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US dollar index

Sterling slightly up versus dollar

Sterling slightly up versus dollar

LONDON: Sterling was slightly higher against the dollar on Tuesday after Purchasing Managers’ index (PMI) data ...
Published 24 Aug, 2022 05:08am
Dollar struggles to hold gains after US reports jump in inflation
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
Dollar ticks up on month-end profit taking
Markets

Dollar ticks up on month-end profit taking

  • The dollar index was set to end the week flat, although still down 2.56% for the month as a whole.
  • Higher 0.2% on the day by midday in London, it had been on track for a four-week losing streak during Asian trading, which would have been the longest fall since a six-week slide to the end of last July.
Published 30 Apr, 2021 06:33pm
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