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☆ Dollar edges lower; on track for second straight monthly loss
▼ + stars: | 2023-04-24 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The U.S. dollar dipped against most major currencies in early Asia trade, with the euro and sterling rising 0.05% to $1.0994 and 0.02% to $1.2447, respectively. "There's nothing, as yet, to hang your hat on rate cuts in the second half of the year." Elsewhere, the kiwi gained 0.07% to $0.6143, while the U.S. dollar index slipped 0.02% to 101.66. The index was eyeing a monthly loss of close to 0.9%, having fallen more than 2% in March. In Asia, the Bank of Japan's policy meeting this week takes centre stage, as it marks the first meeting to be chaired by new BOJ Governor Kazuo Ueda.

TOKYO, April 19 (Reuters) - Data showing British inflation stayed above 10% in March meant the pound climbed against the dollar while other currencies dipped, with the greenback underpinned by a tick-up in U.S. yields. Sterling was last 0.25% higher at $1.2454, heading back to last week's 10-month high, after data showed British consumer price inflation eased by less than expected in March to 10.1% from February's 10.4%. However, he added: "With the Fed expected to hike in May and the ECB to hike by more over the coming months, the positive impetus from this data for the pound will likely be contained." Expectations for higher official rates in a market relative to those elsewhere typically drag money market and government bond yields higher, attracting cash into a country while boosting its currency. "It's the volatility in the bond market that's driving the dollar, not the other way round."

☆ Dollar regains footing as yields rise, Fed outlook weighed
▼ + stars: | 2023-04-19 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

The dollar index , which gauges the greenback against six major peers, ticked up 0.09% to 101.81 in Asian trading, following a 0.36% slide on Tuesday that reversed the 0.54% rally of the session before. The dollar-yen pair, which tends to track U.S. yields, added 0.19% to 134.35 yen per dollar , recovering from a 0.29% retreat on Tuesday. "It's the volatility in the bond market that's driving the dollar, not the other way round." The dollar index last year culminated a breathless 16-month surge by hitting a two-decade high of 114.78 at the end of September, which was followed by a steep, steady retreat until the start of February. However, bank earnings from recent days have proved robust overall, and bond yields have recovered strongly from multi-month lows reached last month.

☆ Dollar regains footing amid higher yields as Fed outlook weighed
▼ + stars: | 2023-04-19 | by ( ) www.cnbc.com time to read: +2 min

The dollar steadied on Wednesday after it seesawed with bond market volatility as investors scrutinized U.S. economic indicators, Federal Reserve commentary and corporate earnings for clues about the path for interest rates. The dollar index — which gauges the greenback against six major peers — ticked up 0.11% to 101.83 in Asian trading, following a 0.36% slide on Tuesday that reversed the 0.54% rally of the session before. U.S. two-year Treasury yields , which are extremely sensitive to Fed expectations, reached an almost one-month high of 4.231% overnight, and remained elevated in Tokyo trading on Wednesday. "It's the volatility in the bond market that's driving the dollar, not the other way round." The Aussie eased 0.06% to $0.67245 on Wednesday, following a 0.41% rally in the prior session.

☆ Dollar set for longest stretch of weekly losses since 2020
▼ + stars: | 2023-04-14 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

The dollar index , which measures the performance of the U.S. currency against six others, slid to a roughly one-year low of 100.78. This would mark a fifth straight weekly loss, the longest such stretch since July 2020. Out of the G10 currencies, investors hold the largest bearish position in the dollar against the euro. The New Zealand dollar rose 0.1% to $0.63035, after jumping 1.3% on Thursday. The Japanese yen rose marginally, leaving the dollar 0.2% down on the day at 132.27, while the offshore yuan rose 0.4% to 6.8463 per dollar.

☆ Dollar sinks to one-year low as cooling inflation raises Fed pause expectation
▼ + stars: | 2023-04-14 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

[1/2] Dollar banknotes are seen through a printed stock graph in this illustration taken February 7, 2018. The greenback took another leg down on Friday and the U.S dollar index , which measures the currency against six major peers, slid to a roughly one-year low of 100.78. Meanwhile, the euro rose to a fresh one-year top of $1.1075, pushing past its previous high from Thursday. The New Zealand dollar similarly gained 0.19% to $0.6309, after jumping 1.3% on Thursday. Elsewhere in Asia, Japan's yen rose marginally to 132.47 per dollar, while the offshore yuan gained more than 0.5% to 6.8327 per dollar.

