Dollar hits rough patch after strong start to 2021
3 years, 9 months ago

Dollar hits rough patch after strong start to 2021

Live Mint  

The dollar has slipped this month as the Federal Reserve stuck to its message that it won’t raise interest rates soon despite forecasts that the U.S. economy will recover faster than its peers. The dollar has tended to fall against other currencies in April over the past 10 years, Mr. Brennan said, as a result of disappointing economic data such as gross domestic product. Steve Englander, head of global FX research and North America macro strategy at Standard Chartered, said a broader economic recovery would extend the long-term trend of a move out of dollars by global asset managers, and particularly central banks that manage large foreign-currency reserves. “Our expectations of a bounce in global growth and ongoing stimulus do not provide much reason for reserve managers to reverse and start re-accumulating dollars," Mr. Englander said.

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History of this topic

A bond selloff is rocking the world. You might want to take the other side.
Trending News
2 days, 21 hours ago

A bond selloff is rocking the world. You might want to take the other side.

Live Mint  

Wall Street is really worried about bonds. On Friday, a jobs report that blew past expectations pushed yields on 10-year Treasurys to 4.772%, the highest close since Nov. 1, 2023, and those on 30-year paper to 4.962%. Rather, it might be the result of investors applying a higher discount or “term premium" to hold long-term bonds, estimates by the Federal …

Last Time Bond Yields Surged Like This, Stock Markets Sank
Trending News
1 week ago

Last Time Bond Yields Surged Like This, Stock Markets Sank

Live Mint  

There’s room for stock markets to fall further as bond yields approach levels that have been painful for equities in recent years. The US 10-year Treasury yield climbed to levels just shy of 4.7%, the highest since April after an almost uninterrupted surge of more than one percentage point since mid-September. “Equity/bond yield correlations have turned negative again,” Goldman Sachs …

Stock market today: Wall Street slumps as good news for the economy is once again bad for stocks
1 week, 1 day ago

Stock market today: Wall Street slumps as good news for the economy is once again bad for stocks

Associated Press  

NEW YORK — Good news on the U.S. economy is back to being bad for Wall Street, and the stock market slumped Tuesday following better-than-expected reports on the job market and business activity. Now that worries from the summer about a potentially slowing U.S. economy have abated and the 10-year Treasury yield is firmly above 4.50%, “we believe the market …

Why the dollar’s epic rally could have a little further to run
2 weeks ago

Why the dollar’s epic rally could have a little further to run

Live Mint  

The U.S. dollar is entering the new year on a high—and most signs point to more strength ahead. U.S. government finances are also shakier than in Trump’s first term, with the federal-budget deficit above 6% of gross domestic product, compared with 3.1% in 2016. View Full Image Graphic: WSJ View Full Image Graphic: WSJ The dollar’s decadelong rise has confounded …

Dollar edges up on bets of US growth, inflation
2 weeks, 5 days ago

Dollar edges up on bets of US growth, inflation

Live Mint  

By Karen Brettell NEW YORK - The U.S. dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation. Looser business regulations and tax cuts are expected to help propel U.S. growth next year while analysts say that a clamp-down …

Dollar rebounds from inflation data drop, euro dips
3 weeks, 1 day ago

Dollar rebounds from inflation data drop, euro dips

Live Mint  

By Chuck Mikolajczak NEW YORK -The dollar rebounded while the euro dipped on Monday, as market moves were being dictated by recent global central bank meetings that set expectations for diverging rate cut paths next year. "The key for the dollar right now is the policy divergence, and Powell going from more worried about unemployment than inflation, and then the …

World economy to accelerate in 2025, but recovery threatened by higher tariffs, OECD says
1 month, 1 week ago

World economy to accelerate in 2025, but recovery threatened by higher tariffs, OECD says

Live Mint  

The global economy is set to grow at slightly a faster pace next year as inflation continues to cool, but could falter if tariffs rise and governments fail to narrow wide budget deficits, the Organization for Economic Cooperation and Development said Wednesday. “Growth continues to be resilient," said Alvaro Pereira, the OECD’s chief economist, in an interview with The Wall …

