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☆ Dollar stays bullish on resilient U.S. jobs market
▼ + stars: | 2023-01-06 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

A separate report also revealed that private employment increased by 235,000 jobs last month, far exceeding expectations for a 150,000 increase. Against a basket of currencies, the U.S. dollar index jumped 0.9% to a nearly one-month peak of 105.27 overnight. Against the Japanese yen , the dollar rose 0.6% to hit a one-week top of 134.045 yen overnight, and last bought 133.44 yen. December's flash inflation figures for the euro zone will also be out on Friday, where expectations are for an annual inflation rate of 9.7%. Data from Germany, France and Spain have already showed a slowdown in inflation last month, suggesting that euro zone inflation could come in below expectations.

☆ Hawkish Fed rhetoric fails to lift dollar; Aussie jumps
▼ + stars: | 2023-01-05 | by ( Rae Wee | ) www.reuters.com time to read: +2 min

Yet, that failed to give a boost to the U.S. currency, which slid 1.4% against the Canadian dollar overnight. Sterling was last steady at $1.2062, after rising 0.76% against the dollar in the previous session, while the euro edged 0.19% higher to $1.0624, following a more than 0.5% overnight gain. Against a basket of currencies, the U.S. dollar index fell 0.14% to 104.06, after slipping 0.5% on Wednesday. The Aussie was last steady at $0.6835, while the kiwi rose 0.11% to $0.6298, after gaining 0.7% in the previous session. "The Aussie dollar has obviously benefitted from the coal story," said NAB's Attrill, adding that most other commodity currencies were supported.

☆ German inflation surprise hits brakes on dollar's slide
▼ + stars: | 2023-01-04 | by ( Tom Westbrook | ) www.reuters.com time to read: +2 min

SINGAPORE, Jan 4 (Reuters) - The euro nursed losses on Wednesday and has helped the dollar to make a strong start to 2023, after a surprise slowdown in German inflation rallied bunds and sent the common currency sliding. The euro fell 1% overnight, its sharpest drop in more than two months, and it hovered near three-week lows at $1.0550 early in the Asia session. Along with a nervous mood as U.S. stocks fell, the move gave the dollar a broader boost and stopped a rising yen in its tracks. The jump tapped the brakes on a three-month slide for the index. Headline German CPI fell to an annual 8.6% in December, from 10% the previous month, against expectations for 9.1%.

☆ Dollar stands tall as hawkish ECB fans downturn fears
▼ + stars: | 2022-12-16 | by ( Kevin Buckland | ) www.reuters.com time to read: +2 min

It has been a volatile week for the greenback though, which has it ultimately on track for a 0.47% decline. The dollar climbed as high as 138.18 yen on Thursday for the first time since Nov. 30, ending that day with a 1.68% gain. Sterling , which is also part of the dollar index, gained 0.11% to $1.21945, following a 1.99% tumble the previous day. The Bank of England raised its key interest rate on Thursday as well and indicated more hikes were likely. The New Zealand dollar bounced 0.19% to $0.6353 following a 1.84% tumble on Thursday, when it dipped to $0.6321, also a first since Dec. 7.

☆ Dollar holds firm as China's COVID-related worries weigh
▼ + stars: | 2022-11-29 | by ( Harish Sridharan | ) www.reuters.com time to read: +4 min

The euro , which surged to a five-month peak of $1.0497 overnight, later reversed those gains following a rebound in the U.S. dollar. Against a basket of currencies, the U.S. dollar index was marginally lower by 0.1% at 106.50, after rising 0.5% overnight. The greenback had extended gains after St. Louis Fed President James Bullard said overnight that the Fed needs to raise interest rates quite a bit further. The U.S. central bank is widely expected to hike rates by an additional 50 basis points when it meets on Dec. 13-14. The offshore yuan reversed some of its losses in the previous session and was about 0.4% higher at 7.2136 per dollar.

