NEW YORK (MarketWatch) — The dollar rose against five of its six rival G-10 currencies Tuesday as investors worried that the Fed could raise rates prematurely, and that negotiations between Greece and its creditors could capsize. Read More
March 2015
Diverging central bank policy has created a perfect launch pad for the dollar to move higher, particularly against the euro. The Fed is expected to push interest rates higher in the next several months, while the European Central Bank embarked on a quantitative easing bond buying program Monday. “Year to date, the Read More
The dollar is flexing its muscles on the prospect of higher U.S. interest rates, and it may be only half way through a dramatic move that is jarring global currency, bond, commodity and stock markets. The dollar index touched a new 12-year high Tuesday, and is now up 3 percent for the month of March. Read More
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By Karin Strohecker LONDON, March 10 (Reuters) – Emerging currencies sold off further on Tuesday with Turkey’s lira and South Africa’s rand hitting multi-year lows against a stronger dollar as expectations of a U.S. interest rate hike compound domestic fiscal and political woes. Buoyed by sturdy U.S. economic growth and a gradual end to the Read More
The U.S. dollar, also referred to as “king dollar,” has easily regained that royal status as investors price in robust U.S. economic data and the potential for the Federal Reserve to raise interest rates sometime in the next several months. To this point in Monday’s session, just seven exchange traded funds have made new 52-week Read More
* Dollar index touches fresh 11-year high in Asia * Strong payrolls raise bets of earlier Fed hike * Eurogroup meeting to discuss Greece up next By Anirban Nag LONDON, March 9 (Reuters) – The dollar paused after hitting a 11-1/2 year high against a basket of currencies on Monday, with widening rate differentials set Read More
He’s not alone in that call. Kathy Lien, managing director of FX Strategy with BK Asset Management, similarly holds a long-term bullish perspective on the dollar, tempered by short-term bearishness. “I’m skeptical of today’s rally,” she said, noting that it was driven by a core CPI number that was in Read More
* Dollar index touches 11-year high in Asia * Strong jobs data raise bets of earlier Fed hike * Eurogroup meeting to discuss Greece up next By Ahmed Aboulenein LONDON, March 9 (Reuters) – The dollar paused after hitting an 11 1/2-year high against a basket of currencies on Monday, but expectations the Federal Reserve Read More
The fundamental drivers of the dollar rally are still in place: better U.S. economic growth and a looming policy shift toward higher interest rates, at the same time that other countries are still languishing, facing deflationary threats and pumping easy monetary policy like quantitative easing into their economies to fight it. “Overall, Read More