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Dollar bounces higher as traders brace for inflation data

Monday,   12-Apr-2021   03:23 (IST)

The dollar gained ground on Monday after last week’s drop as traders assessed the outlook for Treasury yields, while awaiting crucial U.S. inflation and retail sales data in coming days. Elsewhere it was a quiet start to a data-heavy week for foreign exchange markets. The euro dipped back below $1.19 while the British pound briefly fell to a two-month low, with some analysts citing blood clot concerns around AstraZeneca’s COVID-19 vaccine, which the UK has relied heavily on for its aggressive vaccination programme. The dollar’s fortunes have been tied to the performance of Tr...

Sterling recovers; long positions shrink to nine-week low

Monday,   12-Apr-2021   03:18 (IST)

The pound rose on Monday, recovering partly after a weekly loss, while CFTC data showed that speculators’ net long positions fell to a nine-week low as market participants split over the outlook...

Dollar Edges Higher; Tone Negative as Fed Remains Cautious

Monday,   12-Apr-2021   01:14 (IST)

The dollar edged higher in early European trading Monday, but still traded near 2-1/2-week lows as the recent decline in Treasury yields undercut support for it. At 2:55 AM ET (0755 GMT), the Dollar I...

Dollar pinned down by lower U.S. yields, inflation data in focus

Monday,   12-Apr-2021   08:43 (IST)

The dollar languished near 2-1/2-week lows against major peers on Monday as a decline in Treasury yields restrained the U.S. currency. Both the greenback and bond yields are taking something of a brea...

Dollar steadies after week of falls

Friday,   09-Apr-2021   03:08 (IST)

The dollar recovered slightly on Friday but was still heading for its softest week of the year after surprisingly weak U.S. jobs figures the previous day and ongoing loose Federal Reserve policy promp...

Sterling falls, set for biggest weekly loss since 2020

Friday,   09-Apr-2021   03:07 (IST)

Sterling fell on Friday, touching a two-month low against the dollar in early London trading, and was set for its biggest weekly drop so far this year, hit by concerns about vaccinations and profit-ta...

Dollar Bounces Off Lows; Fed Remains Accommodative

Friday,   09-Apr-2021   01:19 (IST)

The dollar edged higher in early European trading Friday, but remains anchored near two-week lows following disappointing jobless figures and with the Federal Reserve showing no signs for changing its...

Dollar set for weekly loss as data, Fed cool bond market

Friday,   09-Apr-2021   08:37 (IST)

The dollar was headed for its worst week of the year on Friday as unexpectedly strong economic data in Europe, downbeat U.S. jobs figures and a determinedly accommodative Federal Reserve have prompted...

Sterling steadies versus dollar, euro after hard profit-taking knock

Thursday,   08-Apr-2021   03:03 (IST)

Sterling on Thursday stabilised against the dollar and euro, staunching some of its losses after a bruising bout of profit-taking a day earlier. The pound slumped 0.6% to a one-week low against the do...

Dollar trades near two-week low as U.S. yields fall

Thursday,   08-Apr-2021   03:02 (IST)

The U.S. dollar traded near its lowest in more than two weeks versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve’s March policy meeting offered ...