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FX strategy

Dollar dips after Fed rally, Bitcoin slumps

Dollar dips after Fed rally, Bitcoin slumps

  • The dollar index against a basket of currencies was last down 0.26% on the day at 92.013. The euro gained 0.27% to $1.1901 and the greenback gained 0.05% to 110.30 Japanese yen.
  • The British pound gained 0.69% to $1.3885.
Published 21 Jun, 2021 08:33pm
Sterling steadies
Business & Finance

Sterling steadies

LONDON: Sterling steadied after a weaker start on Tuesday, lacking momentum as investors waited for more concrete...
Updated 28 Apr, 2021 10:04am
Dollar at three-week lows as Treasury yields subdued
Markets

Dollar at three-week lows as Treasury yields subdued

  • "Until the bond market gets the heebie-jeebies over the inflation fears again I think the long dollar position remains under assault," he said.
  • Treasury yields have also fallen this week after the Treasury Department saw solid demand for new sales of three-, 10- and 30-year debt on Monday and Tuesday.
Published 14 Apr, 2021 08:18pm
Dollar steadies after week of falls
Markets

Dollar steadies after week of falls

  • The dollar is on track for a nearly 1% weekly fall against a basket of major currencies, although it edged up a fifth of a percent on the day.
  • The euro and yen are poised for their largest weekly percentage gains of the year versus the dollar, up around 1.2% and 0.9% respectively.
Updated 09 Apr, 2021 05:08pm
Sterling reaches two-week high vs euro on BoE governor's cautious optimism
Markets

Sterling reaches two-week high vs euro on BoE governor's cautious optimism

  • More than 22 million people have had the first dose of a COVID-19 vaccine in the UK. Traders expect the swift inoculation programme will help the economy rebound from its biggest contraction in 300 years.
  • In early London trading, the pound rose to a two-week high against the euro at 85.57 pence. It was flat at 85.76 pence at 1227 GMT.
Updated 09 Mar, 2021 09:33pm
Dollar steadies after US jobs-related losses
Markets

Dollar steadies after US jobs-related losses

  • Dollar index little changed after Friday payrolls fall.
  • Jobs data takes shine off dollar rebound.
  • Ethereum gains on futures debut.
  • Bitcoin hits record high after Tesla purchase.
Published 08 Feb, 2021 09:42pm