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 its highest level since April 2017, even though it traded in the red Friday. Apple was the most high profile company to announce it won’t meet its first quarter revenue guidance due to the outbreak’s impact.

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History of this topic

Dollar rises to 2-year high after strong data dims rate-cut prospects
1 day, 20 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 …

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 …

Asian stocks, dollar hold their own to close out strong 2024
2 weeks, 1 day ago

Asian stocks, dollar hold their own to close out strong 2024

Live Mint  

* Most Asian stock markets eke out gains for the year * Dollar dominates, set for strong annual gain * Gold soars 26% in bumper 2024 * Thin volumes ahead of New Years holiday; Japan markets shut By Ankur Banerjee SINGAPORE, Dec 31 - Asian stocks eased on Tuesday in cautious end-of-year trading that has seen investors scale back bets …

Asia shares rise, dollar supported by elevated bond yields
Trending News
3 weeks, 1 day ago

Asia shares rise, dollar supported by elevated bond yields

Live Mint  

* Chinese authorities pledge more support for economy * Fed outlook remains top of investors' minds * Dollar, US yields steady near milestone highs By Rae Wee SINGAPORE, Dec 24 - Asian stocks edged up on Tuesday, though moves were subdued in a holiday-curtailed week, while the greenback held near a two-year high helped by elevated U.S. Treasury yields as …

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 …

Global stock index falls, bond yields rise ahead of rate decisions
1 month ago

Global stock index falls, bond yields rise ahead of rate decisions

Live Mint  

* Wall Street stocks end close to flat, Europe ends down * Oil prices settle higher, * Dollar rises against yen, falls against the Euro By Sinéad Carew and Harry Robertson NEW YORK/LONDON Dec 13 - MSCI's global equity gauge fell on Friday while bond yields climbed as investors waited for clues about the future path for interest rates from …

Trump vows to defend U.S. dollar hegemony, but is it under threat?
1 month, 1 week ago

Trump vows to defend U.S. dollar hegemony, but is it under threat?

Raw Story  

U.S. President-elect Donald Trump has threatened retaliation against governments that challenge the US dollar, vowing "100 percent tariffs" on countries that undercut the US currency. "The US dollar remains as dominant as ever as a global funding currency, a payment currency for international transactions, and a reserve currency," said Eswar Prasad, a professor of international trade policy at Cornell University …

Gold near 3-week high on softer US dollar, geopolitical concerns
Trending News
1 month, 3 weeks ago

Gold near 3-week high on softer US dollar, geopolitical concerns

Live Mint  

Nov 25 - Gold prices ticked higher on Monday, nearing a three-week high, supported by a weaker U.S. dollar and safe-haven demand amid rising geopolitical tensions, as investors awaited more data to gauge the U.S. Federal Reserve's policy outlook. * Data on Friday showed that U.S. consumer sentiment ticked up for a fourth straight month in November, led by a …

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 …

Stocks fall as rally stalls, yields climb on Trump policy worry
Trending News
2 months ago

Stocks fall as rally stalls, yields climb on Trump policy worry

Live Mint  

By Chuck Mikolajczak NEW YORK -A gauge of global stocks fell on Tuesday after five straight sessions of gains while the dollar hit its highest level in over four months as investors assess the impact of U.S. President-elect Donald Trump's likely policies on growth and inflation. But concerns that Trump's policies could rekindle inflation after a long battle to reduce …

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 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,” …

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 …

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 …

US Bonds slip as market volatility hits one-year high amid US election results; Spot dollar index down
2 months, 1 week ago

US Bonds slip as market volatility hits one-year high amid US election results; Spot dollar index down

Live Mint  

-- US Treasuries fell and a gauge of bond volatility rose to the highest in a year as traders counted down to a presidential election that remains too close to call. “Harris is the status quo outcome for policy but not necessarily for markets,” said Meera Chandan, co-head of global FX strategy at JPMorgan Chase & Co. in a Bloomberg …

China's foreign exchange reserves total $3.2224t
6 months, 1 week ago

China's foreign exchange reserves total $3.2224t

China Daily  

Xinhua | Updated: 2024-07-08 10:11 BEIJING - China's foreign exchange reserves stood at $3.2224 trillion at the end of June 2024, official data showed Sunday. The amount shrank by 0.3 percent compared with the previous month, the State Administration of Foreign Exchange said, attributing the decrease to the combined impact of currency translation and asset price changes. The Chinese economy …

Global Market Update: Dow, S&P 500 slump, US Treasury yields hit 16-year high
1 year, 3 months ago

Global Market Update: Dow, S&P 500 slump, US Treasury yields hit 16-year high

Live Mint  

Global Market Update: The Dow and S&P 500 were lower on Monday with utilities falling sharply, Nasdaq barely changed as investors weighed the likelihood that the Fed will hold interest rates higher for longer. Majority of US stocks fell alongside oil-and-gas stocks, with 85% of S&P 500 stocks dropping, but gains for Apple and some other influential Big Tech stocks …

