Dollar rises to 2-year high after strong data dims rate-cut prospects
1 day, 15 hours ago

Dollar rises to 2-year high after strong data dims rate-cut prospects

Live Mint  

The dollar hit fresh highs against several currencies, continuing its rise after Friday’s strong U.S. jobs data further dimmed prospects for Federal Reserve interest-rate cuts this year. Continued weakness in the yuan saw Chinese officials pledge to defend the currency as prospects of U.S. trade tariffs raise concerns. “The big question for the market now is whether the Fed really needs to cut at all this year," ING’s global head of markets Chris Turner said in a note. The dollar’s strength and rising U.S. bond yields are “pressure-testing the financial system," ING’s Turner said, with U.K. bond yields hitting multi-year highs and the Chinese yuan close to 16-month lows against the dollar.

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History of this topic

Tariffied? Markets feeling the most pinch from Trump tariff risks
6 days, 15 hours ago

Tariffied? Markets feeling the most pinch from Trump tariff risks

The Hindu  

From China to Europe, Canada to Mexico, world markets are already reeling from Donald Trump's promise to jack up tariffs when he becomes U.S. president in less than two weeks. But traders, speculating that tariffs could boost U.S. inflation, anticipate just 40 bps of Fed rate cuts, enhancing the dollar's appeal over the euro. A full-fledged trade war necessitating additional …

Yuan eases to 16-month low, pressured by strong dollar
6 days, 21 hours ago

Yuan eases to 16-month low, pressured by strong dollar

Live Mint  

SHANGHAI, Jan 8 - China's yuan fell to a 16-month low on Wednesday, pressured by a strong dollar and tariff threats from U.S. President-elect Donald Trump's incoming administration, despite the central bank setting stronger-than-expected guidance. "The yuan is expected to face depreciation pressure, not only from tariff hikes but also from a significantly stronger dollar," said Wang Tao, chief China …

Dollar on track for best week in a month
1 week, 4 days ago

Dollar on track for best week in a month

Live Mint  

* Dollar lower, but on track for best week in two months * Dour euro zone outlook weighs on euro this week * Traders price in about 40 bps of Fed rate cuts in 2025 By Karen Brettell NEW YORK, Jan 3 - The dollar dipped on Friday but was on track for its strongest weekly performance in a month …

Dollar stands tall in 2024, propped up by cautious Fed, Trump trade
2 weeks, 1 day ago

Dollar stands tall in 2024, propped up by cautious Fed, Trump trade

Live Mint  

By Ankur Banerjee SINGORE, - The dollar was firm on the last trading day of the year, poised to clock strong gains in 2024 against most currencies as investors prepared for fewer U.S. rate cuts and the incoming Trump administration's policies. Goldman Sachs strategists though expect three rate cuts from the Fed next year, confident that inflation will still trend …

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 …

Vivek Kaul: Trump’s tariffs won’t kill the dollar’s exorbitant privilege
3 weeks ago

Vivek Kaul: Trump’s tariffs won’t kill the dollar’s exorbitant privilege

Live Mint  

Aldous Huxley, the English writer and philosopher, once said: “That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach." President-elect Donald Trump has been warning of imposing tariffs on countries with which the US has a trade deficit—that is, countries from which the US imports …

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 …

Sticky US inflation and Trump tariffs cast doubt on Fed’s rate cut path, say experts
1 month ago

Sticky US inflation and Trump tariffs cast doubt on Fed’s rate cut path, say experts

Live Mint  

Although US CPI inflation recorded its sharpest increase in seven months, it aligned with forecasts and did not disrupt expectations of a 25 bps rate cut by the US Federal Reserve next week. However, the November inflation data highlighted that the Fed still faces significant challenges in bringing inflation below its 2 per cent target, leaving the outlook for future …

‘Let yuan fall’: China’s new mantra to counter Trump tariff as Xi battles to revive economy
1 month ago

‘Let yuan fall’: China’s new mantra to counter Trump tariff as Xi battles to revive economy

Firstpost  

China is considering allowing its currency yuan to weaken in 2025 as the country braces for higher US trade tariffs as Donald Trump returns to the White House on January 20, 2025 As per analysts, the yuan may fall to 7.37 per dollar by the end of 2025, though a key factor will be how much Donald Trump raises tariffs …

Euro drops vs strengthening dollar, French politics weigh
1 month, 1 week ago

Euro drops vs strengthening dollar, French politics weigh

Live Mint  

* Euro drops as concerns about French politics weigh * Markets still do not price in a government collapse in France * Dollar rises after first weekly fall since September * Yen off highs, ponder chance of BOJ rate hike By Stefano Rebaudo and Wayne Cole Dec 2 - The euro dropped on Monday versus a strengthening U.S. dollar on …

