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Fed-fuelled dollar forces rival currencies onto back foot

Friday,   18-Jun-2021   02:37 (IST)

The dollar was headed for its best week in nearly nine months on Friday, with rival currencies struggling to shake the pressure exerted by the Federal Reserve’s sudden hawkish shift in tone. With investors also scrambling to price in a sooner-than-expected tapering of extraordinary U.S. monetary stimulus, the euro and the yen failed to recoup losses of the last two days. Hovering around $1.19, the euro was flat against the dollar and on course for its worse week since October with a 1.6% fall. With a dovish European Central Bank seemingly far behind the Fed in the monetary policy cycle, ...

Sterling falls below $1.39, hurt by Fed and UK retail sales miss

Friday,   18-Jun-2021   02:36 (IST)

Sterling extended its fall against the U.S. dollar on Friday, dropping below $1.39, hurt by the U.S. Federal Reserve’s hawkish surprise while data also showed an unexpected fall in Britain&rsquo...

Dollar Extends Gains; Set For Large Weekly Gain

Friday,   18-Jun-2021   12:59 (IST)

The dollar edged higher in early European trade Friday, continuing to benefit from Wednesday’s surprise move by the Federal Reserve in bringing forward its timetable for raising interest rates. ...

Vicious post-Fed bounce has dollar headed for year's best week

Friday,   18-Jun-2021   08:56 (IST)

The dollar was headed for its best week in nearly nine months on Friday as investors have scrambled to price in a sooner-than-expected ending to extraordinary U.S. monetary stimulus in the days after ...

Sterling dips below $1.40 on U.S. Fed hawkish surprise

Thursday,   17-Jun-2021   03:12 (IST)

Sterling fell below $1.40 and hit a 10-week high versus the euro on Thursday as markets reacted to a surprise hawkish shift by the U.S. Federal Reserve, boosting the dollar against other major currenc...

Dollar keeps climbing after Fed's hawkish surprise

Thursday,   17-Jun-2021   02:04 (IST)

The dollar extended gains on Thursday after the U.S. Federal Reserve surprised markets by signalling it would raise interest rates and end emergency bond-buying sooner than expected. Fed officials on ...

Dollar Gains as Fed Points to Rate Hikes in 2023

Thursday,   17-Jun-2021   02:02 (IST)

The dollar rose in early European trade Thursday, climbing to levels not seen for around two months after the Federal Reserve surprised markets with a hawkish turn, bringing forward its timetable for ...

Dollar hits two-month highs on Fed's hawkish surprise; kiwi climbs after GDP

Thursday,   17-Jun-2021   08:55 (IST)

The dollar rose to its highest level in almost two months versus major peers on Thursday after the Federal Reserve brought forward its projections for the first post-pandemic interest rate hikes into ...

Dollar holds below one-month high as currency markets wait for Fed

Wednesday,   16-Jun-2021   01:56 (IST)

The dollar was steady on Wednesday, with currency markets generally quiet ahead of the U.S. Federal Reserve meeting, where investors will be looking for any sign of response to the jump in U.S. inflat...

Sterling firms after inflation's surprise surge

Wednesday,   16-Jun-2021   01:55 (IST)

Sterling firmed on Wednesday after data showed British inflation unexpectedly jumped above the Bank of England’s 2.0% target in May raising some concerns that policymakers may start signalling a...