The dollar rose on Monday amid a weaker euro and yen, as market participants continued to assess political tensions in France and a rebound in Treasury yields.
The Bloomberg Dollar Index rose as much as 0.5%, while the euro fell after a far-right French party threatened to overthrow the government amid a budget impasse. Futures on the Euro Stoxx 50 fell 0.9%, indicating a weak open. French bond futures fell.
The euro fell as much as 0.6%. The single currency may see further weakness after Governing Board member Martins Kazaks told broadcasters the European Central Bank should continue to cut borrowing costs.
Among the week's major global events, Fed Chair Jerome Powell is due to participate in a moderated discussion on Wednesday. U.S. jobs data is due Friday.
In Asia, stocks rose on signs of economic stabilization in China. Manufacturing activity in the world's second-largest economy expanded for a second straight month in November, a private survey showed on Monday.
Chinese data also supported oil prices. A stronger U.S. dollar led to a decline in gold prices.
The Bloomberg Dollar Spot Index rose 0.5%. The euro fell 0.5% to $1.0523. The Japanese yen fell 0.6% to 150.64 per dollar. The offshore yuan fell 0.5% to 7.2838 per dollar.
Source: Bloomberg
The U.S. dollar snapped a three-day rising streak on Monday, as investors await comments from Federal Reserve officials to better gauge the monetary policy outlook after the central bank resumed its e...
The dollar was steady on Monday as traders looked ahead to a slew of speeches from Federal Reserve officials throughout the week that could provide further clues on the U.S. rate outlook, after the ce...
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, has lost its daily gains and is trading around 97.00 during the European hours on Thursday. Tra...
The U.S. dollar was steady early on Thursday following its plunge to a 3-1/2-year low and then forceful rebound as traders grappled with the ramifications of the Federal Reserve's measured rheto...
The US Dollar (USD) is showing signs of stabilization heading into Wednesday's FOMC, with modest gains against most of the G10 currencies as it attempts to claw back a portion of this week's losses, S...
Wolfe Research said the latest call between U.S. President Donald Trump and Chinese President Xi Jinping underscored a thaw in relations but cautioned that tariff relief is unlikely in the near term. The firm described the September 19 call as the...
The U.S. dollar snapped a three-day rising streak on Monday, as investors await comments from Federal Reserve officials to better gauge the monetary policy outlook after the central bank resumed its easing cycle last week. The dollar hovered near...
Silver rose to around $43.5 per ounce on Monday, reaching a fresh 14-year high as expectations of further US Federal Reserve rate cuts bolstered demand for precious metals. Last week, the Fed delivered a widely anticipated 25 basis point cut, the...
US stocks closed at new highs on Friday (September 19), continuing their record-breaking rally from the previous session as investors digested...
Asia-Pacific markets traded higher Monday, tracking Wall Street's gains on Friday stateside, as investors awaited China's key lending rate decision...
European stocks closed slightly higher on Friday (September 19th) as strength in the heavyweight financial sector offset mixed movements elsewhere,...
US equities were higher on Friday, extending momentum after the three major benchmarks notched fresh record closes in the previous session. For the...