☆ Dollar slides to one-year low as cooling inflation raises Fed pause expectation
▼ + stars: | 2023-04-14 | by ( ) www.cnbc.com time to read: +3 min

In this photo illustration, 100 U.S. dollar notes and 100 yuan notes are displayed. The greenback took another leg down on Friday and the U.S dollar index , which measures the currency against six major peers, tumbled to a roughly one-year low of 100.78. Meanwhile, the euro rose to a fresh one-year top of $1.1075, pushing past Thursday's previous high. The New Zealand dollar similarly gained 0.21% to $0.6310, after jumping 1.3% on Thursday. Elsewhere in Asia, Japan's yen rose more than 0.1% to 132.39 per dollar, while the offshore yuan gained 0.3% to 6.8495 per dollar.

The slew of soft economic data has added to fears of an impending recession in the world's largest economy, putting a lid on risk appetite and sending traders in search of some safe haven assets. The U.S. dollar index was up 0.1% at 101.95, having slid to a two-month trough of 101.40 in the previous session. The Japanese yen also found some support from safe haven bids and was last roughly 0.2% higher at 131.01 per dollar. "Weak economic data continues to weigh in on investor sentiment, triggering a flight-to-safety bid," analysts at Westpac said in a note to clients. The soft data sent U.S. shares lower on Wednesday STX/ while Treasuries advanced, which saw the benchmark 10-year yield falling to its lowest since September .

☆ British pound and Japanese yen are the 'standout' weak currencies, says National Australia Bank
▼ + stars: | 2023-04-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBritish pound and Japanese yen are the 'standout' weak currencies, says National Australia BankRay Attrill of the bank says the British pound and Japanese yen will have the most upside potential compared with other Group of 10 currencies if the U.S. dollar continues to head south.

☆ Dollar soothed by uneasy market calm
▼ + stars: | 2023-03-29 | by ( Alun John | ) www.reuters.com time to read: +3 min

The dollar index , which tracks the currency against six peers, was flat at 102.42, giving up small gains of up to 0.3% in the European morning. It has fallen for the past two sessions, and is set for a 2.1% monthly fall, a victim of the market ructions induced by problems in the banking industry. "We have returned to a sense of calm right now, but I don't think it's all over. The dollar touched a one-week high on the yen and was last up 0.7% to 131.85 yen , while the euro gained 0.7% against the yen to 143. The dollar had dropped 0.5% against the yen the previous day, when it uncharacteristically moved in the opposite direction to long-term U.S. Treasury yields, which have been rising as calm returns to markets.

The dollar index , which tracks the currency against six peers, gained 0.15% to 102.64. It has fallen for the past two sessions, and is set for a 2.1% monthly fall, a victim of the market ructions induced by problems in the banking industry. The dollar touched a one week high and was last up 0.8% to 131.99 yen , while the euro gained 0.6% against the yen to 142.9. The dollar had dropped 0.5% against the yen the previous day, when it uncharacteristically moved in the opposite direction to long-term U.S. Treasury yields, which have been rising as calm returns to markets. Reporting by Kevin Buckland; Editing by Shri Navaratnam, Jamie Freed and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

☆ Safe-haven dollar sluggish as banking fears ebb; yen drops
▼ + stars: | 2023-03-29 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

The dollar index , which tracks the currency against six major peers, edged 0.08% higher to 102.57 in Asian trading, following drops of about 0.3% in each of the past two sessions. The weakness comes despite a rise in U.S. Treasury yields, also the result of ebbing demand for the safest assets. The yen remained volatile in the run-up to the end of the Japanese fiscal year on Friday. The dollar jumped 0.59% to 131.68 yen , and touched a one-week high of 131.80. The yen had dropped 0.5% the previous day, when it uncharacteristically moved in the opposite direction with long-term U.S. Treasury yields.

☆ Safe-haven yen regains footing as caution builds over bank contagion
▼ + stars: | 2023-03-20 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

New Zealand's kiwi was 0.3% lower at $0.6250, giving up an earlier gain of as much as 0.7%. Over the weekend, the Federal Reserve, European Central Bank, Bank of England, Swiss National Bank, Bank of Canada and Bank of Japan announced joint action to enhance market liquidity. "I'm not so pessimistic, but still we have to wait and see how much we will see risk contagion from Europe," he said. The yen last traded at 131.79 per dollar , keeping intact a 2.5% gain from last week. The euro was about flat at $1.0671 and sterling was little changed at $1.2189, both erasing earlier small gains.

