LONDON—The dollar steadied above almost two-month lows against its major peers on Wednesday, ahead of data expected to show a fresh surge in U.S inflation that could seal the case for an early rise in interest rates. Federal Reserve Chair Jerome Powell on Tuesday gave no clear indication that the Fed was in a rush…
Dollar Ticks Up as Case for March Fed Hike Grows
LONDON—The dollar ticked up on Monday amid rising bets U.S. inflation will bolster the case for higher interest rates while the European Central Bank’s dovish stance on rising prices weighed on the euro. The dollar had met with selling late last week after a weaker-than-expected headline U.S. job-creation figure squeezed traders out of long dollar…
Dollar Celebrates 2022 With Gains Amid Positive New Year Mood
LONDON—The dollar ticked up against its major rivals as an upbeat market mood on Monday lifted European equities and government bond yields for the first day of trading of 2022. But with London, Europe’s main FX trading center closed for a market holiday, volume was expected to remain limited. While the surge in coronavirus cases…
Dollar Ticks Up Against Rivals in Thin Holiday Trading
LONDON—The dollar rose against major rival currencies in holiday-thinned trading on Thursday, as investors remained cautiously optimistic about the economic consequences of a surge in cases of the Omicron coronavirus variant. Reuters data shows global COVID-19 infections hit a record high over the past seven days but, comforted by data suggesting the virus may turn…
Risk Appetite Sends Yen to One-Month Low, Euro Dips
LONDON—The euro fell in thin holiday trading on Wednesday and the dollar sent the yen to a one-month low, as investors looked past surging cases of Omicron in another bout of risk appetite. Risk-sensitive currencies such as the Australian dollar were higher as stocks motored upwards but the euro bucked the trend and weakened 0.2…
Fading Omicron Concerns Set Up Shares for Weekly Gain, Dent Dollar
MILAN/HONG KONG—Stock markets in Europe and Asia cemented gains in light holiday trade on Friday, while the safe-haven dollar eased on signs the Omicron variant would not significantly derail global economic growth. The greenback was set for its worst week in four months while other risk-friendly assets from bitcoin to the Australian dollar held onto…
Bullish Investors Lift Risk-Sensitive Currencies as Omicron Fears Fade
LONDON—Bullish investors left the dollar near a one-week low and lifted riskier currencies such as the Australian dollar and British pound on Thursday, as fears about the fallout from Omicron were sidelined. The euro slipped by 0910 GMT but held above $1.13 while the dollar index, at 96.159, was unchanged on the day but near…
Commodity Currencies Boosted by Hopes Omicron Will Be Mild
December 7, 2021
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LONDON—The dollar index was steady and riskier currencies picked up on Tuesday, as traders bet that the Omicron variant of COVID-19 would not be as severe as previously expected. Asian shares staged a recovery overnight and oil prices climbed as risk appetite improved following reports in South Africa earlier in the week saying that Omicron…
Currencies Recover From Omicron Chaos but Analysts Warn More Volatility Ahead
November 29, 2021
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OTTAWA—Currency markets calmed on Monday in Asia after the initial shock of Omicron’s discovery sent investors scurrying for cover last week, but analysts warned of more volatility with little still known about the new coronavirus strain. The risk-sensitive Australian dollar rose 0.37 percent to $0.7139, recovering after a 1 percent tumble on Friday that saw…
Risk Currencies’ Rally Pauses, Yen Recovers, Turkish Lira Sinks
October 21, 2021
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LONDON—Australian and New Zealand dollars slipped from highs hit overnight, and the dollar fell versus the yen on Thursday, in what analysts said was profit-taking following a strong rally. The U.S. dollar index was flat on the day at 1051 GMT, at 93.669. Versus the Japanese yen, the dollar was down 0.3 percent at 114….
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