The U.S. dollar slipped to a two-month low in early European hours Tuesday on growing expectations that the U.S. Federal Reserve is nearing the end of its tightening cycle, while sterling hit a fresh 15-month high as wages continue to grow. At 02:55 ET (06:55 GMT), the dollar index, which tracks the greenback against a […]

By Tom Westbrook SINGAPORE (Reuters) – The dollar slipped to multi-week lows in Asian trading on Thursday after fresh reassurance that U.S. interest rate hikes are distant and as riskier currencies drew support from China’s efforts to soothe stock market jitters. About a month of dollar gains had already lost momentum leading in to Wednesday’s […]

By Ritvik Carvalho LONDON (Reuters) – The dollar hit 4-1/2 month lows against a basket of peers on Tuesday, as softer-than-expected U.S. data and insistence from Federal Reserve officials that policy would stay pat allayed investor fears about inflation forcing interest rates higher. The British pound rose, inching back toward the three-month high it reached […]

By Kevin Buckland TOKYO (Reuters) – Bitcoin consolidated around $60,000 on Monday, taking a breather from the weekend’s record high as investors prepared for inflation worries and U.S. stimulus spending to propel it even higher. The world’s most popular cryptocurrency slipped as low as $58,956.90 early in the Asian session, falling from Saturday’s record high […]

By Kevin Buckland TOKYO (Reuters) – The safe-haven U.S. dollar remained broadly weaker on Wednesday as Treasury yields retreated further, restoring some calm to global markets and reigniting demand for riskier assets. Commodity-linked currencies including the Australian dollar and the Norwegian krone held on to sizeable two-day advances. The lower U.S. bond yields also sapped […]

By Kevin Buckland TOKYO (Reuters) – The safe-haven U.S. dollar languished near three-year lows versus riskier currencies on Thursday as continued dovish signals from the Federal Reserve stoked reflation bets. The greenback sank to fresh lows against the Australian and Canadian dollars, and held near lows set overnight against its British and New Zealand peers. […]

By Hideyuki Sano TOKYO (Reuters) – The dollar held the upper hand against low-yielding currencies on Wednesday, hitting a five-month high against the yen as U.S. bond yields jumped on the prospects of further economic recovery and a possible acceleration in inflation. Bitcoin traded just below the $50,000 mark, a day after the cryptocurrency hit […]

By Tom Westbrook SINGAPORE (Reuters) – The dollar fell to a three-week low on Tuesday, sterling hit an almost three-year high and commodity currencies rose as vaccination progress added to investors’ recovery hopes. The buoyant mood, and a sell-off in U.S. Treasuries, also dragged on the safe-haven Japanese yen, which fell through its 200-day moving […]

By Kevin Buckland TOKYO (Reuters) – The dollar headed for its first losing week in three as new signs of weakness in the U.S. jobs market dented investor expectations about the pace of economic recovery from the pandemic. Bitcoin hit a new all-time high of $49,000 on Friday after BNY Mellon (NYSE:BK) became the latest […]

By Eimi Yamamitsu TOKYO (Reuters) – The dollar bounced off two-year lows on Wednesday as U.S. data pointed to a firm manufacturing activity, while the euro retreated from its highest levels since 2018 on profit-taking. Economic data published on Tuesday showed U.S. manufacturing activity accelerated to a nearly two-year high in August amid a surge […]