Showing posts with the label US Dollar Price Report.

US Dollar Price Report | Thursday, May 12, 2022:

 Source: Dollar slips after CPI data as Fed expectations in check 4 minutes The dollar was lower on Wednesday after economic data showed inflation remained high but was unlikely to lead the Federal Reserve to shift to a more aggressive path of monetary policy. The consumer price index rose 0.3% last month, the smallest gain since August, the Labor Department said on Wednesday, versus the 1.2% month-to-month surge in the CPI in March, the largest advance since September 2005. On an annual basis, CPI climbed 8.3%, higher than the 8.1% estimate but below 8.5% the prior month. The data signaled inflation may have peaked but was unlikely to quickly cool and derail the Fed's current plans to tighten monetary policy. The dollar index , which had touched a four-session low of 103.37 ahead of the report, immediately strengthened to a session high of 104.13 following the data, just below the two-decade hi

Us Dollar Price Report | Tuesday, April 26, 2022:

 Source: Dollar ascends on China Covid fears, Fed rate hike pace 3-4 minutes The dollar climbed to around a two-year high against the euro and an 18-month high versus the pound as fears about the economic impact of China's Covid-19 lockdowns and an aggressive pace of U.S. rate hikes sent investors scrambling for safety. China's offshore yuan was steadier in early trading, however, at 6.5770 per dollar after the People's Bank of China said late on Monday it would cut the amount of foreign exchange banks must hold as reserves. That helped the currency to recover from a year low of 6.609 per dollar on Monday, hurt by fears about China's economic growth. The dollar index , which measures the greenback against six main peers, was at 101.58, after jumping 0.58% on Monday and hitting a two-year peak of 101.86. It has gained 3.3% so far this month, which would be its largest month of gains si

Currencies | US Dollar Exchange Report | Wednesday, April, 13, 2022:

 Source: Investors snap up dollar on hawkish Fed views; yen slumps past 126

US dollar Price Report | Thursday, April 7, 2022:

 Source: Updated; 4hours ago Dollar holds near 2-year highs after Fed aids greenback bulls 2-3 minutes In this photo illustration, US 100 dollar bills seen on an American flag. Igor Golovniov | SOPA Images | LightRocket | Getty Images The dollar hovered near two-year highs against a basket of major currencies on Thursday after meeting minutes showed the Federal Reserve preparing to move aggressively to fight inflation, while commodity currencies fell further from recent peaks. The euro bucked the trend but was near a one-month low below $1.09 as investors await European Central Bank minutes due later. Minutes from the March Fed meeting published on Wednesday showed "many" participants were prepared to raise interest rates in 50-basis-point increments in coming months. They also prepared markets for a reduction in the Fed's balance sheet after the May meeting at a rate of $95 billion per month, the beginning of the r

US Dollar Price Report | Monday, April 4, 2022:

Source: Euro weighed down by talk of fresh Russia sanctions 3-4 minutes The dollar made a firm start to the week as Treasury yields rose with expectations of rapid-fire U.S. interest rate hikes, while talk of Europe banning Russian gas kept a lid on the euro. The euro has been weighed down by worries about economic damage from war in Ukraine and was parked at $1.1009, not too far from last month's almost two-year trough of $1.0806. Germany said on Sunday that the West would agree to impose more sanctions on Russia in the coming days after Ukraine accused Russian forces of war crimes. There seems to be momentum for at least discussing an embargo on energy imports, which would likely come with price pain since Russia supplies some 40% of Europe's gas needs. "Negative news on the war or a further lift in energy prices could see EUR/USD test $1.0800," Commonwealth Bank of Australia

US Dollar Price Report | Friday, March 25, 2022:

 Source: Dollar is flat on Friday to end winning week 3-4 minutes The dollar was flat Friday after back-to-back gains, as traders weighed the latest moves in the commodities space. The U.S. dollar index, which measures the greenback against six peers, hit 98.79, while the euro fell 0.10% to $1.0985. The war in Ukraine and resulting rise in commodity prices has added to already rising inflation. "Everything in these commodity markets, everything is done in dollars so as we see a little bit of a pullback here in commodity prices, that is going to coincide with a little bit of softness for the dollar," said Edward Moya, senior market analyst, at Oanda in New York. "Until we have a major geopolitical development you are probably going to see just choppiness from here on out." Economic data pointed to rising prices and interest rates starting to weigh on economic activity. The National Association of Realtors said on F

US Dollar Price Report | Wednesday, March 23, 2022:

 Source: Dollar flat as Biden carries new sanction plans to Europe March 23, 20224:10 AM GMT-5Last Updated 2 hours ago 3-4 minutes Australian dollars are seen in an illustration photo February 8, 2018. REUTERS/Daniel Munoz LONDON, March 23 (Reuters) - The dollar was flat against major peers on Wednesday as the boost from the U.S. Federal Reserve's aggressive stance early this week faded and investors waited for President Joe Biden to unveil new sanctions against Russia during his trip to Europe. Biden, who heads to Brussels on Wednesday for talks with NATO and European leaders, will push Europe to reduce reliance on Russian oil and gas, and could announce new sanctions on members of the Russian parliament over Moscow's invasion of Ukraine. Oil Prices dipped on Tuesday as the European Union seems unlikely to agree to a ban on Russian oil which would also likely weigh on the euro. "An

US Dollar Price Report I Tuesday, March 22, 2022:

 Source: Yen slides through 120 as U.S. hike path steepens 3 minutes The dollar was buttressed by new bets on U.S. rate hikes on Tuesday, while investors unloaded yen and sent it spearing below the psychological 120 level as the Bank of Japan looks increasingly isolated in its dovish policy stance. The yen fell 0.8% and hit a six-year low of 120.46 in the Tokyo afternoon, having lost more than 4% on the dollar this month as leaping U.S. yields and a deteriorating trade balance suck cash from the world's third-biggest economy. Yen crosses also suffered, with the euro making a five-week high of 132.33, while the Japanese currency slumped to a four-year low on the Aussie and a 6-1/2 year low on the Swiss franc. Japan must maintain ultra-loose monetary policy lest inflation hurt the economy, BOJ Governor Haruhiko Kuroda said on Tuesday — a stark contrast with hawkish overnight comments from Federal Reserve Chair Jerome Powe

US Dollar Price Report I Thursday, March, 17, 2022:

 Source: Dollar dips with U.S. Treasury yields but still up for week; bitcoin falls 7-9 minutes FILE PHOTO: Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration By Caroline Valetkevitch NEW YORK (Reuters) - The dollar declined on Friday, along with U.S. Treasury yields, while investors looked ahead to next week's Federal Reserve meeting for more clarity on the outlook for rate hikes. Expectations that the Fed will tighten monetary policy at a faster pace than previously anticipated had driven a rise in yields and the dollar earlier this week, and the U.S. dollar index was set for biggest weekly percentage gain since mid-December. U.S. Treasury yields fell as stock market declines reflected poor risk appetite, w