Key Points
LONDON/SYDNEY (Reuters) The dollar held steady against the euro on Tuesday as investors looked towards the European Central Banks rate decision and U.S. jobs numbers later in the week...
Bitcoin neared a record high as the latest bout of crypto-mania showed no signs of dimming, while Chinas yuan was little changed after Beijing laid down an ambitious economic growth target of around 5% for 2024, as widely expected...
Currencies appeared hamstrung in a very busy week of political and economic events, with the euro idling at $1.085, having earlier tested resistance around $1.0867...
Markets have kind of settled into an equilibrium, especially in the rates space, said Alvin Tan, head of Asia FX strategy at RBC Capital Markets, referring to high levels of correlation in global bond markets, which has reduced the opportunities for currencies to move...
Markets currently imply around a 65% chance the Fed will start cutting U.S. rates in June and expect the central bank to ease by around 75 basis points this year...
You might be interested in
Dollar dips on growing bets Fed rate hikes are over
07, Nov, 23By Karen Brettell NEW YORK (Reuters) - The U.S. dollar fell to an almost eight-week low against the euro on Monday on growing confidence that the Federal Reserve is done hiking interest rates, while
Dollar index set for first weekly fall this year
23, Feb, 24By Karen Brettell NEW YORK (Reuters) - The U.S. dollar index was on track for its first weekly fall in 2024 on Friday as investors took a breather from buying the currency following an almost
Dollar headed for second weekly gain as rate cut optimism cools
19, Jan, 24By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) -The dollar was on track to rise for a second straight week on Friday as signs of resilience in the U.S. economy and pushback from
Global stocks steady before busy week, China skips rate cut
15, Jan, 24By Harry Robertson and Wayne Cole LONDON/SYDNEY (Reuters) -Global stocks held steady on Monday, with U.S. markets closed for a holiday, while Chinese equities fell slightly after the country's central
Dollar falls to 2-1/2 month low on Fed expectations, yen strengthens
21, Nov, 23By Chuck Mikolajczak NEW YORK (Reuters) -The dollar index fell to its lowest in more than two months on Monday, continuing a drop from the prior week, as investors largely believe the U.S. Federal
Dollar edges up versus euro ahead of ECB and US data
05, Mar, 24By Saqib Iqbal Ahmed NEW YORK (Reuters) - The dollar edged up against the euro on Tuesday as investors braced for a busy week that includes a European Central Bank rate decision, congressional
Dollar edges lower, index on track for worst year since 2020
26, Dec, 23By Karen Brettell NEW YORK (Reuters) - The dollar index edged lower on Tuesday as investors waited on fresh clues to when the Federal Reserve is likely to begin cutting interest rates as inflation
Dollar edges down before comments from Fed's Powell
09, Nov, 23By Karen Brettell NEW YORK (Reuters) - The dollar edged lower on Thursday before a speech by Federal Reserve Chairman Jerome Powell, with markets focused on whether he will push back against last week
Dollar holds tight as Fed rate cut bets strengthen
04, Dec, 23By Brigid Riley TOKYO (Reuters) -The dollar struggled to regain some footing on Monday as markets took stock of cautious remarks from Federal Reserve Chair Jerome Powell and awaited a key employment