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Dollar stands tall despite strong Chinese data; euro struggles

Monday,   18-Jan-2021   02:37 (IST)

The U.S. dollar held firm at a four-week high against its rivals on Monday as an undercurrent of risk aversion swept through currency markets in the backdrop of weak U.S. economic data, knocking the Australian dollar and the euro lower. With U.S. markets shut for a holiday on Monday and Joe Biden set to be inaugurated as the next U.S. President on Wednesday, major currencies remained within well-worn ranges expecting some volatility later in the week. After a dollar selloff last year, the opening weeks of 2021 has seen a reversal of fortunes with a broad dollar basket rising nearly 2% so far t...

Dollar Edges Higher; Risk Events Prompt Safe Haven Demand

Monday,   18-Jan-2021   01:54 (IST)

The dollar edged higher Monday, clinging to small gains as traders turn to the safe haven as doubts about the global economic recovery rise while Covid-19 cases surge. At 3:55 AM ET (0755 GMT), the U....

Yen gains, euro squeezed as recovery doubts creep in

Monday,   18-Jan-2021   09:48 (IST)

The dollar clung to gains on Monday and the Japanese yen edged higher as softening U.S. economic data and rising global coronavirus cases kept investors cautious, while lockdowns and Italian political...

Dollar pokes higher as U.S. soft data sours mood; China GDP in focus

Monday,   18-Jan-2021   09:03 (IST)

The dollar held late-week gains on Monday as softening U.S. economic data and rising coronavirus cases turned investors cautious. Against a basket of currencies the dollar hovered around a one-month h...

Dollar rises as currency markets turn risk-averse; Aussie and Kiwi fall

Friday,   15-Jan-2021   03:18 (IST)

The dollar rose and riskier currencies fell on Friday, as President-elect Joe Biden rolled out a $1.9 trillion stimulus plan that was offset by fresh U.S.-China tensions and a rise in COVID-19 infecti...

Dollar Edges Higher; Dovish Powell Limits Gains

Friday,   15-Jan-2021   02:52 (IST)

The dollar edged higher Friday after President-elect Joe Biden outlined his plans for additional stimulus, but gains are likely to be limited after Federal Reserve Chairman Jerome Powell declined to j...

Dollar rebound falters as Fed's Powell strikes dovish tone

Friday,   15-Jan-2021   09:37 (IST)

The dollar's rebound from a nearly three-year low faltered after Federal Reserve Chair Jerome Powell said on Thursday that interest rates would not rise any time soon. release of details of Presid...

Bolstered by BoE rate talk, pound keeps up pressure on dollar, euro

Thursday,   14-Jan-2021   04:41 (IST)

Sterling rose on Thursday as pushed-back expectations for negative interest rates from the Bank of England and hopes for a quicker economic recovery in Britain given its lead in vaccinations across Eu...

Dollar Just Lower; Treasury Yields and Powell in Focus

Thursday,   14-Jan-2021   02:30 (IST)

The dollar edged marginally lower Thursday, pausing its recent rebound from near three-year lows on the back of higher U.S. yields as traders expect further substantial stimulus measures. At 3:55 AM E...

Dollar Up as Investors Await Biden’s “Trillions” in U.S. Stimulus Plans

Thursday,   14-Jan-2021   10:26 (IST)

The dollar was up on Thursday morning in Asia, continuing a rebound from near three-year lows against major peers as investors await U.S. President-elect Joe Biden’s plans for further stimulus m...