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Search resuls for: "Sinéad Carew Joice Alves"


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☆ Dollar loses ground after economic data boosts risk appetite
  + stars: | 2022-11-15 | by ( Sinéad Carew Joice Alves | Sinéad Carew | Joice Alves | ) www.reuters.com   time to read: +4 min
Before the U.S. data the euro, sterling and the Swedish crown had already risen sharply against the U.S. dollar as traders assessed a slew of economic data, including UK and euro zone job figures plus German economic sentiment. In Europe traders were also eying encouraging data such as German economic sentiment ZEW index, which rose in November. Jane Foley, head of FX strategy at Rabobank in London also pointed to other headlines supporting risk currencies against the dollar. The dollar index , which measures the currency against six counterparts including sterling and euro, was last down 0.46% at 106.162 after earlier touching 105.34, its lowest point since August. The Swedish crown rose sharply against the U.S. dollar after data showed inflation in Sweden rose less than expected in October.
☆ U.S. dollar regains some ground as investors re-examine Fed bets
  + stars: | 2022-11-14 | by ( Sinéad Carew Joice Alves | Sinéad Carew | Joice Alves | ) www.reuters.com   time to read: +4 min
The dollar index rose less than expected in October prompted bets the Fed would scale back its hefty interest rate hikes. Waller did say that the Fed could now start thinking about hiking at a slower pace. The comments, however, poured cold water on investor hopes for a "rapid Fed recalibration," said Adam Button, chief currency analyst at ForexLive in Toronto. The euro fell 0.24% against the dollar to $1.0322, after rising to a three-month high during Asian trading hours. The dollar index, which gauges the greenback against a basket of six other major currencies including the euro, yen, and sterling, rose 0.74% to 107.072.
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