The dollar dipped slightly on Wednesday as investors weighed hopes for a swift economic recovery against fears about a resurgence in the pandemic, particularly in the United States.
Demand for the U.S. currency as a safe haven ticked down as oil prices eased on oversupply fears, stocks dithered in Asia and European bourses opened in negative territory.
Risk sentiment was also undermined after Federal Reserve officials expressed concern that rising coronavirus cases could harm economic growth just as stimulus measures start to expire.
The euro strengthened a modest 0.12% to $1.2870 while a recent fall in selling positions against the greenback provided room for possible further drops. The greenback bought 0.9414 Swiss franc, a 0.13% dip. Sterling rose 0.14% to change hands at $1.2560 but was stable against the euro at 0.8988 as talks resumed between the Britain and the European Union on terms for their future trade relations.
Source : Reuters
Gauge of the dollar held near a seven-week high as investors waited for comments from Federal Reserve Chair Jerome Powell to gauge his views on the US economy. Australia's dollar declined amid risk-of...
The yen weakened while stock futures climbed after the Bank of Japan maintained its key policy settings. The currency slid 0.5% to 143.49 per dollar at 11:56 a.m. in Tokyo. ...
Most Asian currencies firmed slightly on Wednesday tracking a stronger-than-expected reading on Chinese economic growth, although fears of an escalation in the Israel-Hamas war limited any major gains...
The dollar remained firm on Wednesday ahead of a much-anticipated rate decision by the Federal Reserve later in the day, while sterling slid on increased bets the Bank of England (BoE) will pause its ...
The euro got a lift on Tuesday from a report that indicated the European Central Bank may soon start discussing how to drain some of the excess liquidity in the banking system, while the yen wallowed ...
Nikkei Japanese stocks rose, erasing early losses to eke out gains as value stocks such as financials were buoyed by Berkshire Hathaway Inc.'s bumper yen bond sale raising hopes of more investment from the Omaha-based firm. The Topix Index rose...
The S&P 500 slipped for a fifth straight day on Thursday, placing the benchmark on track for its longest losing streak this year. The broad index lost 0.3%, while the Nasdaq Composite dropped 0.6%. The Dow Jones Industrial Average added 58...
West Texas Intermediate (WTI) crude oil closed higher on Thursday, posting a small gain following three losing sessions that came as the geopolitical risk premium eased while rising US inventories are seen as a signal of weak demand. WTI crude oil...
Federal Reserve (Fed) Chairman Jerome Powell participates in a fireside chat about economic trends in North America at the Wilson Center's...
Asia-Pacific markets extended their declines as the world awaits Israel's response to Iran's air assault over the weekend.
On Tuesday, China's...
New home construction in the US slowed last month as consumers try to wait out high mortgage rates in hopes borrowing costs will ease later this...
China's economic momentum showed signs of cooling in March after a strong start in the first two months of the year, official data showed...