* Forex market reaction muted to Yemen escalation, oil price surge * Dollar index slips, euro edges toward $ 1.10 * U.S. data, Fed Evans comment undermine USD By Lisa Twaronite and Ian Chua TOKYO/SYDNEY, March 26 (Reuters) – The U.S. dollar ground lower in small ranges on Thursday, edging towards a four-week low against Read More
Author: Dollar Index
(Bloomberg) — The dollar’s ascent has become steep enough to create an obstacle for the bull market in stocks, according to Carmine Grigoli, chief investment strategist at Mizuho Financial Group Inc.’s U.S. securities unit. The CHART OF THE DAY displays year-to-year percentage changes for the U.S. Dollar Index, an indicator that Grigoli cited yesterday in Read More
* Dollar index softer, euro back near $ 1.10 * U.S. data and Fed comment not helpful for USD * Commodity currencies underperform, hit by consolidation By Ian Chua SYDNEY, March 26 (Reuters) – The corrective bounce in the U.S. dollar faded again overnight, leaving the currency a shade lower early on Thursday in another Read More
The dollar index traded around 96.981, above the two-week low set on Tuesday of 96.387 and down around 4 percent from a near 12-year high of 100.39 hit in March, according to Reuters. “The debate regarding the dollar is consolidation or correction. There is a sense prevailing in the equity market regarding Read More
For over a year, exchange traded funds tracking the U.S. dollar have been the stars of the currency ETF group, but recent weakness in the greenback could prompt some investors to assess other currency opportunities. Since topping on March 13, the PowerShares DB U.S. Dollar Index Bullish Fund (UUP) , the U.S. Dollar Index tracking Read More
* Dollar index slips towards previous day’s two-week low * Chicago Fed’s Evans’ dovish comments weigh on dollar By Anirban Nag LONDON, March 25 (Reuters) – The euro climbed towards $ 1.10 against the dollar on Wednesday and gained against most major currencies, helped by a robust survey of German business morale that added to Read More
U.S. stock index futures indicated a flat to slightly higher open on Wednesday, as volatility in the dollar continued to spook markets, while traders weighed up the timing of an interest rate rise. Investors have trimmed long dollar positions after the U.S. Federal Reserve made dovish comments last week, which pushed expectations of a rate Read More
* Dollar index holds above previous day’s two-week low * Euro up 0.3 percent, helped by German data By Anirban Nag LONDON, March 25 (Reuters) – The euro climbed towards $ 1.10 against the dollar on Wednesday, encouraged by a robust German business morale survey that added to expectations that an economic recovery in the Read More
* Dollar index holds above previous day’s two-week low * Euro back at sub-$ 1.1000 levels, Aussie back below $ 0.7900 By Ian Chua and Masayuki Kitano SYDNEY/SINGAPORE, March 25 (Reuters) – The dollar hovered above a two-week low versus a basket of major currencies on Wednesday, pausing from the recent selloff sparked by doubts Read More
Oil prices may remain volatile for some time to come but will ultimately average above $ 60 for Brent. This is despite the fact that they presently remain below $ 60, which is due to the dollar’s unrelenting rally that is putting pressure on stocks and commodities, regional analysts say.The dollar index posted a back-to-back Read More