Trends - USA forex market - Business Recorder

Markets

Dollar steady as traders await Fed announcement

US dollar index about flat on day.
Sterling ticks higher on surprise inflation surge.

Published 16 Jun, 2021 08:21pm

Markets

Dollar edges higher after US inflation data as traders await Fed meet

Traders watching for clues on timing of Fed tapering.
Bitcoin lingers above $40,000 level.

Published 15 Jun, 2021 08:46pm

Markets

Dollar inches lower as focus turns to upcoming data, ECB meeting

US dollar index edge down.
Dollar seen vulnerable to inflation surprises on either side.
Bank of Canada leaves rates unchanged.

Published 09 Jun, 2021 08:24pm

Markets

FX volatility at Feb 2020 lows with dollar gaining slightly

FX volatility index falls to Feb 2020 levels.
Euro lower ahead of ECB meeting on Thursday.
Traders wait for policy cues before making new bets.

Published 08 Jun, 2021 08:01pm

Markets

Dollar dips slightly as investors wait on the sidelines

Dollar index edges down.
US CPI and ECB meeting on Thursday in focus.

Published 07 Jun, 2021 08:18pm

Markets

Dollar falls from three-week high after US jobs data

May US non-farms payrolls increased by 559,000 jobs.
Consensus forecast was for 650,000 new jobs.
Cryptocurrencies slip after Musk tweet.

Published 04 Jun, 2021 08:35pm

Markets

Dollar lifted by strong US data

US jobless claims, private payrolls better than expected.
Russia to remove US dollar assets from National Wealth Fund.

Published 03 Jun, 2021 08:51pm

Markets

Dollar index headed toward biggest weekly gain since April

Dollar index continues rise from 4-1/2 month lows.
Dollar reaches seven-week high of 110 yen.
Euro and sterling fall vs dollar.
Yuan steady near 6.37 to dollar.

Published 28 May, 2021 08:44pm

Markets

Dollar index steady as markets seek clues to interest rate moves

Dollar index steady ahead of Friday inflation data.
Sterling gets lift on comments on rate hike timing.
Chinese yuan rally holds.

Published 27 May, 2021 08:10pm

Markets

Dollar falls to early January lows; yuan rally gets noticed

Dollar index back below 90; euro above $1.22.
Chinese yuan gains to 6.40 to dollar, state banks intervene.
Interest rate trajectories drawing attention.

Published 25 May, 2021 08:31pm

Markets

Dollar higher on upbeat US manufacturing data; weekly loss on cards

The dollar index, measuring the greenback against a basket of six currencies, was 0.27% higher at 90.036. The index hit a four-month low earlier in the session.
"We continue to expect the USD to remain soft while US yields remain contained," Osborne said.

Published 21 May, 2021 08:42pm

Markets

Dollar essentially unchanged as Treasury yields hold steady

Dollar inches higher, commodity currencies drop.
Yuan falls after mixed Chinese data.

Published 17 May, 2021 08:34pm

Markets

Dollar slides to more than two-month low after big US jobs miss

Nonfarm payrolls rose by 266,000 jobs vs forecast of 978,000.
Dollar down broadly.
MSCI EM currency index hits record high.

Published 07 May, 2021 08:39pm

Markets

Dollar steady before US jobs data; EM currency index hits record high

Dollar index at one-week low.
Sterling up 0.2% vs dollar.
MSCI EM currency index hits record high.

Published 07 May, 2021 05:22pm

Markets

Dollar falls as risk appetite improves, sterling dips on BoE

Greenback at lowest in three days.
Aussie dollar falls overnight.
Canadian dollar at 3-1/2-year high.

Published 06 May, 2021 08:45pm

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

Markets

Dollar advances after US data, but on track for largest monthly fall since July

Robust US data helps dollar.
Investors taking profits in short dollar bets.

Published 30 Apr, 2021 08:11pm

Markets

Dollar sluggishness persists after strong US GDP data

Strong GDP does little to boost dollar.
Fed's Powell quashes tapering talk, Biden touts spending.
CAD lifted to three-year high.

Published 29 Apr, 2021 08:22pm

Markets

US dollar rises, trades in ranges, ahead of Fed decision

Fed seen sticking to dovish stance.
Dollar/yen keeps gains.

Published 28 Apr, 2021 07:58pm

Markets

Dollar falls as US yields languish, euro gets boost from survey

Dollar falls back to early March lows.
Euro rebounds after upbeat purchasing manager data.
US yields languish as Fed meeting next week comes into focus.
Biden tax plan hammers cryptocurrencies.

Published 23 Apr, 2021 08:30pm

Markets

Dollar steadies near seven-week lows as interest rates hold

Dollar firms after dipping to lowest since March 3.
Euro strengthens.
British pound tests $1.40, then eases.

Published 20 Apr, 2021 08:20pm

Markets

Dollar slips to 4-week low hurt by recent retreat in yields

Greenback set for 0.7% drop this week.
US says Vietnam, Switzerland and Taiwan violate currency thresholds.

Published 16 Apr, 2021 08:18pm

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

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

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

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

Markets

Dollar edges higher as data helps lift Treasury yields

Dollar index on pace for worst weekly decline this year.
Sterling steadies after losing week.

Published 09 Apr, 2021 08:17pm

Markets

Dollar at two-week low after US weekly jobless claims rise unexpectedly

Treasury yields retreat after US jobless data.
Pound stems losses vs. USD after hard profit-taking hit.

Published 08 Apr, 2021 09:06pm

Markets

Dollar hovers above two-week lows

Fed minutes offer no new catalysts to lift greenback.
Higher US stocks sap demand for dollar as a haven.

Published 08 Apr, 2021 05:39pm

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