☆ Yen drops, dollar on defensive as central banks seek to reassure markets
▼ + stars: | 2023-03-20 | by ( ) www.cnbc.com time to read: +2 min

Currency markets showed some cautious optimism after global authorities moved to stem contagion from a simmering banking crisis, with the safe haven dollar on the back foot and the yen tumbling amid a rebound in Treasury yields. The risk-sensitive Australian dollar jumped to a two-week high, while the euro edged higher for a third straight day. Over the weekend, the Federal Reserve, European Central Bank, Bank of England, Swiss National Bank, Bank of Canada and Bank of Japan announced joint action to enhance market liquidity. The Australian dollar climbed 0.3% to $0.6721, and earlier touched $0.6743 for the first time since March 7. Although the banking system is the currency markets' most immediate focus, a Fed rate-setting meeting on Wednesday looms large.

The dollar index , which measures the currency against a basket of peers, was flat at 104.64, but was still set for a February gain of 2.6%, its first monthly increase since September. The next move in the dollar is really a function of how the February data starts to play out in March," Atrill said. U.S. Treasury yields have also moved higher with the inflation sensitive two-year yield back at three-and- a-half-month highs. [US/}The dollar on Tuesday gained particularly against the Japanese yen , climbing 0.44% to 136.84, its highest in over two months. ,Elsewhere, sterling built on its gains from the previous session against the dollar, rising 0.2% to $1.2082.

☆ Sterling holds gains after rising on UK trade deal with EU
▼ + stars: | 2023-02-28 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

SINGAPORE, Feb 28 (Reuters) - The pound held steady on Tuesday, retaining gains overnight after Britain struck a new trade deal with the European Union, which brightened the outlook for the post-Brexit UK economy and signalled improved relations between London and the bloc. The dollar was mostly flat in early trade but was on track to end higher for the month, ending a four-month losing streak. The euro similarly got a lift and was last 0.05% higher at $1.0614, after rising 0.6% on Monday. The British parliament will now vote on the deal, with the opposition Labour Party saying it will vote in favour. "The real thing is, is this a springboard for a stronger, much improved removal of trade frictions more generally, between the UK and the EU?"

☆ Dollar plunges as Fed says disinflation now in play
▼ + stars: | 2023-02-02 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The dollar dived following Powell's remarks, and against a basket of currencies, the U.S. dollar index fell to a fresh nine-month low of 100.80. Against the Japanese yen , the dollar fell 0.55% to 128.21. With the Fed out of the way, the stage is set for the European Central Bank (ECB) and the Bank of England (BoE) to announce their rate decisions later on Thursday, where expectations are for a 50bp hike from each. "I don't think that's going to influence the messaging from the ECB, which I think is still going to be that (they've) got a lot to do," Attrill said. Markets are now expecting the Fed funds rate to peak just under 4.9% by June, compared with earlier expectations of a peak of just below 5%.

☆ Dollar stuck near nine-month low vs euro as yen bounces
▼ + stars: | 2023-01-24 | by ( Amanda Cooper | ) www.reuters.com time to read: +3 min

LONDON, Jan 24 (Reuters) - The dollar hovered near a nine-month low against the euro and surrendered recent gains against the yen on Tuesday, as traders weighed the risks of a U.S. recession against the outlook for Federal Reserve monetary policy. Euro zone data on Tuesday reinforced the view that the economy is surviving a winter of intense price pressures reasonably well, analysts said. "That's integral to our bearish U.S. dollar view, that the U.S. is not going to be the global growth leader." Elsewhere, the dollar fell 0.4% to 130.18 yen , breaking a two-day rally. Last week, the dollar fell as low as 127.215 yen, its weakest since May, before a Bank of Japan policy review as investors bet the BOJ would begin to end its stimulus programme.

☆ Dollar in doldrums as euro near 9-month peak, yen bounces
▼ + stars: | 2023-01-24 | by ( ) www.cnbc.com time to read: +1 min

U.S. dollar banknotes are seen in Chicago on October 18, 2022. Europe's single currency was buoyed on Monday by comments from European Central Bank officials pointing to aggressive policy tightening. The U.S. dollar index — which measures the greenback against a basket of six peers, including the euro and yen — slipped 0.09% to 101.92, heading back towards the 7½-month low of 101.51 reached on Wednesday. The euro EUR added 0.08% to $1.0879, taking it closer to Monday's peak of $1.0927, the strongest since April. "That's integral to our bearish U.S. dollar view, that the U.S. is not going to be the global growth leader."