Rupee rises 5 paise to 83.05 against U.S. dollar
1 year, 4 months ago

Rupee rises 5 paise to 83.05 against U.S. dollar

The Hindu  

The rupee recovered from its all-time low levels and appreciated by 5 paise to 83.05 against the U.S. dollar in early trade on Monday tracking a positive trend in domestic equities. Forex traders said the rupee is likely to trade with a negative bias on risk aversion in global markets and a rising U.S. dollar. On Friday, the rupee edged …

China’s Yuan Hits 15-year Low, Days After Xi Extends Rule
2 years, 2 months ago

China’s Yuan Hits 15-year Low, Days After Xi Extends Rule

News 18  

China’s yuan hit a 15-year low against the US dollar on Tuesday, with investors spooked after President Xi Jinping gained complete dominance over the Communist Party at a key meeting last week. The offshore yuan — which is circulated outside mainland China and is more freely traded than currency in the domestic market — fell to 7.3735 against the dollar, …

‘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 …

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 hit records after Trump signs $900B aid package
4 years ago

US stocks hit records after Trump signs $900B aid package

Associated Press  

Stocks began the final week of 2020 with more gains Monday, nudging the major U.S. indexes to record highs. The broad rally came as investors welcomed the decision by President Donald Trump to sign a $900 billion coronavirus economic aid package. “By and large, it’s a kind of broad-based optimism, so-far-so-good on the vaccine rollout, and the stimulus bill to …

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 …

The dollar is weak. Investors bet it will slide even more
4 years, 1 month ago

The dollar is weak. Investors bet it will slide even more

Live Mint  

The dollar hit its lowest levels against a basket of currencies in more than two years this week—and investors think it’ll fall further. A commentary from market strategists at Citigroup recently predicted the dollar could see an additional 20% drop in 2021, as foreign investors move to protect themselves from currency fluctuations in their existing U.S. holdings. “The dollar appears …

US dollar falls to 2018 lows amid covid vaccine optimism
4 years, 1 month ago

US dollar falls to 2018 lows amid covid vaccine optimism

Live Mint  

The dollar dropped to a two-and-a-half year low as the prospect of vaccine roll-outs added to headwinds for the world’s reserve currency. The Bloomberg Dollar Spot Index fell as much as 0.2% to an April 2018 low after US officials said vaccinations may start in less than three weeks. “The vaccine news is favoring the view of a sooner-rather-than-later global …

Oil falls 2% on U.S.-China tensions, rising virus cases
4 years, 5 months ago

Oil falls 2% on U.S.-China tensions, rising virus cases

Live Mint  

Oil prices dropped nearly 2% on Monday despite a weaker U.S. dollar, as rising coronavirus cases and tensions between the United States and China clouded the outlook for oil demand's recovery. "In lack of larger fundamental news, oil prices are following the overall macro trends, behaving as a 'risky asset' and being traded lower when safe-haven assets strengthen," said Bjornar …

Rupee falls 19 paise to 75.90 in early trade; Asian currencies turn weak due to escalation of US-China tensions
4 years, 7 months ago

Rupee falls 19 paise to 75.90 in early trade; Asian currencies turn weak due to escalation of US-China tensions

Firstpost  

The rupee depreciated 19 paise to 75.90 against the US dollar in opening trade on Thursday tracking weak Asian currencies amid an escalation of tension between the US and China Mumbai: The rupee depreciated 19 paise to 75.90 against the US dollar in opening trade on Thursday tracking weak Asian currencies amid an escalation of tension between the US and …

Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions
4 years, 7 months ago

Rupee slips 8 paise to 75.74 in early trade, forex traders concerned about rising US-China tensions

Firstpost  

The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions between Washington and Beijing in the wake of the coronavirus pandemic Mumbai: The rupee depreciated 8 paise to 75.74 against the US dollar in opening trade on Wednesday as market participants were concerned about rising tensions …

Rupee trades lower at 75.98 per dollar amid coronavirus scare
4 years, 9 months ago

Rupee trades lower at 75.98 per dollar amid coronavirus scare

Deccan Chronicle  

Mumbai: Indian rupee has erased some of early losses but trading lower at 75.98 per dollar, amid selling seen in the domestic equity market. The Indian rupee fell 48 paise to 76.08 against the US dollar in opening trade on Friday, as investors braced for a prolonged period of uncertainty as coronavirus cases witnessed a sharp rise across the world …

Global shares head for worst week since 2008 financial crisis as investors brace for coronavirus to morph into a pandemic
4 years, 10 months ago

Global shares head for worst week since 2008 financial crisis as investors brace for coronavirus to morph into a pandemic

