Safe-haven currencies out of favour on stimulus hopes, focus on Huawei

TOKYO (Reuters) – Safe-haven currencies such as the yen and Swiss franc were under pressure on Monday as expectations that policymakers would unleash new stimulus eased immediate concerns about a slowing global economy. Such hopes found support from the Chinese central bank’s interest rate reforms over the weekend that are expected to lower corporate borrowing costs, and reports of new […]

Read more

Euro falls to two-month low on bleak euro zone data; dollar index dips

NEW YORK (Reuters) – The euro fell to a two-month low against the dollar on Wednesday, hit by weak economic data that bolstered speculation the European Central Bank could undertake aggressive monetary policy easing as soon as this week. The dollar was modestly lower against a basket of currencies after three straight days of gains, generally trading in narrow ranges […]

Read more

Dollar gains after Fed pushes back on big rate cut bets

LONDON (Reuters) – The dollar rose on Wednesday as expectations dwindled for aggressive cuts in U.S. interest rates after comments by Federal Reserve officials. Fed Chairman Jerome Powell stressed the central bank’s independence from U.S. President Donald Trump, who is pushing for rate cuts. St. Louis Fed President James Bullard, considered one of the most dovish U.S. central bankers, surprised […]

Read more

Weak data, rate cut bets knock dollar to six-month low against yen

NEW YORK (Reuters) – The U.S. dollar fell to a six-month low against the Japanese yen on Wednesday after weak private jobs data increased expectations of Federal Reserve interest-rate cuts in 2019. U.S. private employers added 27,000 jobs in May, well below forecasts and the smallest monthly gain in more than nine years, a report by a payrolls processor showed. […]

Read more

Euro rises as Fed rate cut bets weaken dollar

LONDON (Reuters) – The dollar struggled near a seven-week low on Wednesday on rising expectations of a U.S. central bank interest rate cut in response to trade conflict-related risks. Federal Reserve Chairman Jerome Powell dropped his standard reference to the bank being “patient” in approaching a rate decision on Tuesday, saying instead it would respond as “as appropriate” to trade […]

Read more

Weak data, rate cut bets push dollar from two-year high

NEW YORK (Reuters) – The dollar fell on Friday from a two-year high after orders for U.S.-made capital goods fell, further evidence that manufacturing and the broader economy are slowing, due in part to the trade conflict with China. The weaker-than-expected data, a closely watched proxy for business spending plans, added to the dollar’s fall, which began Thursday following a […]

Read more
1 2 3 4