☆ Dollar holds firm as China's Covid-related worries weigh
▼ + stars: | 2022-11-29 | by ( ) www.cnbc.com time to read: +4 min

☆ Dollar headed for weekly loss as investors brace for slower Fed hikes
▼ + stars: | 2022-11-25 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

The Japanese yen jumped roughly 0.7% overnight, and last bought 138.60 per dollar. Against a basket of currencies, the U.S. dollar index stood at 105.94, testing its three-month trough of 105.30 hit last week. read moreThe euro was 0.06% lower at $1.04045, but remained close to $1.0481, its highest level in over four months hit last week. The kiwi slid 0.19% to $0.6252, but that was not far off its three-month peak hit in the previous session. The New Zealand dollar was headed for a weekly gain of more than 1.5%, aided by the Reserve Bank of New Zealand's 75 bp rate hike earlier in the week and its hawkish rate outlook.

☆ Asian shares recover but concerns over China may resume strict COVID curbs linger
▼ + stars: | 2022-11-22 | by ( Selena Li | Kirsty Needham | ) www.reuters.com time to read: +3 min

HONG KONG, Nov 22 (Reuters) - Asian stock markets mostly recouped early losses on Tuesday, supported by improved sentiment for China shares, but concerns lingered that Beijing may reimpose strict COVID curbs that could cause supply chain disruptions. The biggest driver for the recovery was China, with its benchmark up 0.43%. Losses on Hong Kong's benchmark index (.HSI) narrowed to 0.7%. Gains in China were capped by worsening COVID-19 situation in the country, however. Japan's benchmark Nikkei average (.N225) rose 0.69%, as the yen's weakness against the dollar raised prospects for domestic manufacturers.

☆ Shares and bonds chastened as Fed, ECB urge care
▼ + stars: | 2022-11-14 | by ( Lawrence White | ) www.reuters.com time to read: +5 min

Meanwhile dovish comments from European Central Bank policymaker Fabio Panetta saw European bond yields ease, but short-dated rates remained within striking distance of multi-year highs. Panetta said the ECB needs to avoid overtightening as that could destroy productive capacity and deepen a recession. The benchmark European STOXX index rose 0.26% (.STOXX), and MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.6%, after jumping 7.7% last week. The dollar index was last seen on Monday at 106.86, still well short of last week's 111.280 top , while the euro eased a touch to $1.032 , after climbing 3.9% last week. The firming dollar also dragged down oil prices, despite the hopes of a demand boost from China's hints at reopening.

☆ Shares and bonds chastened as Fed urges caution
▼ + stars: | 2022-11-14 | by ( Lawrence White | ) www.reuters.com time to read: +5 min

The benchmark European STOXX index rose 0.15% (.STOXX), and MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.5%, after jumping 7.7% last week. EYES ON CHINAChinese stocks gained on reports that regulators have asked financial institutions to extend more support to stressed property developers. The support for China's property sector, which consumes a vast amount of metals, boosted copper towards a five-month high. The dollar index was last seen on Monday at 107.15, still well short of last week's 111.280 top , while the euro eased a touch to $1.02875 , after climbing 3.9% last week. The firming dollar also dragged down oil prices, despite the hopes of a demand boost from China's hints at reopening.

☆ Shares mixed on Fed warning, China acts on property
▼ + stars: | 2022-11-14 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

read moreWaller added the markets were well ahead of themselves on just one inflation print, though he did concede the Fed could now start thinking about hiking at a slower pace. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 1.1%, after jumping 7.7% last week. read moreThe news on COVID rules had stoked a short-covering bounce in the yuan, which added to broad pressure on the dollar as yields dived. The dollar index was up a fraction on Monday at 106.920 , but still well short of last week's 111.280 top. Reporting by Wayne Cole; Editing by Shri Navaratnam and Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Asia shares pause as Fed warns against exuberance
▼ + stars: | 2022-11-14 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

read moreWaller added the markets were well ahead of themselves on just one inflation print, though he did concede the Fed could now start thinking about hiking at a slower pace. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.2%, after jumping 7.7% last week. read moreThe news on COVID rules had stoked a short-covering bounce in the yuan last week, which added to broad pressure on the dollar as yields dived. The dollar's recent retreat provided a much-needed fillip to commodities, with gold up at $1,768 an ounce after jumping over $100 last week. Oil futures extended their gains with Brent up 86 cents at $96.85, while U.S. crude rose 80 cents to $89.76 per barrel.

