloomberg, Traders Locations: U.S

☆ Dollar holds ground as macro data hints at later Fed rate cut
▼ + stars: | 2023-11-16 | by ( Kevin Buckland | ) www.reuters.com time to read: +2 min

U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. The risk-sensitive Australian and New Zealand dollars sank amid a decline in regional equities. The dollar index - which measures the greenback against the euro, yen and four other rivals - added 0.11% to 104.43. Elsewhere, the Aussie slid 0.29% to $0.64905, and the New Zealand dollar declined 0.5% to $0.5993. Australia's currency failed to draw support from a strong rebound in employment, as traders keyed on the fact that gains were mostly in part-time labour, while the jobless rate actually ticked higher.

Persons: Dado Ruvic, James Kniveton, Kevin Buckland, Shri Navaratnam Organizations: REUTERS, Rights, Reserve, New Zealand, Traders, Thomson Locations: Convera

☆ Dollar hovers below 3-month high to euro as ECB decision looms
▼ + stars: | 2023-09-14 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

The yen pulled away from near a 10-month trough to the dollar as a decline in long-term Treasury yields removed some support for the U.S. currency. The U.S. dollar index - measuring the currency against a basket of six developed-market peers, including the euro and yen - edged 0.1% lower to 104.63 in the Asian morning. The euro added 0.1% to $1.07415, continuing its grind higher from last week's low of $1.0686. The dollar slipped 0.2% to 147.125 yen , falling back from near last week's peak of 147.875. At the same time, a hike by the ECB "could potentially catalyse a shift in momentum, relegating the dollar to a secondary position as the euro gains traction," he added.

Persons: Dado Ruvic, James Kniveton, Kevin Buckland, Simon Cameron, Moore Organizations: REUTERS, Rights, U.S, Treasury, Labor Department, Traders, ECB, Reuters, Thomson Locations: U.S, Melbourne

☆ Dollar hovers above 3-month low to euro as ECB decision looms
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: +3 min

The yen pulled away from near a 10-month trough to the dollar as a decline in long-term Treasury yields removed some support for the U.S. currency. The U.S. dollar index — measuring the currency against a basket of six developed-market peers, including the euro and yen — edged 0.1% lower to 104.63 in the Asian morning. The euro added 0.1% to $1.07415, continuing its grind higher from last week's low of $1.0686. The dollar slipped 0.2% to 147.125 yen , falling back from near last week's peak of 147.875. At the same time, a hike by the ECB "could potentially catalyze a shift in momentum, relegating the dollar to a secondary position as the euro gains traction," he added.

Persons: James Kniveton Organizations: U.S, Treasury, Labor Department, Traders, ECB, Reuters Locations: U.S, Melbourne

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