The euro reached as high as $1.0927 , breaking the recent peak of $1.08875, to trade at its highest level since April last year. The single currency was aided by European Central Bank (ECB) governing council members Klaas Knot and Peter Kazimir, who both advocated for two more 50 basis point hikes at meetings in February and March. A Reuters survey of analysts also favoured hikes of 50 basis points at the next two meetings and an eventual rate peak of 3.25%, from the current rate of 2%. Investors also have around 50 basis points of U.S. rate cuts priced in for the second half of the year, reflecting softer data on inflation, consumer spending and housing. The pound rose as high as $1.24475 , its highest in seven months, before turning 0.3% lower to $1.2355.

The euro reached as high as $1.0927 , breaking the recent peak of $1.08875, to trade at its highest level since April last year. It was aided by European Central Bank (ECB) governing council member Klaas Knot, who said interest rates would rise by 50 basis points in both February and March and continue climbing in the months after. A Reuters survey of analysts also favoured a hike of 50 basis points in March and an eventual top of 3.25% from the current rate of 2%. "Layered on top of that, it looks as if the ECB are going to carry on hiking interest rates fairly aggressively," Foley added. Investors also have around 50 basis points of U.S. rate cuts priced in for the second half of the year, reflecting softer data on inflation, consumer spending and housing.

☆ Euro clears 9-month peak as ECB hawks let fly
▼ + stars: | 2023-01-23 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

The euro reached as far as $1.0903 , breaking the recent peak of $1.08875 and opening the way to a spike top from last April at $1.0936. It was aided by European Central Bank (ECB) governing council member Klaas Knot, who said interest rates would rise by 50 basis points in both February and March and continue climbing in the months after. A Reuters survey of analysts also favoured a hike of 50 basis points in March and an eventual top of 3.25%. Investors also have around 50 basis points of U.S. rate cuts priced in for the second half of the year, reflecting softer data on inflation, consumer spending and housing. read moreAny hint the replacement is less dovish than current governor Haruhiko Kuroda could see the yen climb anew.

☆ Euro nears nine-month peak as ECB hawks let fly
▼ + stars: | 2023-01-23 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

The euro crept ahead to $1.0870 and nearer its recent nine-month peak of $1.08875. It was aided by European Central Bank (ECB) governing council member Klaas Knot, who said interest rates would rise by 50 basis points in both February and March and continue climbing in the months after. Much the same argument goes for sterling, with markets wagering the Bank of England will hike by half a point to 4.0% at its policy meeting next week. Analysts assume the BOJ will stand the line until at least the next policy meeting in March, though one hurdle will be the expected naming of a new BOJ governor in February. For now, the dollar was holding at 129.40 yen , following last week's wild gyrations between 127.22 and 131.58.

☆ Yen jumps on hopes of BOJ policy shift; dollar slides to seven-month low
▼ + stars: | 2023-01-16 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Similarly, the euro hit a fresh nine-month top of $1.0874, and was last 0.23% higher at $1.08565. "The confirmation of a deceleration in price pressures is building up hopes that CPI could fall further in coming months," said analysts at OCBC. The yen jumped roughly 0.5% to a high of 127.215 per dollar, and last bought 127.67 per dollar. Elsewhere, the British pound was last 0.23% higher at $1.2262, after earlier hitting a one-month peak of $1.2288. The kiwi rose 0.34% to $0.64065, having also touched a one-month top of $0.64255 earlier in the session.

☆ Yen tests seven-month high ahead of BOJ policy decision; dollar wobbles
▼ + stars: | 2023-01-16 | by ( Rae Wee | ) www.reuters.com time to read: +2 min

SINGAPORE, Jan 16 (Reuters) - The Japanese yen held near an over seven-month peak on Monday, as traders, in the lead up to the Bank of Japan's monetary policy decision this week, ramped up bets that the central bank could make further tweaks to its yield control policy. The yen was last 0.1% lower at 128.01 per dollar, having surged to 127.46 per dollar on Friday, its highest since May last year. Markets have been pressing for the BOJ to shift away from its ultra-easy monetary policy, which on Friday caused the yield on Japan's benchmark 10-year government bonds to breach the central bank's new ceiling. With the BOJ due to announce its monetary policy decision on Wednesday, expectations are for further tweaks to its yield control policy or a full abandonment of it. Against a basket of currencies, the U.S. dollar index fell 0.13% to 102.13, languishing near Friday's seven-month low of 101.97.

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