Firstpost  

The worsening global threat from the virus prompted investors to rapidly step up bets the US Federal Reserve would need to cut interest rates as soon as next month to support economic growth Tokyo: Global share markets headed for the worst week since the darkest days of the financial crisis in 2008 as investors braced for the coronavirus to morph …

Australian dollar sinks to four-month low; Wall Street volatile amid coronavirus fears
4 years, 11 months ago

Australian dollar sinks to four-month low; Wall Street volatile amid coronavirus fears

ABC  

Australian shares are trading higher as investors shrugged off the coronavirus' potential economic impact — despite the World Health Organisation declaring the outbreak a global health emergency. Market snapshot at 8:05am : ASX SPI futures +0.5pc at 6,976, ASX 200 -0.3pc at 7,008 AUD: 67.2 US cents, 51.32 British pence, 60.9 Euro cents, 73.2 Japanese yen, $NZ1.035 US: Dow Jones …

The Hang Seng is down 5% in two days and the yuan is slumping as the virus outbreak accelerates
4 years, 11 months ago

The Hang Seng is down 5% in two days and the yuan is slumping as the virus outbreak accelerates

CNN  

Hong Kong CNN Business — Hong Kong’s main stock index has fallen 5% in two days as the rising number of coronavirus cases creates uncertainty for the global economy. The Hang Seng slid 2.6% on Thursday, adding to losses posted Wednesday when investors returned from an extended break over the Lunar New Year and subjected the index to its worst …

Oil, shares fall as coronavirus fears stalk financial markets
4 years, 11 months ago

Oil, shares fall as coronavirus fears stalk financial markets

Al Jazeera  

China extended the Lunar New Year holiday by three days as the virus spreads, raising fears about economic growth. China’s cabinet also announced it will extend the weeklong Lunar New Year holiday by three days to February 2 and schools will return from their break later than usual, state broadcaster CCTV said. MSCI’s broadest index of Asia-Pacific shares outside Japan …

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, …

Here’s another sign the US dollar is too strong: Burgers
5 years, 6 months ago

Here’s another sign the US dollar is too strong: Burgers

CNN  

New York CNN Business — Some politicians and market participants believe the US dollar is too strong compared to its rivals. The Economist’s Big Mac Index – a lighthearted way to make the value of currencies more tangible – showed that nearly all currencies in the index are undervalued against the dollar. The Big Mac Index, released Wednesday, is rooted …

Wall Street awaits Donald Trump-Xi Jinping trade negotiations at G20 summit
5 years, 6 months ago

Wall Street awaits Donald Trump-Xi Jinping trade negotiations at G20 summit

ABC  

Global markets struggled for direction ahead of the G20 summit on June 28-29 in Osaka, Japan. Market snapshot at 7:30am : ASX SPI futures -0.2pc at 6,579, ASX 200 +0.2pc at 6,665 AUD: 69.61 US cents, 54.66 British pence, 61.08 euro cents, 74.7 Japanese yen, $NZ1.05 US: Dow Jones flat at 26,727, S&P 500 -0.2pc at 2,945, Nasdaq -0.3pc at …

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 …

US markets hit highest since November on trade hopes
5 years, 10 months ago

US markets hit highest since November on trade hopes

Live Mint  

London: US equities climbed to almost four-month highs, tracking gains in Europe and Asia, after President Donald Trump postponed the date for boosting tariffs on Chinese imports, taken as a sign of progress in the trade talks. In Asia, the Shanghai Stock Exchange Composite Index rallied the most since 2015 and the yuan strengthened after Trump said he will delay …

Wall Street volatility surges on reports of potential Huawei and ZTE ban
6 years ago

Wall Street volatility surges on reports of potential Huawei and ZTE ban

ABC  

Volatility has become the new norm for stock markets, particularly Wall Street. Markets at 8:15am : ASX SPI futures flat at 5,553, ASX 200 +1.9pc at 5,597 AUD: 70.33 US cents, 55.57 British pence, 61.49 Euro cents, 78.11 Japanese yen, $NZ1.05 US: Dow Jones +1.2pc at 23,139, S&P 500 +0.9pc at 2,489, Nasdaq +0.4pc at 6,579 Europe: FTSE 100 -1.5pc …

Gold pares losses from 19-month low as US dollar softens on reports of Beijing to hold talks with Washington
6 years, 4 months ago

Gold pares losses from 19-month low as US dollar softens on reports of Beijing to hold talks with Washington

Firstpost  

Spot gold was down 0.2 percent at $1,172.48 an ounce as of 0426 GMT, after earlier falling as much as 1.2 percent to $1,159.96, its lowest since January 2017. Bengaluru: Gold pared heavy early losses that came in the midst of a broad commodity sell-off on Thursday, bouncing off of a 19-month low on short covering and a softer US …

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