Dollar eases as Treasuries rally on Bessent Treasury nomination
1 month, 2 weeks ago

Dollar eases as Treasuries rally on Bessent Treasury nomination

Live Mint  

* Treasuries rally as investors see Bessent as fiscal hawk * Dollar eases from two-year high, due some consolidation * Market sees more policy easing from ECB, less from Fed By Alden Bentley, Medha Singh and Wayne Cole NEW YORK, Nov 25 - The dollar backpedaled from two-year highs on Monday, while U.S. Treasury markets cheered Donald Trump's pick of …

America’s strengthening dollar will rattle the rest of the world
2 months ago

America’s strengthening dollar will rattle the rest of the world

Live Mint  

In 1971 John Connally, then the American treasury secretary, told his European counterparts that the dollar was “our currency, but your problem". Over the following half-century the global economy has transformed, but Connally’s adage still rings true: even though the value of the dollar remains largely set by domestic developments in America, its swings almost always send ripples across the …

Dollar Soars to 2-1/2-Month Peak as US Rates, Election Eyed
Trending News
2 months, 3 weeks ago

Dollar Soars to 2-1/2-Month Peak as US Rates, Election Eyed

Live Mint  

The US dollar has been on a strong upward trajectory in recent weeks, driven by positive economic data and expectations of a Fed pause in interest rate cuts. The greenback has reached a 2-1/2-month high, with the market pricing in an 89.6% chance for a 25 basis point cut at the Fed's upcoming meeting. However, the dollar's rise is also …

A Soft Landing in the U.S. Could Be Hard for Everyone Else
1 year, 3 months ago

A Soft Landing in the U.S. Could Be Hard for Everyone Else

Live Mint  

The U.S. economy might be heading for a soft landing. Surprising strength in the U.S. economy poses a threat to the rest of the world, portending higher interest rates for longer and a stronger dollar that will weigh on other countries’ growth. Fragmentation Strong U.S. economic data, including September’s blockbuster hiring report, helped send Treasury yields to 16-year highs as …

Dollar’s Resurgence Is a Headache for the Rest of the World
1 year, 3 months ago

Dollar’s Resurgence Is a Headache for the Rest of the World

Live Mint  

The dollar bounced back with a vengeance in the third quarter, threatening global central bankers’ tricky task of bringing down inflation while protecting fragile economic growth. “The markets have consistently tried to price in rosy scenarios which were associated with a weaker dollar and they continue to be surprised that the reality isn’t quite as rosy,” said Maurice Obstfeld, former …

US Stocks Rise and Treasury Yields Dip as Data Shows Inflation is Cooling
1 year, 8 months ago

US Stocks Rise and Treasury Yields Dip as Data Shows Inflation is Cooling

News 18  

U.S. stocks advanced on Friday and benchmark Treasury yields dipped on a week marked by strong earnings, ending a solid month with data confirming inflation is cooling, which could allow the Federal Reserve to pause after next week’s expected rate hike. “It’s the last day of a fairly solid month, along with the realization that this earnings season continues to …

‘Bad situation’: Soaring US dollar spreads pain worldwide
2 years, 2 months ago

‘Bad situation’: Soaring US dollar spreads pain worldwide

Associated Press  

The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send his wife and year-old daughter to live with his parents in a village 70 miles south of the Egyptian capital to save money. “A strong dollar makes a bad situation worse in the rest of the world,’’ says Eswar Prasad, a professor …

‘Bad situation’: Soaring U.S. dollar spreads pain worldwide
2 years, 2 months ago

‘Bad situation’: Soaring U.S. dollar spreads pain worldwide

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. An auto parts dealer in Nairobi, a seller of …

‘Bad situation’: Soaring U.S. dollar spreads pain worldwide
2 years, 2 months ago

‘Bad situation’: Soaring U.S. dollar spreads pain worldwide

LA Times  

Workers wait for customers outside a car parts shop in Kenya’s capital, Nairobi, Kenya. “A strong dollar makes a bad situation worse in the rest of the world,’’ says Eswar Prasad, a professor of trade policy at Cornell University. The pound recently flirted with dollar parity after Britain’s new prime minister, Liz Truss, announced huge tax cuts that roiled financial …