☆ Asia-Pacific markets set to trade mixed after Friday's rally
▼ + stars: | 2022-11-14 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were set to trade mixed on Monday after closing the previous week with a big rally as U.S. consumer prices rose less than expected and China announced some easing of its Covid measures. The Hang Seng index saw the best day since March 16. Despite the number of Covid cases in China surging last week, markets latched onto the "symbolism of the movement, however small," referring to the changes, according to Ray Attrill of National Australia Bank.

☆ Asia shares mixed on Fed warning, China hopes
▼ + stars: | 2022-11-14 | by ( Wayne Cole | ) www.reuters.com time to read: +4 min

read moreWaller added the markets were well ahead of themselves on just one inflation print, though he did concede the Fed could now start thinking about hiking at a slower pace. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) added 0.8%, after jumping 7.7% last week. read moreThe news on COVID rules had stoked a short-covering bounce in the yuan last week, which added to broad pressure on the dollar as yields dived. The euro eased a touch to $1.0324 , after climbing 3.9% last week, while the dollar firmed to 139.27 yen following last week's 5.4% drubbing. The dollar's recent retreat provided a much-needed fillip to commodities, with gold holding at $1,763 an ounce after jumping over $100 last week.

☆ Dollar advances ahead of inflation data; cryptos crumble
▼ + stars: | 2022-11-10 | by ( Rae Wee | Rocky Swift | ) www.reuters.com time to read: +3 min

SINGAPORE, Nov 10 (Reuters) - The dollar regained its footing on Thursday ahead of key U.S. inflation data due later in the day, while cryptocurrencies were fragile after a bailout deal for exchange FTX by its bigger rival Binance collapsed. The euro hobbled just above parity at $1.0016, some distance from its near-two-month high hit earlier in the week. Against a basket of currencies, the U.S. dollar index was firm at 110.30, after rising nearly 0.8% overnight. Just a day earlier, crypto giant Binance had signed a nonbinding agreement to buy FTX's non-U.S. unit to help cover a "liquidity crunch". "I do think there's been a bit of contagion from what's been going on in crypto to the broader markets ....

☆ Asia shares slip, Fed flags higher rates for longer
▼ + stars: | 2022-11-03 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

Investors were initially cheered that the Fed opened the door to a slowdown in the pace of hikes after raising interest rates 75 basis points to 3.75-4.0%, by noting that policy acted with a lag. But Chair Jerome Powell soured the mood by saying it was "very premature" to think about pausing and that the peak for rates would likely be higher than previously expected. Futures were now split on whether the Fed would move by 50 or 75 basis points in December, and nudged up the top for rates to 5.0-5.25% likely by May next year. "Higher for longer" was not what the equity markets wanted to hear and Wall Street fell sharply after Powell's comments. Early Thursday, S&P 500 futures were off another 0.3%, while Nasdaq futures fell 0.2%.

LONDON/TOKYO, Nov 2 (Reuters) - The dollar slipped on Wednesday as investors awaited a Federal Reserve policy decision amid speculation it might indicate a slowdown in future rate hikes. But for the December meeting, the futures market is split on the odds of a 75- or 50-bps increase. The real was 0.1% higher exchanging hands for 5.14 per dollar. YEN JUMPSThe yen , down a whopping 28% against the dollar this year, outperformed on Wednesday, with traders on alert for possible intervention around the Fed meeting. The BOJ also released minutes of its latest policy meeting, with a member saying the bank must be vigilant for an inflation overshoot, possibly caused by yen weakness.

LONDON/TOKYO, Nov 2 (Reuters) - The U.S. dollar slipped on Wednesday as investors awaited for the U.S. Federal Reserve's policy decision amid speculation it might indicate a slowdown in future rate hikes. But for the December meeting, the futures market is split on the odds of a 75- or 50-bps increase. It will be a difficult balance to strike for Powell," said Daria Parkhomenko, FX strategist at RBC Capital Markets. Against the weakening dollar, the euro and sterling edged up to $0.9889 and $1.1494, respectively. YEN JUMPSThe yen , down a whopping 28% against the U.S. dollar this year, outperformed, with traders on alert for possible intervention around the Fed meeting.