“Find another sucker”: Trump threatens 100% tariff on countries that resist U.S. dollar
1 month, 1 week ago

“Find another sucker”: Trump threatens 100% tariff on countries that resist U.S. dollar

Salon  

President-elect Donald Trump's tariff threats continued on Saturday with a pledge to enact 100% tariffs on a bloc of nine countries if they shift away from the U.S. dollar in international trade. “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar,” Trump …

Trump tariff vow hit
1 month, 2 weeks ago

Trump tariff vow hit

Live Mint  

By Alden Bentley NEW YORK, - A pledge by President-elect Donald Trump to impose tariffs on products from Canada, Mexico and China sent their currencies lower against the dollar on Tuesday, renewing the specter of trade wars and fanning uncertainty in other currency pairs. But, of course, the peso is vulnerable to falling into those multi-year lows against the U.S. …

Dollar eyes weekly gain on slower Fed easing, inflation outlook
2 months ago

Dollar eyes weekly gain on slower Fed easing, inflation outlook

Live Mint  

By Rae Wee SINGORE - The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. "Markets just took comments at face value and therefore scaled back expectations for the …

Dollar eyes weekly gain on slower Fed easing, inflation outlook
Trending News
2 months ago

Dollar eyes weekly gain on slower Fed easing, inflation outlook

Live Mint  

By Rae Wee SINGORE, - The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. "Markets just took comments at face value and therefore scaled back expectations for the …

US Dollar hits one-year high amid Donald Trump's economic policies
2 months ago

US Dollar hits one-year high amid Donald Trump's economic policies

Hindustan Times  

The U.S. dollar revisited a one-year high against major peers on Thursday, as a fourth straight winning session from momentum sparked by Donald Trump's election victory eclipsed a rise in bets for Federal Reserve easing. On Thursday, the U.S. dollar hit a one-year high as Trump's election momentum continued, while bitcoin soared to a record $93,480. Elsewhere, the Australian dollar …

Dollar hits one-year high on Trump trades
Trending News
2 months ago

Dollar hits one-year high on Trump trades

Live Mint  

* Bitcoin surges to new all-time peak * Yen drops below 155 per dollar * Euro falls to one-year low * Dollar index hits highest since November 2023 By Chibuike Oguh NEW YORK, - The U.S. dollar advanced to one-year high against major currencies on Wednesday powered by so-called Trump trades and after U.S. inflation for October came in as …

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy
2 months ago

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy

Live Mint  

The United States dollar rose to nearly a seven-month high against major currencies on Wednesday, November 13, after the U.S. inflation data for October showed an increase, in line with market expectations and hinted that the Federal Reserve would keep cutting rates, reported the news agency Reuters. The US dollar rose to its highest level since April 16, fueled by …

Dollar Gains Before US CPI as Rate Bets Are Pared: Markets Wrap
2 months ago

Dollar Gains Before US CPI as Rate Bets Are Pared: Markets Wrap

Live Mint  

The dollar climbed for a fourth day and Asian stocks fell ahead of key inflation data that may further sap confidence in the pace of Federal Reserve interest-rate cuts. In addition, market watchers expect US president-elect Donald Trump’s proposed tax and tariff policies to further drive up inflation, with his key picks for administration posts signaling a tough stance against …

US dollar and bitcoin advance spurred by Trump tariff expectations
2 months ago

US dollar and bitcoin advance spurred by Trump tariff expectations

Live Mint  

* Dollar index rises to 6-1/2-month high * Bitcoin hits record high on Trump tariff promise * Euro sinks to lowest since November 2023 By Chibuike Oguh and Harry Robertson NEW YORK/LONDON, - The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a record high amid expectations of inflationary …

US dollar and bitcoin advance spurred by Trump tariff expectations
2 months ago

US dollar and bitcoin advance spurred by Trump tariff expectations

Live Mint  

By Chibuike Oguh and Harry Robertson NEW YORK/LONDON -The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a record high amid expectations of inflationary import tariffs from Republican President-elect Donald Trump Bitcoin gained 1.88% to $89,683.00, slightly below a new all-time peak of $89,982. "It's still an extension of …

China's yuan weakens to 3-1/2-month low as Trump tariff threat weighs
2 months ago

China's yuan weakens to 3-1/2-month low as Trump tariff threat weighs

Hindustan Times  

SHANGHAI, - China's yuan skidded to a 3-1/2-month low against the dollar on Tuesday, hurt by broad strength in the U.S. currency and persistent market worries over higher tariffs on Chinese goods during Donald Trump's second presidency. During Trump's first presidency, the yuan weakened about 5% against the dollar in the initial round of U.S. tariffs on Chinese goods in …

