Trends - dollar index - Business Recorder

Markets

Dollar steadies near seven-week lows as interest rates hold

Dollar firms after dipping to lowest since March 3.
Euro strengthens.
British pound tests $1.40, then eases.

Published 20 Apr, 2021 08:20pm

Markets

Dollar slumps to 6-week low, Bitcoin steadies after weekend drop

Dollar slumps to 6-week low.
Carry trade may thrive in low vol environment – ING.
MSCI EM FX index hits 1-month high.
Bitcoin trades near $57k after weekend plunge.

Published 19 Apr, 2021 06:06pm

Markets

Dollar slips to 4-week low hurt by recent retreat in yields

Greenback set for 0.7% drop this week.
US says Vietnam, Switzerland and Taiwan violate currency thresholds.

Published 16 Apr, 2021 08:18pm

Markets

Dollar heads for second week of losses as yields decline

Greenback set for 0.5% drop this week after hitting 1-month low.
Benchmark yield fell most in 5 months despite strong US data.
US Treasury FX report due, eyes on Swiss franc.

Published 16 Apr, 2021 05:41pm

Business & Finance

Dollar largely sinks in Europe

LONDON: The US dollar sank to a four-week low against other major currencies on Thursday as Treasury yields pulled...

Updated 16 Apr, 2021 09:54am

Markets

Dollar edges higher on strong data, despite lower yields

Retail sales increased 9.8% last month, the Commerce Department said on Thursday, beating economists' expectations for a 5.9% increase.
The dollar index earlier on Thursday hit a one-month low of 91.487, before rebounding to 91.633, up 0.03% on the day.

Published 15 Apr, 2021 08:02pm

Markets

Dollar drops to three-week lows after inflation data

The consumer price index jumped 0.6% last month, the largest gain since August 2012, after rising 0.4% in February, the Labor Department said on Tuesday. Excluding the volatile food and energy components, the CPI rose 0.3%. The so-called core CPI nudged up 0.1% in February.
The dollar briefly spiked on the data, before reversing course and dipping to three-week lows. Treasury yields also fell after the data.

Published 13 Apr, 2021 08:38pm

Markets

Dollar edges higher as data helps lift Treasury yields

Dollar index on pace for worst weekly decline this year.
Sterling steadies after losing week.

Published 09 Apr, 2021 08:17pm

Markets

Dollar steadies after week of falls

The dollar is on track for a nearly 1% weekly fall against a basket of major currencies, although it edged up a fifth of a percent on the day.
The euro and yen are poised for their largest weekly percentage gains of the year versus the dollar, up around 1.2% and 0.9% respectively.

Updated 09 Apr, 2021 05:08pm

Markets

Dollar holds near two-week lows as investors await Fed minutes

Dollar index holds near two-week low.
Aussie, Kiwi dollar slip.

Published 07 Apr, 2021 05:38pm

Markets

Dollar on back foot as US yields drop despite strengthening US recovery

Greenback weakens with 10-year Treasury yield below 1.7%.
Strong US data lifted Wall Street stocks to record highs.
Bitcoin near $59,000 as crypto market cap tops $2 trillion.

Published 06 Apr, 2021 12:43pm

Markets

Dollar dips to one-week lows as stocks hit records

The greenback has generally risen at the same time as stocks gain. Investors are now watching to see if that relationship continues as it may indicate a shift in how the currency responds to improving risk appetite.
"The trickiest thing for markets right now is to figure out what the dollar's sensitivity is to good US economic news," said Erik Nelson, a macro strategist at Wells Fargo in New York.

Published 05 Apr, 2021 07:49pm

Business & Finance

Early trade in New York: Dollar slips, consolidates recent gains

NEW YORK: The dollar fell on Thursday, consolidating recent gains that pushed it to nearly three-year highs during...

Published 02 Apr, 2021 04:58am

Business & Finance

Early trade in New York: Dollar hits one-year high against yen

NEW YORK: The dollar rose on Wednesday, hitting a one-year high versus the yen and multi-month peaks with other...

Published 01 Apr, 2021 04:10am

Business & Finance

Early trade in New York: Dollar hits four-month peak

NEW YORK: The dollar climbed to a four-month peak on Monday in choppy trading, with the euro languishing below $1.18...

Published 31 Mar, 2021 05:42am

Business & Finance

Dollar rises across the board in Europe

LONDON: The dollar gained against major currencies on Tuesday and climbed to a one-year high against the yen, as...

Published 31 Mar, 2021 05:42am

Business & Finance

Early trade in New York: Dollar rises against major currencies

NEW YORK: The dollar gained on Monday in choppy trading, with the euro languishing below $1.18 and commodity...

Published 30 Mar, 2021 05:45am

Markets

Cotton rises 3pc on mill buying after sharp fall

NEW YORK: ICE cotton futures rose 3% on Friday, with mills taking advantage

Published 27 Mar, 2021 05:41am

Business & Finance

Dollar stays steady in Europe

ROTTERDAM/LONDON: The dollar held its ground against other major currencies on Friday as investors digested the US...

Published 20 Mar, 2021 04:39am

Business & Finance

Early trade in New York: Dollar gains against major units

NEW YORK: The dollar extended gains against major currencies on Friday, hitting a more than one-week high, as...

Published 20 Mar, 2021 04:39am

Markets

Gold gains after Fed maintains easy monetary policy stance

Asian stocks were set for modest gains.

Published 18 Mar, 2021 11:07am

Business & Finance

Early trade in New York: Dollar flat to slightly up ahead of Fed guidance

NEW YORK: The US dollar was flat to slightly higher on Wednesday, with 10-year Treasury yields hitting fresh ...

Published 18 Mar, 2021 03:56am

Business & Finance

Early trade in New York: Dollar keeps rising

NEW YORK: The dollar gained for a third straight session on Monday, as traders cut their bearish bets on the...

Updated 16 Mar, 2021 09:34am

Business & Finance

Dollar index drops in Europe

LONDON/MILAN: The dollar index fell to its lowest in a week on Thursday and there was a mild “risk on” tone in...

Published 12 Mar, 2021 05:10am

Business & Finance

Early trade in New York: Dollar falls for third-straight day

NEW YORK: The dollar fell for a third straight day on Thursday as the European Central Bank said it would keep a lid...

Published 12 Mar, 2021 05:10am

Markets

Dollar drops to one-week low as inflation fears fade; ECB in focus

Dollar index at one-week low.
ECB expected to signal faster money printing.

Updated 11 Mar, 2021 10:03pm

Markets

Dollar at 3-1/2-month high on firmer yields, US growth

"If the data is not as jacked-up as the market thinks it will be, then I think we'll probably have a bit of a dollar pullback," he said.

Published 09 Mar, 2021 10:17am

Business & Finance

Early trade in New York: Dollar pares gains before Powell speaks

NEW YORK: The dollar pared earlier gains on Thursday before an appearance by Federal Reserve Chairman Jerome Powell...

Updated 05 Mar, 2021 09:36am

Markets

Gold surges in Europe

LONDON: Gold prices edged up on Tuesday, having earlier slid to its lowest in 8-1/2 months, as US Treasury yields...

Published 03 Mar, 2021 05:49am

Business & Finance

Dollar index stays up in Europe

LONDON: The dollar was up for a fourth consecutive day on Tuesday, after a recent spike in bond yields challenged ...

Published 03 Mar, 2021 05:49am