☆ Dollar sags as Fed decision looms; yen surges
▼ + stars: | 2022-11-02 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

The yen outperformed, seeing a sudden burst of strength mid-morning Japan time, with traders on alert for possible intervention around the Fed meeting. On Wednesday, the Japanese currency jumped suddenly by about half a yen to 147.4 per dollar. The euro edged up 0.15% to $0.9888, but still close to the previous session's one-week low at $0.98535. Sterling rose 0.17% to $1.1505, but remained not far from Tuesday's one-week low of $1.14365. The Australian dollar was little changed at $0.63945, consolidating near a one-week low.

☆ Asian shares rise on hopes of rate hike slowdown
▼ + stars: | 2022-10-26 | by ( Ankur Banerjee | Deena Beasley | ) www.reuters.com time to read: +4 min

Meanwhile, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 1%, led by a bounce in Hong Kong, while Japan's Nikkei (.N225) rose 1.1% by mid-morning. Three-year Australian government bond futures were knocked from peaks but managed to hold steady for the day at 96.400. Japanese government bonds rallied sharply after the Bank of Japan again said it would increase bond buying operations. Brent crude futures for December dropped $1.17, or 1.3%, to $92.35 a barrel at 0111 GMT, after climbing 26 cents in the previous session. U.S. West Texas Intermediate (WTI) crude futures for December delivery were down 88 cents, or 1%, to $84.44 a barrel.

☆ The jury's out on whether the U.S. dollar has peaked, says National Australia Bank
▼ + stars: | 2022-10-26 | 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 EmailThe jury's out on whether the U.S. dollar has peaked, says National Australia BankRay Attrill of the bank says "we're certainly not prepared to say that a U.S. depreciation trend is now starting to unfold."

☆ Dollar sags as bets build for less hawkish Fed
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: +4 min

The dollar wallowed near a three-week low versus major peers on Wednesday as more signs of economic weakness in the United States fanned speculation about a less hawkish Federal Reserve. The euro also remained near a six-week high, trading less than half a cent from parity with the greenback. The European Central Bank decided policy on Thursday and is widely expected to raise rates by 75 basis points. The dollar reached a 32-year top at 151.94 yen on Friday, but was then beaten back as far as 144.55 amid two bouts of suspected Bank of Japan intervention either side of the weekend. "A further pullback in the U.S. dollar seems to be the Aussie's best chance of sustaining pushes above $0.64.

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence LoSINGAPORE, Oct 24 (Reuters) - The Japanese yen made a thumping 4 yen jump for a second straight session on Monday on suspected early intervention by the Bank of Japan, but struggled to hold its gains against a robust U.S. dollar. "It's blindingly obvious that the BOJ is intervening," said Ray Attrill, head of FX strategy at National Australia Bank in Sydney. "While sub-optimal and unsustainable in the medium term, we think this policy mix could be in place for some time." The Australian dollar was down 0.4% versus the greenback at $0.6370, while the kiwi was up 0.16% on its U.S. peer at $0.576.

☆ Dollar rides Treasury yields higher, yen closes in on key 150 level
▼ + stars: | 2022-10-20 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

SINGAPORE, Oct 20 (Reuters) - The dollar loomed over major peers on Thursday as Treasury yields peaked at multi-year highs, while the yen slid to a fresh 32-year low and kept markets on high alert for any signs of an intervention. The fragile yen hit a fresh trough of 149.98 per dollar, its lowest since August 1990, and last bought 149.975. "Given that Treasury yields have moved decisively above 4%, were it not for the threat of intervention then I think dollar/yen would already be trading north of 150." The benchmark U.S. 10-year Treasury yield rose to 4.154% on Thursday, its highest level since mid-2008, while the two-year Treasury yields touched a 15-year high of 4.582%. "Because central banks misjudged how high inflation would go, they're really still catching up by increasing interest rates significantly, and that's going to cause big problems for the world economy, particularly next year," said CBA's Capurso.

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