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☆ Dollar higher as U.S. debt ceiling concerns keep traders nervous
▼ + stars: | 2023-05-23 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar hit a two-month high against a basket of currencies on Tuesday as a lack of progress in talks over increasing the U.S. debt limit hurt investors' appetite for risk-taking. "I think the dollar saw a modest boost today as stocks have declined, mostly due to the lack of progress on the debt ceiling deal," said John Doyle, vice president of trading and dealing at Monex USA. While most market participants expect a deal eventually, the delay in getting it done was keeping traders nervous, Doyle said. "The focus is slowly going back towards inflation and all this hawkish Fed speak we've been getting," said Edward Moya, senior market analyst at OANDA in New York. "We're probably looking at a market that is repositioning itself for a little bit more dollar strength here as these Fed rate cut bets get pushed back a little bit further and higher for longer."

Persons: Joe Biden, John Doyle, Doyle, James Bullard, Neel Kashkari, we've, Edward Moya, Jerome Powell, Powell, Moya Organizations: U.S, Republicans, Monex USA, Fed, Traders Locations: New York

☆ Dollar edges up as markets await debt-ceiling talks, inflation data
▼ + stars: | 2023-05-09 | by ( Laura Matthews | ) www.reuters.com time to read: +2 min

"So I don't think that we're going to have a breakthrough today. And that might be why the dollar is a bit stronger." The release of closely watched U.S. inflation data on Wednesday is likely to set the tone for markets, after stronger-than-expected jobs data last week. "It's widely expected that we're going to get that quarter-basis-point hike, and then we'll see where they go from there," Doyle said. ========================================================Currency bid prices at 4:03PM (2003 GMT)Reporting by Rae Wee Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

☆ Yen retreats after BOJ policy tweak sparked surge
▼ + stars: | 2022-12-21 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

The BOJ decided to change its "yield curve control" policy on Tuesday even as it kept broad policy settings unchanged. It is letting 10-year yields move 50 basis points either side of its 0% target, wider than the previous 25-basis-point band. On Wednesday, the dollar was 0.4% higher against the yen , having plunged 3.8% in the previous session, its largest one-day drop against the Japanese currency in 24 years. The BOJ, long preoccupied with reviving price growth to avert a risk of deflation, has been an outlier among central banks this year. It has kept interest rates negative while other central banks have hiked hard to tame inflation and bolster domestic currencies against the U.S. dollar.

☆ Yen eases after BOJ policy tweak sparked surge
▼ + stars: | 2022-12-21 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

NEW YORK, Dec 21 (Reuters) - The yen eased in a choppy session on Wednesday, ceding some of the ground gained the previous day when a surprise policy tweak by the Bank of Japan lifted the Japanese currency by 4% against the dollar. The BOJ decided to change its "yield curve control" policy on Tuesday even as it kept broad policy settings unchanged. It is letting 10-year yields move 50 basis points either side of its 0% target, wider than the previous 25 basis point band. On Wednesday, the dollar was 0.2% higher against the yen , having plunged 3.8% in the previous session, its largest one day drop against the Japanese currency in 24 years. I don't think we're going to 150 (yen) anytime soon," Chandler said.

☆ Dollar slips vs euro on upbeat German business morale data
▼ + stars: | 2022-12-19 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

[1/2] Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/IllustrationNEW YORK, Dec 19 (Reuters) - The dollar edged down against the euro as upbeat German business morale data supported the common currency, while a modest improvement in investors' appetite for riskier currencies weighed on the safe-haven dollar. German business morale rose more than expected in December as the outlook for Europe's largest economy improved despite the energy crisis and high inflation, a survey showed on Monday. The euro rose 0.2 % to $ 1.06085 , not far from the six-month high of $1.0737 touched last week. "I think the dollar is generally softer on slightly higher risk-on trading," said John Doyle, vice president of dealing and trading at Monex USA.

☆ Dollar on track for biggest plunge since 2015 as investors exit crowded positions
▼ + stars: | 2022-11-10 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

[1/3] U.S. dollar banknotes are seen in this illustration taken July 17, 2022. The scope of the dollar's moves against many currencies on Thursday has been breathtaking, as investors pull back from what has been seen as an extremely crowded trade in foreign exchange markets. Against a basket of currencies , the dollar was off about 1.9%, on pace for its worst day in nearly seven years. The reversal of these trades could fuel further dollar weakness, analysts said, if further signs of economic softening lead investors to bet on a less hawkish Fed. Daniel Wood, portfolio manager on the emerging markets debt team at William Blair, has increased bets on emerging market currencies rising against the dollar.

British Pound Sterling and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. Deutsche Bank's Currency Volatility Index – the historical volatility index of the major G7 currencies - jumped to a two-and-a-half year high of 13.55 on Monday. While Sterling and the yen have fared extremely poorly against the dollar, the greenback's meteoric rise has spared no major currency. Reuters GraphicsMoves have surprised long-time currency traders and investors. "Our team is working around the clock from multiple global locations," said Kamboj, adding he is not trading sterling because the pound's direction now depends entirely on how the Bank of England reacts.

U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. World stock markets remained on edge and the dollar maintained its firm tone, given expectations that the Fed would maintain its aggressive tightening path to contain uncomfortably high inflation. We do not think the Fed will hike 100 basis points this week, but the potential is still real," he added. The New Zealand dollar fell to its lowest level since May 2020 of US$0.5933, and was last at US$0.5937 . The Canadian dollar fell to its lowest level in almost two years at C$1.3324 per U.S. dollar .

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