Bitcoin crosses $89,000 as Trump vows to make US 'crypto capital of the planet'
2 months ago

Bitcoin crosses $89,000 as Trump vows to make US 'crypto capital of the planet'

India Today  

The US dollar traded close to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration. The euro languished near an almost seven-month trough reached overnight, while the yuan wallowed close to a more than three-month low with Europe and …

Dollar Rises to Yearly High as Trump’s White House Win Keeps Powering Gains
2 months ago

Dollar Rises to Yearly High as Trump’s White House Win Keeps Powering Gains

Live Mint  

The dollar rose Monday, touching its highest level in a year as the US currency added to advances fueled by Donald Trump’s win in the presidential race. The Bloomberg Dollar Spot Index rose as much as 0.7% Monday to the highest level since November 2023, with traders betting that Trump’s trade policies will boost the greenback and weigh on major …

Dollar on track for weekly gain after Trump election win
2 months ago

Dollar on track for weekly gain after Trump election win

Live Mint  

* US currency may consolidate on uncertainty over Trump policies * Japanese yen suffers from widening interest rate differential By Karen Brettell and Stefano Rebaudo Nov 8 - The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican Donald Trump as U.S. president. …

Dollar on track for weekly gain after Trump election win
2 months, 1 week ago

Dollar on track for weekly gain after Trump election win

Live Mint  

By Karen Brettell and Stefano Rebaudo -The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican Donald Trump as U.S. president. “We don't really know how much was campaign rhetoric, how much is a negotiating position, how much of it is speaking principle,” …

Canadian dollar rebounds as investors rethink tariff risk
2 months, 1 week ago

Canadian dollar rebounds as investors rethink tariff risk

Live Mint  

* Canadian dollar gains 0.6% against the greenback * Trades in a range of 1.3851 to 1.3948 * Price of U.S. oil settles 0.9% higher * Bond yields ease across the curve By Fergal Smith TORONTO, Nov 7 - The Canadian dollar strengthened against its U.S. counterpart on Thursday as the Federal Reserve cut interest rates and investors grew less …

The Trump effect: Global stock markets surge while Bitcoin jumps to a record high as The Donald claims election victory
Trending News
2 months, 1 week ago

The Trump effect: Global stock markets surge while Bitcoin jumps to a record high as The Donald claims election victory

Daily Mail  

Global stock markets and the dollar surged this morning as Donald Trump claimed victory in the US presidential election. Meanwhile London's stock market rose 0.9 per cent, Paris climbed 1.0 percent and Frankfurt advanced 0.8 percent as they rallied at the start of trading this morning. Trump went on to paint a positive vision for the next four years under …

Why inflation could rise and interest rates remain elevated under a Trump presidency
2 months, 1 week ago

Why inflation could rise and interest rates remain elevated under a Trump presidency

CNN  

London CNN — Inflation is likely to rise in the United States and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike tariffs on all imported goods. Trump’s proposed economic policies — including deporting immigrants, across-the-board tariffs and increased political influence on the Fed …

Wall Street hits record high after Trump victory
2 months, 1 week ago

Wall Street hits record high after Trump victory

The Telegraph  

US stocks markets rocketed to record highs and the dollar surged at its fastest pace since the Brexit referendum after Donald Trump’s election victory. The Dow Jones Industrial Average surged 3.3pc to an all-time peak of 43,614.51 on Wall Street, recording its biggest jump in a single day in two years. The tech-heavy Nasdaq Composite rose as much as 2.5pc …

Dollar dips as US voters head to polls
2 months, 1 week ago

Dollar dips as US voters head to polls

Live Mint  

By Karen Brettell and Amanda Cooper -The U.S. dollar fell as U.S. voters headed to the polls on Tuesday, with the results of the elections likely to decide at least the near-term fate of the greenback. my sense is that people are cautious," said Steve Englander, head of global G10 FX research and North America macro strategy at Standard Chartered …

Dollar rises after August U.S. payrolls report paints mixed picture
4 months, 1 week ago

Dollar rises after August U.S. payrolls report paints mixed picture

The Hindu  

The dollar rose in volatile trading on Friday after data showed U.S. employment grew less than expected in August, but indicated only a steady slowdown in the labour market, likely supporting gradual interest rate cuts by the Federal Reserve. "A half-point rate cut at the central bank’s September meeting remains unlikely, but today’s release provided clear evidence of a sharp …

Dollar struggles to find footing on rising bets of outsized Fed cut
4 months, 1 week ago

Dollar struggles to find footing on rising bets of outsized Fed cut

The Hindu  

The dollar stayed on the back foot on Thursday as renewed concerns over the U.S. economy's growth outlook bolstered expectations of a supersized rate cut from the Federal Reserve this month. Global markets have been on edge and stocks, in particular, have been badly bruised after softer-than-expected U.S. data this week reignited concerns that the growth outlook of the world's …

