Trends - US currency - Business Recorder

Business & Finance

Early trade in New York: Dollar struggles to hold gains

NEW YORK: The US dollar was volatile on Wednesday morning after inflation data showed a surge in consumer prices in...

Published 13 May, 2021 03:10am

Markets

Dollar struggles to hold gains after US reports jump in inflation

"The dollar is really going to struggle to hold onto gains," said Mazen Issa, senior foreign exchange strategist at TD Securities.
"The Fed has made it clear in no uncertain terms that they intend to look through transitory inflation factors and they are not perturbed by these moves," said Issa.

Published 12 May, 2021 07:44pm

Business & Finance

Early trade in New York: Dollar languishes at 10-week lows after weak jobs report

NEW YORK: The dollar held at 2-1/2 month lows on Monday as a weak US employment report spurred investors to ditch ...

Updated 11 May, 2021 10:12am

Business & Finance

Early trade in New York: Dollar falls against basket of currencies

NEW YORK: The dollar fell against a basket of currencies on Monday, ceding some of the ground gained in the previous...

Updated 04 May, 2021 09:51am

Markets

Dollar firms from 7-week lows as risk appetite fades

The euro was down 0.25% at $1.2000, after touching a seven-week high of $1.2079 overnight.

Published 21 Apr, 2021 04:51pm

Markets

Dollar at 2-week low as US yields slip on reduced Fed tightening bets

The risk for interest rates is still on the upside," State Street's Kaida.

Published 07 Apr, 2021 11:29am

Business & Finance

Early trade in New York: Dollar slips against basket of currencies

NEW YORK: The US dollar slipped to a two-week low against a basket of currencies on Tuesday, as traders booked...

Updated 07 Apr, 2021 09:50am

Business & Finance

Dollar largely steady in Asia

TOKYO: The dollar was largely steady on Monday as investors soaked up last week’s strong US employment report and...

Published 06 Apr, 2021 04:23am

Business & Finance

Early trade in New York: Dollar slips, consolidates recent gains

NEW YORK: The dollar fell on Thursday, consolidating recent gains that pushed it to nearly three-year highs during...

Published 02 Apr, 2021 04:58am

Markets

US dollar slips, consolidates recent gains, but outlook still upbeat

Dollar supported by vaccine rollout, growth prospects.
Euro zone factory activity jumps.
French lockdown weighs on euro.
Yen at 1-year low vs dollar.

Published 01 Apr, 2021 09:10pm

Markets

Copper prices slide

LONDON: Copper prices slid on Monday as worries about higher freight costs receded after a container ship blocking...

Published 30 Mar, 2021 05:45am

Business & Finance

Early trade in New York: Dollar edges higher

NEW YORK: The dollar edged higher on Wednesday, helped by US Treasury yields recovering from one-week lows and as...

Published 25 Mar, 2021 05:08am

Markets

Copper dips as stronger dollar offsets supply concerns

LONDON: Copper prices came under pressure on Thursday from a higher dollar and spiking US Treasury bond yields, but...

Published 19 Mar, 2021 05:32am

Markets

Dollar firm amid US yield spike; bitcoin hovers around $60,000

Bitcoin was up about 2% at $60,205.56 after more than doubling in value this year.

Published 15 Mar, 2021 11:25am

Opinion

Dollar snapback may jolt post-pandemic recovery

A pause in the US dollar’s steep downtrend shows signs of morphing into a more robust rebound, posing a threat to...

Published 11 Mar, 2021 05:25am

Business & Finance

Lira rebounds strongly

ISTANBUL: The Turkish lira rallied nearly 2% against the dollar on Tuesday after hitting its weakest since...

Published 10 Mar, 2021 04:59am

Business & Finance

Early trade in New York: Dollar hits 3-1/2 month high

NEW YORK: The US dollar hit a 3-1/2 month high on Monday as elevated US Treasury yields spooked investors and ...

Updated 09 Mar, 2021 09:36am

Business & Finance

Early trade in New York: Dollar gains as US growth seen likely to outperform

NEW YORK: The dollar gained on Wednesday as investors priced for strong US growth relative to other regions, while...

Updated 04 Mar, 2021 09:33am

Markets

Turkish lira weakens 1.5pc against dollar

The lira weakened as far as 7.4540 against the US currency from a close of 7.3425 on Tuesday and stood at 7.4320 at 1400 GMT. After strong gains until mid-February, the lira has retreated back to end-2020 levels.

Published 03 Mar, 2021 07:44pm

Markets

Nigerian naira extends spot losses on dollar scarcity

The Nigerian currency has been weakening on the spot market, widely quoted by foreign investors and exporters.

Published 11 Feb, 2021 07:57pm

Markets

Dollar near two-month highs on relative strength of US recovery

The dollar index has rebounded 1.2% this year after an almost 7% decline in 2020.

Published 03 Feb, 2021 12:49pm

Business & Finance

Swiss franc tumbles in Europe

LONDON: The Swiss franc fell out of recent trading ranges against the dollar on Monday, dropping to its lowest ...

Updated 02 Feb, 2021 09:43am

Markets

Copper under pressure

LONDON: Copper prices came under pressure on Friday from profit-taking on long positions triggered by the higher...

Published 30 Jan, 2021 03:55am

Markets

Russian rouble weakens past 76 vs dollar as US equity sell-off weighs

The rouble would be under pressure from political risk in the run-up to the weekend, but could gain a foothold near 76 to the dollar, Sberbank CIB analysts said in a note.

Published 28 Jan, 2021 01:19pm

Business & Finance

Rebound in risk sentiment pulls sterling up

LONDON: Sterling pulled away from a one-week low against the dollar on Tuesday and also gained ground against the...

Published 27 Jan, 2021 04:59am

Business & Finance

Early trade in New York: Dollar slides against most currencies

NEW YORK: The dollar dropped for a second straight session on Tuesday, with broader risk appetite turning more...

Published 20 Jan, 2021 04:29am

Markets

Australia, NZ dollars resume bull run, bonds outperform

The Australian Office of Financial Management (AOFM) is due to outline its latest borrowing plans on Friday, which could include a syndication of new bond lines.

Published 13 Jan, 2021 11:26am

Markets

South African rand hits two-month low, Naspers lifts stocks

The rand was at 15.5800 versus the dollar, 1.86% weaker than its previous close, and trading at its weakest since Nov. 13.
A stronger US Dollar and a worsening COVID-19 situation in South Africa could see a break above resistance toward the November swing high at 15.7357.

Published 11 Jan, 2021 09:52pm

Markets

Australia, NZ dollars weaker as investors lured away by higher US yields

Yields on three-year paper was little changed at 0.12%, slightly higher than the Reserve Bank of Australia's (RBA) target of 0.10%.

Published 11 Jan, 2021 11:26am

Markets

South Africa's rand weakens ahead of GDP data

At 0615 GMT, the rand traded at 15.1675 versus the dollar, 0.18% weaker than its previous close.

Published 08 Dec, 2020 12:37pm