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TOKYO (Reuters) - The U.S. dollar clung to small gains on Tuesday as caution reigned in currency markets ahead of major ...
16/03/2021

TOKYO (Reuters) - The U.S. dollar clung to small gains on Tuesday as caution reigned in currency markets ahead of major central bank meetings, beginning with a two-day Federal Reserve gathering due to start later in the global day.

The greenback hovered just off its highest since June versus the yen and cemented a position around $1.19 per euro in muted trading.

The firmer tone for the dollar came despite a retreat in U.S. benchmark yields from the highest levels in more than a year ahead of the Fed meeting.

The dollar edged higher in early European trading Tuesday, amid cautious trading with the focus very much on the Federal...
16/03/2021

The dollar edged higher in early European trading Tuesday, amid cautious trading with the focus very much on the Federal Reserve in a week dominated by central bank meetings.

At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 91.927.

The dollar was up on Tuesday morning in Asia, holding onto small gains ahead of a week of central bank meetings, headlin...
16/03/2021

The dollar was up on Tuesday morning in Asia, holding onto small gains ahead of a week of central bank meetings, headlined by the U.S. Federal Reserve’s two-day gathering that starts later in the day.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.05% to 91.882 by 10:15 PM ET (2:15 AM GMT).

The USD/JPY pair inched up 0.06% to 109.19, with the dollar little changed at 109.170 yen early in the Asian session, after hitting the 109.365-mark overnight. The Bank of Japan (BOJ) will begin its own two-day policy meeting along with an extensive policy review, on Thursday.

The dollar was up on Monday morning in Asia, holding firm after bouncing off a one-week low hit during the previous week...
15/03/2021

The dollar was up on Monday morning in Asia, holding firm after bouncing off a one-week low hit during the previous week. The greenback was supported by a rise in benchmark Treasury yields to more-than-one-year highs as inflation fears continue to persist.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.08% to 91.748 by 13:14 AM ET (5:14 AM GMT) after climbing from near a one-week low at the end of the previous week. The dollar Index contract rolled over to the Jun. 21 contract on Mar. 14.

The USD/JPY pair edged up 0.13% to 109.19.

The dollar pushed higher in early European trading Monday, helped by a jump in Treasury yields on inflation concerns ahe...
15/03/2021

The dollar pushed higher in early European trading Monday, helped by a jump in Treasury yields on inflation concerns ahead of this week’s meeting of the Federal Reserve.

At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 91.817, climbing from the one-week low of 91.364 seen at the end of last week.

USD/JPY was up 0.2% at 109.23, EUR/USD fell 0.2% to 1.1928, after rising last week for the first time in three weeks, GBP/USD fell 0.1% to 1.3912, while the risk-sensitive AUD/USD dropped 0.4% to 0.7734.

LONDON (Reuters) - The dollar gained for a second consecutive session on Monday as rising U.S. Treasury yields forced tr...
15/03/2021

LONDON (Reuters) - The dollar gained for a second consecutive session on Monday as rising U.S. Treasury yields forced traders to cut their bearish dollar bets to four-month lows.

Benchmark 10-year Treasury yields were trading at 1.6320% on Monday, close to Friday's top of 1.6420%, a level last seen in February. Rising U.S. yields have lifted the greenback in recent weeks thanks to widening interest rate differentials relative to other major bond markets.

LONDON (Reuters) - Talk of a commodities "super cycle" and gains in prices from iron to copper have brightened the outlo...
11/03/2021

LONDON (Reuters) - Talk of a commodities "super cycle" and gains in prices from iron to copper have brightened the outlook for resource-linked currencies, but the tide hasn't lifted all boats, with emerging market currencies struggling to keep up with developed peers.

Emerging currencies have been at the sharp end of a recent rise in U.S. Treasury yields, which sparked a shakeout across global markets.

Below are four charts showing the connection between commodities and currencies and how current moves compare to previous episodes.

The dollar inched up on Thursday morning in Asia, reversing some losses stemming from trimmed rapid inflation accelerati...
11/03/2021

The dollar inched up on Thursday morning in Asia, reversing some losses stemming from trimmed rapid inflation acceleration bets over U.S. consumer price data and a drop in Treasury yields.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.01% to 91.787 by 9:10 PM ET (2:10 AM GMT).

The USD/JPY pair inched up 0.10% to 108.48.

TOKYO (Reuters) - The dollar languished near one-week lows on Thursday after benign data on U.S. consumer prices and a d...
11/03/2021

TOKYO (Reuters) - The dollar languished near one-week lows on Thursday after benign data on U.S. consumer prices and a decline in Treasury yields led some investors to trim bets on a rapid acceleration in inflation.

The euro was in focus ahead of a European Central Bank meeting later in the day where policymakers are expected to send a message that they will prevent bond yields from rising further and harming the bloc's economic outlook.

The Euro to US Dollar (EUR/USD) exchange rate held steady today following the publication of the latest Eurozone Retail ...
05/03/2021

The Euro to US Dollar (EUR/USD) exchange rate held steady today following the publication of the latest Eurozone Retail Sales data for January, which fell by a worse-than-expected -5.9% month-on-month. The pairing is currently fluctuating around $1.20.

The dollar gained in early European trading Friday, after Federal Reserve Chairman Jerome Powell largely dismissed conce...
05/03/2021

The dollar gained in early European trading Friday, after Federal Reserve Chairman Jerome Powell largely dismissed concerns over rising Treasury yields.

At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 91.760, a three-month high.

The dollar has become increasingly overvalued thanks to a swelling U.S. current-account deficit, according to the Instit...
05/03/2021

The dollar has become increasingly overvalued thanks to a swelling U.S. current-account deficit, according to the Institute of International Finance.

China’s yuan is the mirror image, becoming increasingly undervalued, the IIF found in a periodic assessment of exchange-rate misalignments.

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