Dollar nurses sharp fall as Fed raises interest rate by 50 bps
The US dollar index toppled from a five-year high and fell 0.9% overnight to 102.450.
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The US dollar index toppled from a five-year high and fell 0.9% overnight to 102.450.
Euro falls back after failing to clear resistance NZ dollar holds gains as market wagers on Aug rate hike SYDNEY, Aug 5 (Reuters) - The dollar was poised to push higher on Thursday as hawkish comments from the U.S. Federal Reserve led markets to bring forward the likely timing of a policy tightening there, while action in Europe and Japan remain distant prospects. The euro was down at $1.1837 , having recoiled from a top of $1.1899 overnight and marking another failure to crack resistance around $1.1910. The dollar also bounced to 109.51 yen , from a trough of 108.71 on Wednesday, negating wh...
The dollar was poised to push higher on Thursday as hawkish comments from the U.S. Federal Reserve led markets to bring forward the likely timing of a policy tightening there, while action in Europe... | August 5, 2021
By Tom Westbrook SINGAPORE (Reuters) - The dollar was perched near multi-week highs on Friday, basking in its biggest gains in about a month after rob...
4 Min Read JOHANNESBURG (Reuters) - Emerging market currencies will find support from higher commodity prices and domestic vaccination rollouts this year, despite turbulence in U.S. Treasury yields that could diminish their appeal, a Reuters poll found. FILE PHOTO: Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration Just last week Treasury yields in the United States rose again as traders and investors inferred the Federal Reserve’s tone in last month’s policy meeting was a start to discussion on tapering the bond b...