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US Dollar Modestly Firmer After Strong Data, Fed Comments

Friday, 19 April 2024 05:55 WIB | Us dollar

The dollar drifted higher on Thursday as a mixed batch of U.S. data did little to shake views that the economy is still on solid ground, suggesting the Federal Reserve will likely delay the timing of its first rate cut since 2020 to later this year. Comments from New York Fed President John...

Dollar rally stalls after rare FX warning from finance chiefs

Thursday, 18 April 2024 21:59 WIB | Usd/jpy

The dollar fell for a second day on Thursday after a rare warning by the finance chiefs of the United States, Japan and Korea over the sharp decline in other currencies, which in turn offered the yen some rare respite. The yen got a modest lift after Japan's top currency diplomat Masato Kanda...

Dollar edges down but still close to 5-1/2 month high, Fed, Middle East in focus

Wednesday, 17 April 2024 21:50 WIB | Usd/jpy

The dollar edged down but was still within striking distance of its 5-1/2-month high on Wednesday, keeping the yen rooted near 34-year lows after Federal Reserve officials reiterated interest rates are likely to stay higher for longer. Top U.S. central bank officials including Fed Chair Jerome...

Dollar Advances Amid Inflation Fears, Haven Demand

Tuesday, 16 April 2024 06:28 WIB | Us dollar

The dollar edged up amid a new year-to-date high in Treasury yields after a strong retail sales report and as markets await repercussions of Iran’s weekend attack on Israel. The Bloomberg Dollar Index is up marginally after being down earlier; it rose last week by the most since...

Dollar Slips Amid Iran Attack; Yen Retreats

Monday, 15 April 2024 21:38 WIB | Usd/jpy

A gauge of the dollar edged lower but held the bulk of Friday’s gains as traders mulled the escalation of tensions in the Middle East. The Bloomberg Dollar Index slipped 0.1% Monday, halting a three-day advance; Ten-year Treasury yields rose four basis points bps to 4.55%. Brent crude oil...

US Dollar Rallies on Safe-Haven Bids, Rate Cut Delay; Yen Hits 34-Year Low

Saturday, 13 April 2024 09:58 WIB | Usd/jpy

The U.S. dollar rose to its highest since November on Friday, boosted by safe-haven demand amid geopolitical tension in the Middle East as well as increasing divergence in monetary policy between the Federal Reserve and other major central banks. The dollar index was on track to post its largest...

Dollar Holds at Five-Month High After Volatile Week

Friday, 12 April 2024 17:19 WIB | Usd/jpy

The dollar held near a five-month high on Friday following a week that saw traders aggressively pare Federal Reserve easing bets. Bloomberg Dollar Spot Index was little changed while the yield on policy sensitive two-year Treasuries fell three basis points to 4.93% The dollar gauge has...

Yen crumbles under towering dollar and US Treasury yields

Friday, 12 April 2024 15:51 WIB | Usd/jpy

The yen struggled to break away from a 34-year low on Friday and was headed for a weekly decline, while the dollar hovered near a five-month high alongside U.S. Treasury yields as traders heavily scaled back bets for a slew of U.S. rate cuts this year. The euro was eyeing its sharpest weekly fall...

USD Holds Near Five-Month High, Yen Stabilizes

Thursday, 11 April 2024 21:21 WIB | Usd/jpy

A gauge of the dollar held near its highest level since November as repricing of the Federal Reserve’s interest-rate path continued after a hot US inflation print. The yen climbed after strong comments from top Japanese officials. The Bloomberg Dollar Spot Index advanced 0.1%; it gained...

Dollar firm ahead of US CPI release; yen to face crucial test

Wednesday, 10 April 2024 20:07 WIB | Usd/jpy

The dollar consolidated on Wednesday ahead of a key inflation report later in the day, while the yen remained a whisker away from what markets believe to be the line in the sand for Japanese authorities to intervene. The kiwi, meanwhile, briefly jumped to a three-week high after the Reserve Bank...

US Dollar Skids Ahead of Inflation Data; Yen Not Far from 1990 Lows

Tuesday, 9 April 2024 09:14 WIB | Usd/jpy

The dollar slid on Monday as investors focused on U.S. inflation data due later this week, while the yen dipped to near 34-year lows, with traders remaining alert for any potential action from Japanese authorities to support the weakening currency. The greenback fluctuated last week as traders...

Dollar Starts Week on Front Foot Post Payrolls Bump

Monday, 8 April 2024 16:33 WIB | Usd/jpy

The dollar rose against most Group-of-10 currencies as Treasury yields continued their advance in the wake of a strong US jobs report Friday. Friday’s US employment report when taken with the pickup in key inflation numbers at the start of 2024, raise the possibility of later or fewer...

Dollar Stirred Up By Geopolitics, Pre-Jobs Jitters

Saturday, 6 April 2024 01:27 WIB | Us dollar

The dollar headed for its first weekly loss in a month on Friday, but pulled away from two-week lows, ahead of a key U.S. jobs report later in the day, while tensions in the Middle East kept investors on edge. Demand for safe-haven currencies, along with more warnings from Japanese authorities,...

Dollar Edges Down After Data, Yen Squeezed, Swiss Franc at Multi-Month Lows

Friday, 5 April 2024 02:14 WIB | Usd/jpy

The dollar hit a one-week low on Thursday as economic data supported expectations for quick rate cuts in the United States, while the battered yen was little changed against other majors. An unexpected slowdown in U.S. services growth had knocked the dollar lower on Wednesday. However, for the...

Dollar Dips Ahead of US Jobs Data; Yen Squeezed

Thursday, 4 April 2024 22:08 WIB | Usd/jpy

The dollar traded below recent peaks on Thursday as investors waited on this week's U.S. labour data to guide the interest rate outlook, while the battered yen slid against other majors. An unexpected slowdown in U.S. services growth had knocked the dollar lower on Wednesday. For the year so far...

Steady Dollar Has Yen Pinned Near Key Level of 152

Thursday, 4 April 2024 01:33 WIB | Usd/jpy

The dollar index held near its highest level in over four months on Wednesday, pinning the yen close to its lowest its decades, though the increased threat of currency intervention by Tokyo capped further declines in the Japanese currency. The euro was steady at $1.0776 as was the pound at...

US Dollar Rises Early Monday, Focus Turns to March Employment Data, Powell

Tuesday, 2 April 2024 01:50 WIB | Us dollar

The US dollar rose against its major trading partners early Monday as US markets returned from a long weekend and turned their attention to Friday's March employment data. Monday's schedule includes manufacturing estimates for March from S&P Global at 9:45 am ET, followed by the the Institute...

Dollar Gains as Inflation Data Looms; Yen on Intervention Watch

Thursday, 28 March 2024 23:17 WIB | Usd/jpy

The dollar gained on the euro and pound on Thursday after a U.S. Federal Reserve policy maker said he wasn't in a hurry to cut rates, while traders braced for key economic data and hesitated to move on the yen on fears of Japanese intervention. The Japanese currency was steady at 151.42 per...

Yen Hits 34-Yr Low Ahead of Key U.S. Inflation Data

Thursday, 28 March 2024 01:59 WIB | Usd/jpy

The yen dropped to its lowest level since 1990 on Wednesday, into the zone that triggered intervention by Japanese authorities in 2022, prompting the finance minister to warn Japan would take "decisive steps" against excessive currency moves. The dollar briefly rose to 151.97 yen in the Asia...