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Dollar loses steam after weeks-long rally

Friday,   20-May-2022   03:18 (IST)

The U.S. dollar was headed for its worst week since early February versus major peers on Friday, as some of the heat faded from the currency’s breakneck 10% surge. The greenback has been supported by a flight to safety by investors, amid a rout across markets due to fears of the impact of soaring inflation and Russia’s invasion of Ukraine. But after rising in all but two of the last 14 weeks, the dollar index was on track for a 1.5% weekly fall on Friday. The index, which tracks the dollar against six major rivals, was broadly flat on the day at 102.92. Last Friday, it had soared t...

Dollar Edges Higher but Set for Losing Week; China Cuts Key Rate

Friday,   20-May-2022   02:04 (IST)

The U.S. dollar edged higher in early European trade Friday, but is still heading for its worst week since February as traders reacted to lower U.S. Treasury yields. At 3:55 AM ET (0755 GMT), the Doll...

Dollar falls for first week in seven amid U.S. yield retreat

Friday,   20-May-2022   07:56 (IST)

The U.S. dollar headed for its worst week since early February against major peers on Friday, weighed down by a retreat in Treasury yields and fatigue after the currency’s breathless 10%, 14-wee...

Euro edges higher, focus on ECB tightening path

Thursday,   19-May-2022   03:23 (IST)

The euro edged up on Thursday as investors price in the chance of an aggressive near-term tightening path by the European Central Bank, while the safe-haven dollar took a breather after significant ga...

Britain's pound inches up, but growth fears dominate

Thursday,   19-May-2022   03:21 (IST)

Britain’s pound inched up against the dollar on Thursday, but stayed clear of recent two-week highs as soaring inflation combined with a murky growth outlook prevented a stronger rebound. At 085...

Dollar Edges Lower; Risk Sentiment Remains Fragile

Thursday,   19-May-2022   01:13 (IST)

The U.S. dollar edged lower in early European trade Thursday, handing back some of the previous session’s substantial gains although the safe haven remains in demand with risk sentiment fragile....

Aussie jumps, safe-haven dollar and yen ease amid Shanghai reopening signs

Thursday,   19-May-2022   11:14 (IST)

The safe-haven dollar and yen eased on Thursday while the Australian and New Zealand dollars jumped amid signs of an easing in Shanghai's coronavirus lockdown, although sentiment remained fragile ...

Safe-haven dollar eases after Wednesday's jump, but risk sentiment remains fragile

Thursday,   19-May-2022   08:05 (IST)

Safe-haven currencies, including the dollar, eased on Thursday, pausing for breath after big gains the previous session as Wall Street stocks tumbled amid mounting concerns that aggressive tightening ...

Pound falls as UK inflation hits 40 year high

Wednesday,   18-May-2022   03:34 (IST)

The pound fell against the dollar on Wednesday after data showed British inflation rising to 9%, the highest level in 40 years. Currently, sterling was at $1.2411. The drop reverses most of the gains ...

Dollar rebounds after Fed's Powell reaffirms hawkish outlook

Wednesday,   18-May-2022   03:18 (IST)

The U.S. dollar bounced back on Wednesday, a day after its biggest daily loss in more than two months, as U.S. Federal Reserve chief Jerome Powell struck a more hawkish tone as the central bank battle...