(Adds comments on interest rate outlook, background) LONDON, March 23 (Reuters) – The dollar index is not far from fair value but it is unclear how much more the U.S. currency will strengthen against the euro, St Louis Federal Reserve President James Bullard said on Monday. Speaking on CNBC, Bullard pointed to the run up Read More
Author: Dollar Index
By Herbert Lash NEW YORK (Reuters) – The dollar resumed its fall on Monday after its steepest weekly drop in 3-1/2 years, driving up oil prices and U.S. stocks after the Federal Reserve indicated last week that an expected rate hike is likely to come later rather than sooner. U.S. energy stocks were among the Read More
* Dollar down after Bullard, Mester comments * Last week’s dovish Fed statement still hitting dollar * Draghi speech, Greece in focus in Europe By Ahmed Aboulenein LONDON, March 23 (Reuters) – The euro rose on Monday, reversing early losses to build on its best weekly performance since late 2011 versus the dollar, which came Read More
(Bloomberg) — Anyone wondering why you’d pay the highest prices since 2008 to hedge against declines in the dollar found out last week when the currency slid the most in more than three years. The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major currencies, slid 2.2 percent last week. The rout came Read More
By Lisa Twaronite TOKYO (Reuters) – Asian shares started the week on a strong note on Monday after a weaker U.S. dollar helped fuel gains on Wall Street. The greenback remained under pressure in Asian trading, with the dollar index (.DXY) edging down about 0.1 percent to 97.828, moving away from recent 12-year highs and Read More
(Bloomberg) — Asian stocks extended a six-month high after global equities capped their biggest weekly advance since July 2013. The dollar declined with crude. The MSCI Asia Pacific Index rose a fifth straight day, adding 0.8 percent by 2:02 p.m. in Tokyo as China’s Shanghai Composite Index headed for its longest streak of gains since Read More
By Lisa Twaronite TOKYO (Reuters) – Asian shares started the week on a strong note on Monday after a weaker U.S. dollar helped fuel solid gains on Wall Street. MSCI’s broadest index of Asia-Pacific shares outside Japan was up about 1.3 percent in early trading, while Japan’s Nikkei stock average opened up 0.2 percent. The Read More
* Dollar softer vs euro and yen, extending Friday’s pullback * Dollar bulls cautious after dovish steer from Fed last week * ECB president’s speech, Greece in focus By Ian Chua SYDNEY, March 23 (Reuters) – The dollar started trade in Asia on the defensive, after a volatile few days in the wake of the Read More
By Sinead Carew NEW YORK (Reuters) – The surging value of the U.S. dollar may be posing the biggest threat to U.S. corporate earnings since the 2008 financial crisis, hurting results at most U.S.-based multinationals. Some on Wall Street are even talking about an earnings recession. The dollar’s gain of 22 percent in the Read More
By Sinead Carew NEW YORK (Reuters) – The surging value of the U.S. dollar may be posing the biggest threat to U.S. corporate earnings since the 2008 financial crisis, hurting results at most U.S.-based multinationals. Some on Wall Street are even talking about an earnings recession. The dollar’s gain of 22 percent in the past Read More