foreign-currency
Top StoriesUS Dollar Regains Footing as Traders Pare Bets on Big Fed Rate Cut
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TradingUS Dollar Weakens, Sterling Hits More Two-Year High
Dollar Sinks vs Yen, Hovers Near 2-1/2-year Low to Sterling on Dovish Fed Shift
Date: August 26, 2024
By Kevin Buckland TOKYO (Reuters) -The dollar sank to a three-week trough against the yen on Monday as Federal Reserve Chair Jerome Powell’s emphatic dovish shift contrasted sharply with Bank of Japan chief Kazuo Ueda’s steadfastly hawkish tone. The U.S. currency hovered near its lowest in 13 months against the euro, and sagged closer...
Dollar Slumps Ahead of Payrolls Revisions, Powell Speech
Date: August 20, 2024
By Karen Brettell NEW YORK (Reuters) – The dollar fell to its lowest level since January on Tuesday as investors awaited revisions to U.S. payrolls data on Wednesday and Federal Reserve Chair Jerome Powell’s speech to the Jackson Hole economic conference in Wyoming later in the week. Traders are speculating the revisions to the U.S....
Yen Jumps as Bets for Dovish Fed Pressures Dollar
Date: August 19, 2024
By Rae Wee SINGAPORE (Reuters) -The U.S. dollar declined broadly on Monday and slipped sharply against the yen in particular as investors bet on a dovish tone emerging in the Federal Reserve’s July policy meeting minutes and Chair Jerome Powell’s upcoming speech at Jackson Hole. The minutes, due on Wednesday, and Powell’s speech on...
Morning Bid: Markets Shift to Holiday Mood
Date: August 12, 2024
A look at the day ahead in European and global markets from Wayne Cole It’s been a blessedly quiet start to the week in Asia with Japan taking a much-needed holiday for Mountain Day, after the Nikkei tumbled down a mountain of its own last week and sent global markets reeling. If Tokyo were...
Dollar Gains After US Jobless Claims Fall More Than Expected
Date: August 8, 2024
By Hannah Lang NEW YORK (Reuters) – The dollar rose on Thursday after new U.S. labor market data showed that unemployment benefits fell more than expected last week, easing fears of an imminent recession. The greenback’s rise was most prominent against the yen, following a sharp drop the day before in a volatile week in...
Unwind of Massive Yen-Funded Carry Has Room to Go, Analysts Say
Date: August 6, 2024
NEW YORK (Reuters) – An epic unwinding of the yen-funded carry trade that has reverberated through global markets may have further to go, analysts said on Tuesday. Days of havoc in global markets have analysts rushing to calculate the size of a global carry trade in which investors have borrowed money from economies with low...