EXPLAINED: How the Strong US Dollar Can Affect Everyone
2 years, 3 months ago

EXPLAINED: How the Strong US Dollar Can Affect Everyone

News 18  

The buck isn’t stopping. Here’s a look at what’s driving the U.S. dollar higher and what it can mean for investors and households: WHAT DOES IT MEAN TO SAY THE DOLLAR IS STRONGER? The U.S. Dollar index, which measures the dollar against the euro, yen and other major currencies, has climbed more than 14% this year. Partly because of that …

EXPLAINER: How the strong U.S. dollar can affect everyone
2 years, 3 months ago

EXPLAINER: How the strong U.S. dollar can affect everyone

Associated Press  

NEW YORK — The buck isn’t stopping. Here’s a look at what’s driving the U.S. dollar higher and what it can mean for investors and households: WHAT DOES IT MEAN TO SAY THE DOLLAR IS STRONGER? That’s about 30% more and one of the biggest moves the U.S. dollar has made against another currency. The U.S. Dollar index, which measures …

Dollar’s rise spells trouble for global economies
2 years, 3 months ago

Dollar’s rise spells trouble for global economies

Live Mint  

The U.S. dollar is experiencing a once-in-a-generation rally. “It’s not going to be contained.” A stronger dollar makes the debts that emerging-market governments and companies have taken out in U.S. dollars more expensive to pay back. “Whether the ECB turns more hawkish, whether there’s some improvement on the economic outlook, whatever happens, it’s generally offset by further dollar strength,” he …

What a strong dollar means for the rest of the world
2 years, 5 months ago

What a strong dollar means for the rest of the world

Live Mint  

The U.S. dollar is stronger than it has been in decades and the effects of its rapid rise are reverberating across the globe. While currencies in emerging markets typically feel pressure when investors flock to a strong dollar, those of developed countries also have fallen. Outflows excluding China have been on par with previous macroeconomic shocks, according to IIF chief …

With US dollar nearly equal to euro, impact is being felt
2 years, 6 months ago

With US dollar nearly equal to euro, impact is being felt

Associated Press  

WASHINGTON — The U.S. dollar has been surging so much that it’s nearly equal in value to the euro for the first time in 20 years. Also contributing to the currency’s appeal, notes Rubeela Farooqi of High Frequency Economics, is that despite concern about a potential recession in the United States, “the U.S. economy is on firmer footing compared to …

US stocks gain, Treasury yields hit multi-year highs ahead of expected rate hike
2 years, 8 months ago

US stocks gain, Treasury yields hit multi-year highs ahead of expected rate hike

Live Mint  

Wall Street recovered some lost ground on Monday and benchmark U.S. Treasury yields hit a 3-1/2-year high at the start of an eventful week of corporate earnings, economic data, and an expected interest rate hike from the U.S. Federal Reserve. All three major U.S. stock indexes were last modestly green as the 10-year Treasury yield crept closer to the 3% …

Fading hopes of big US spending pull down yields overseas
4 years, 2 months ago

Fading hopes of big US spending pull down yields overseas

Live Mint  

The election-induced drop in Treasury yields rippled overseas, dragging down borrowing costs in Europe as investors wrote off hopes that a big U.S. spending package could give the global economy a jolt. German 10-year yields hovered around their lowest levels since March on Thursday, dropping to minus 0.657% in early trading before rebounding to minus 0.636%, slightly above Wednesday’s close, …

Stock rebound stalls as doubts about US stimulus package to fight coronavirus outbreak response grows
4 years, 10 months ago

Stock rebound stalls as doubts about US stimulus package to fight coronavirus outbreak response grows

Firstpost  

Many analysts say investors need to remain on guard for further market volatility because the coronavirus still poses a risk to public health in many countries, which could place additional strain on the global economy Tokyo: Asian shares and Wall Street futures fell on Wednesday as growing scepticism about Washington’s stimulus package to fight the coronavirus outbreak knocked the steam …

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