currency-exchange
Top StoriesWall Street Cheers Cool CPI With Stock Rally; Dollar, Yields Decline
Top StoriesStocks Rise, Dollar Retreats Ahead of Inflation Data
Top StoriesOil Rallies as Grain Markets Tighten, Dollar Falls on Fed Chair Comments
Top StoriesU.S. Dollar Struggles, Pound Hits One-Year High
Dollar Dips as Job Openings Fall, Fed Meeting in Focus
Date: May 3, 2023
Dollar dips as job openings fall, Fed meeting in focus By Karen Brettell NEW YORK (Reuters) – The dollar fell Tuesday after data showed that U.S. job openings fell in March, a day before the Federal Reserve is expected to hike interest rates by an additional 25 basis points. U.S. job openings fell for a...
Yen Sinks as Rates Outlook Diverges; Nz Dollar Tumbles
Date: April 10, 2023
By Kevin Buckland TOKYO (Reuters) – The yen sank against major peers on Monday after U.S. payrolls data bolstered the case for further Federal Reserve rate hikes, highlighting a growing disparity with Japan where the central bank continues to pin the benchmark yield near zero. Meanwhile, the risk-sensitive New Zealand and Australian dollars weakened amid...
Dollar Falls After Fed Raises Rates, Forecasts Future Hike
Date: March 22, 2023
By Hannah Lang WASHINGTON (Reuters) – The dollar was lower on Wednesday following the U.S. Federal Reserve’s decision to raise interest rates by a quarter of a percentage point as expected. The Fed projected at least an additional interest rate increase of 25 basis points by the end of 2023. The dollar index fell 0.465%...
Dollar Jumps as Powell Flags Higher Terminal Rate
Date: March 7, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar extended gains against a basket of currencies on Tuesday after Federal Reserve Chair Jerome Powell said that the U.S. central bank will stay the course until the job is done, adding that the ultimate level of interest rates is likely to be higher than previously anticipated....
Dollar Advances as Strong U.S. Data Backs Higher Rates Backdrop
Date: February 17, 2023
By Gertrude Chavez-Dreyfuss and Laura Matthews NEW YORK (Reuters) – The U.S. dollar held gains against a basket of currencies on Thursday, bolstered by stronger-than-expected producer prices and falling jobless claims, hinting that the Federal Reserve would have to maintain its inflation-fighting interest rate hikes for longer. Earlier, the dollar index hit six-week highs, rising...
European Shares Hit Nine Month High, Dollar Wobbles After Powell Remarks
Date: February 8, 2023
By Alun John LONDON (Reuters) – Global shares jumped and most currencies rose against the dollar on Wednesday as investors discerned a dovish tone in comments from Federal Reserve Chair Jerome Powell, though a policy tweak by the ECB meant European bonds sat out the rally. MSCI’s world share index rose 0.3%, heading back towards...