LONDON—The dollar roared to a two-year high on Tuesday and the euro hit its weakest since March 2020 as concerns about the economic impact of China’s COVID-19 lockdowns and rising expectations for a big U.S. interest rate hike next week boosted the greenback. With markets facing many risks, including central banks’ tightening policy, just as…
US Dollar Perched at 2-year Highs as Risk Appetite Crumbles; Yuan Drops
LONDON—The U.S. dollar marched to a two-year high on Monday as a wave of risk aversion swept global markets, while the Chinese yuan was set for its biggest three-day losing streak in nearly four years on growing worries of an economic slowdown in China. With war in Ukraine entering the third month and growing concerns…
Dollar Climbs to Fresh 20-year High on Yen, Tests 2-year Peak on Euro
LONDON—The dollar rose on Tuesday to a fresh 20-year high against the Japanese yen and tested a two-year peak against the euro, supported by high U.S. Treasury yields. Ten-year U.S. inflation-linked bond yields are within touching distance of turning positive for the first time in two years. The dollar index, which measures the greenback against…
Hawkish Fedspeak Keeps Dollar King, Yen Slumps to 20-year Low
TOKYO—The dollar rose to a two-decade peak against the yen and kept close to a two-year high to the euro on Friday, as more hawkish comments from Federal Reserve officials reinforced expectations for faster U.S. policy tightening. The greenback was 0.43 percent higher at 126.40 yen after earlier reaching 126.56 for the first time since…
Japanese Yen Falls to 20-year Low as Dollar Outlook Bright
LONDON—The Japanese yen weakened past the 126 yen per dollar mark on Wednesday for the first time since 2002, while the euro was pinned at a one-month low as investors bought the U.S. currency after hawkish comments by Federal Reserve officials. The prospect of fast and aggressive U.S. interest rate hikes and growing market expectations…
Euro Slips Versus Dollar as Treasury Yields Hit Multi-Year Highs
LONDON—The euro gave up post-French election gains on Tuesday and fell against the strengthening dollar, bolstered by high bond yields ahead of U.S. inflation data expected to reinforce bets on aggressive monetary tightening. The data for March, due at 1230 GMT, is expected to show the biggest monthly rise in consumer prices in 16-1/2 years,…
No Peace for Emerging Market Currencies as Mighty US Dollar Reigns: Reuters Poll
April 9, 2022
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Business & EconomyCurrenciesDollareconomic policieseconomyemerging marketsEuropeinflationInternationalMarketsRussia-Ukraine WarWorld
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JOHANNESBURG/BENGALURU—Most emerging market currencies will continue to struggle against the mighty dollar over the coming year as the U.S. Federal Reserve finally delivers expected aggressive policy tightening, according to a Reuters poll of FX strategists. Central banks in emerging market economies have been bracing for this for months by hiking their benchmark interest rates. But…
Dollar Riding High After Index Hits 100 for First Time in Nearly Two Years
LONDON—The U.S. dollar index strengthened to 100 for the first time in nearly two years on Friday, supported by the prospect of a more aggressive pace of Federal Reserve interest rate hikes. The greenback has gained ground on a basket of rivals over the past month, particularly against the euro, which has been pressured by…
European Stocks Rebound, Dollar Index Hits 100
LONDON—European shares rebounded on Friday, playing catch-up with a modest bounce the previous day on Wall Street, and the dollar index hit 100 for the first time in nearly two years as U.S. bond yields hovered near multi-year highs. World stocks edged higher but were still on track for their first weekly loss in four…
Dollar Heads Towards 2-year High After Fed Aids Greenback Bulls
LONDON—The dollar was heading towards a two-year high against a basket of major currencies on Thursday after meeting minutes showed the Federal Reserve preparing to move aggressively to fight inflation, while commodity-linked currencies fell further. The euro remained near a one-month low below $1.09 as investors await European Central Bank minutes due later. Minutes from…
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