Dollar Dips Against Euro as Jobs Gains Offset by Negative Revisions
1 year, 8 months ago

Dollar Dips Against Euro as Jobs Gains Offset by Negative Revisions

News 18  

The dollar gave back earlier gains against the euro but stayed stronger against the yen on Friday after jobs gains and wage growth for April beat economists’ forecasts but showed downward jobs revisions for March. ”For us the resolution ultimately is for consistently weaker U.S. data and a weaker dollar ultimately and a more dovish Fed.” Fed funds futures traders …

‘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 …

Explained | What will be the impact of euro-dollar parity?
2 years, 5 months ago

Explained | What will be the impact of euro-dollar parity?

The Hindu  

The story so far: The euro and the U.S. dollar reached parity on Tuesday, meaning one dollar could buy one euro in the foreign exchange market. Analysts believe that the divergence in the monetary policies of the U.S. Federal Reserve and the European Central Bank is the primary reason behind the euro’s significant depreciation against the U.S. dollar. The U.S. …

U.S. inflation reached a new 40-year high of 9.1% in June
2 years, 6 months ago

U.S. inflation reached a new 40-year high of 9.1% in June

LA Times  

U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively — trends that raise the risk of a recession. The government’s consumer price index soared 9.1% in June from June 2021, the biggest year-over-year increase since 1981, with …

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 …

Oil prices sink on 'fear of recession', ASX struggles as Australian dollar hits two-year low
2 years, 6 months ago

Oil prices sink on 'fear of recession', ASX struggles as Australian dollar hits two-year low

ABC  

Renewed worries about a global recession have led to sharp falls in the Australian dollar, commodity prices, and global markets. Key points: The ASX 200 has fallen by 11pc since the year began US crude oil dropped below $US100 a barrel The euro sank to its lowest level in almost 20 years Oil prices were hit hardest, plunging by around …

Dollar’s slump propels global peers toward multi-year peaks
4 years, 1 month ago

Dollar’s slump propels global peers toward multi-year peaks

Live Mint  

The dollar’s protracted decline is spurring Group-of-10 peers toward multi-year highs. China’s economic rebound and bets on a successful roll-out of vaccines are bringing key levels into play for currencies from the euro to the Aussie and the Canadian dollar. “The improving outlook for global growth, combined with strong signals from the Fed that it will maintain loose monetary policy …

Coronavirus fears have pushed the US dollar to a three-year high
4 years, 10 months ago

Coronavirus fears have pushed the US dollar to a three-year high

CNN  

New York CNN Business — The US dollar index reached a three-year high as investors worried about the global coronavirus outbreak are moving their money into the safe-haven greenback. Investments considered safe in times of market turmoil have been rallying since the outbreak became Wall Street’s number one worry in January. The ICE US dollar index finished the week at …

Trump’s unrelenting global trade wars have sealed our financial fate
5 years, 5 months ago

Trump’s unrelenting global trade wars have sealed our financial fate

The Independent  

I keep a 1 yuan coin on my keyboard. The Chinese authorities’ response has been to allow the renminbi to drift lower – “manipulating” it, in US terms. Indeed, the yield on long-dated German government bonds has turned negative, meaning that you, the “depositor”, will actually get marginally less back in cash terms in three decades than you have lent …

US-China trade war intensifies: Donald Trump administration designates Beijing a currency manipulator
5 years, 5 months ago

US-China trade war intensifies: Donald Trump administration designates Beijing a currency manipulator

Firstpost  

The Trump administration’s dramatic move against China hastened the risk aversion seen in global markets this week Tokyo: Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in a rapid escalation of the US-China trade war. “Following the latest development in the US-China trade war, …

Trump labels China a currency manipulator as trade war escalates
5 years, 5 months ago

Trump labels China a currency manipulator as trade war escalates

CNN  

Washington CNN — President Donald Trump’s trade war with China amplified one step further on Monday after his Treasury Department formally labeled the country’s second largest trading partner a “currency manipulator,” marking a tense standoff that risks weakening the entire global economy. The escalating rift boiled over on Monday as Trump fulfilled his threat to fight back against China’s decision …

US dollar extends rise amid ecominc data, euro slips
5 years, 7 months ago

US dollar extends rise amid ecominc data, euro slips

India TV News  

US dollar rose slightly as investors digested the latest economic data as well as remarks from central bank officials, on Tuesday. The dollar index measured the greenback against six major peers and reported that it was up 0.13 percent at 98.0631 in late trading In late New York trading, the Euro was down to 1.1157 dollars from 1.1168 dollars in …

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