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Dollar edges higher after larger-than-expected rise in May payrolls
Date: June 2, 2023
Dollar edges higher after larger-than-expected rise in May payrolls (Updates prices, adds unemployment rate from report in paragraph 3, adds analyst quote in paragraph 7, adds comments from Fed officials in paragraphs 8 and 9, adds FX table) By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar edged higher in choppy trading on Friday after...
Dollar gains against yen as Fed policy, debt ceiling in focus
Date: May 22, 2023
Dollar gains against yen as Fed policy, debt ceiling in focus By Karen Brettell NEW YORK (Reuters) – The dollar rose against the Japanese yen on Monday, holding just below a six-month high, as investors waited on fresh signals on whether the U.S. Federal Reserve is likely to continue hiking interest rates and watched for...
Dollar weakens after gains all week; debt deal hopes boost market sentiment
Date: May 19, 2023
Dollar weakens after gains all week; debt deal hopes boost market sentiment By Amanda Cooper and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – The dollar fell on Friday after posting gains for most of the week, as optimism over a breakthrough in U.S. debt ceiling talks boosted risk sentiment and spurred buying of currencies that benefit...
Wall Street gains, dollar climbs on solid data, debt ceiling progress
Date: May 18, 2023
Wall Street gains, dollar climbs on solid data, debt ceiling progress By Stephen Culp NEW YORK (Reuters) -Wall Street turned higher and the dollar reached a seven-week peak on Thursday as discount retail giant Walmart Inc raised its sales outlook and strong economic data calmed recession fears. Investors also appeared to take heart from signs...
Platinum facing biggest deficit in years as carmakers snap up metal
Date: May 16, 2023
LONDON (Reuters) – Rising demand from automakers, industry and investors will push the global platinum market into its biggest deficit in years, three industry reports predicted on Monday. The reports underline an emerging change in fortunes for platinum and its sister metal palladium, both used chiefly in vehicle exhausts to neutralise harmful engine emissions. For...
U.S. dollar struggles, pound hits one-year high
Date: May 8, 2023
By Laura Matthews and Alun John NEW YORK/LONDON (Reuters) – The dollar remained relatively weaker against most of its major peers on Monday, as traders wait for the Federal Reserve to acknowledge an end to its hiking cycle while trying to hedge the risk of potential recession. The dollar index, which measures the currency against...