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USA forex market

Dollar eases off of two-week high following soft US data
Markets

Dollar eases off of two-week high following soft US data

  • In the US services industry, activity eased in April from a record level in March, likely due to shortages of inputs amid a burst of demand, data from the Institute for Supply Management showed.
  • The dollar index, which measures the greenback against a basket of peer currencies, was last at 91.262 after rising as high as 91.436 earlier in the session, its highest since April 19.
Published 05 May, 2021 08:59pm
Dollar edges higher on strong data, despite lower yields
Markets

Dollar edges higher on strong data, despite lower yields

  • Retail sales increased 9.8% last month, the Commerce Department said on Thursday, beating economists' expectations for a 5.9% increase.
  • The dollar index earlier on Thursday hit a one-month low of 91.487, before rebounding to 91.633, up 0.03% on the day.
Published 15 Apr, 2021 08:02pm
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 drops to three-week lows after inflation data
Markets

Dollar drops to three-week lows after inflation data

  • The consumer price index jumped 0.6% last month, the largest gain since August 2012, after rising 0.4% in February, the Labor Department said on Tuesday. Excluding the volatile food and energy components, the CPI rose 0.3%. The so-called core CPI nudged up 0.1% in February.
  • The dollar briefly spiked on the data, before reversing course and dipping to three-week lows. Treasury yields also fell after the data.
Published 13 Apr, 2021 08:38pm
Dollar dips before inflation data, Treasury supply
Markets

Dollar dips before inflation data, Treasury supply

  • The dollar's performance has been tied to US Treasury yields for most of 2021, after concern about rising inflation in the United States and a stimulus-fuelled economic rebound triggered a jump in Treasury yields.
  • The dollar index was last down 0.11% against a basket of currencies at 92.108. It is holding above a three-week low of 91.995 reached on Thursday.
Published 12 Apr, 2021 08:50pm
Dollar dips to one-week lows as stocks hit records
Markets

Dollar dips to one-week lows as stocks hit records

  • The greenback has generally risen at the same time as stocks gain. Investors are now watching to see if that relationship continues as it may indicate a shift in how the currency responds to improving risk appetite.
  • "The trickiest thing for markets right now is to figure out what the dollar's sensitivity is to good US economic news," said Erik Nelson, a macro strategist at Wells Fargo in New York.
Published 05 Apr, 2021 07:49pm