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TradingDollar Slips as Global Growth Worries Fester
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Dollar Gains, Stocks Retreat as Inflation Jitters Return
Date: May 18, 2022
By Herbert Lash and Tommy Wilkes NEW YORK/LONDON (Reuters) -The dollar strengthened and global stocks retreated on Wednesday as concerns about economic growth and rising inflation soured sentiment, underscored by a 9% surge in British consumer prices and a greater-than-expected price acceleration in Canada. British inflation surged to its highest annual rate since 1982 as...
Stocks Suffer Renewed Slide on Growth Fears, Dollar Extends Rally
Date: May 9, 2022
By Tommy Wilkes LONDON (Reuters) – Stocks fell heavily again on Monday and the dollar rocketed to a new two-decade high as worries about higher interest rates and a tightened lockdown in Shanghai deepened investors’ fears that the global economy is rapidly heading for a slowdown. After a bruising session on Friday in which U.S....
U.S. Rate Outlook Hits Stocks, Propels Dollar to 20-year Highs
Date: May 6, 2022
By Carolyn Cohn LONDON (Reuters) – U.S. stock futures were indicating a lower open on Friday following a slide in the previous session on U.S. rate hike expectations, though the rate outlook briefly drove the dollar to its highest in 20 years. Asian stocks fell on worries about the hit to growth from China’s zero-COVID...
Dollar Index Slips From 20-year High, Fed Rate Path in Focus
Date: May 6, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar slipped against a basket of currencies on Friday after two volatile days as investors focused on how aggressive the Federal Reserve will be in hiking rates as it tackles rising inflation. The dollar index hit a 20-year high overnight on safe haven demand, following a sharp...
Stocks Slide, Dollar Holds Ground as U.S. Rate Hike Looms
Date: May 2, 2022
By Danilo Masoni MILAN (Reuters) – Shares fell and the dollar held near highs in holiday-thinned trading on Monday, as concerns about economic growth lingered ahead of an expected U.S. rate hike this week and after data showed COVID-19 lockdowns slowed China’s factory activity. MSCI’s benchmark for global stocks was down by 0.4% by 1148...
Dollar on Track for Best Month Since 2015
Date: April 29, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar slipped from 20-year highs against a basket of currencies on Friday but remained on track for the best month in seven years as concerns about the global economy and a hawkish Federal Reserve bolstered demand for the greenback. The dollar hit a 20-year high against the...