The Fed tripped up the dollar’s rally and may have pushed the greenback into a short-term correction with its forecasts for a slower pace of interest rate hikes, strategists say. The dollar index slumped as much as 3 percent in the worst selloff in six years, after a dovish U.S. central bank on Wednesday pared Read More
Author: Dollar Index
In late trading, the dollar dropped 1.8 percent against the Swiss franc to 0.9873 franc, earlier hitting a one-week low. It fell to two week-troughs against the yen and was last at 120.75 yen, down 0.5 percent. The euro, meanwhile, hit one-week highs against the dollar and was last trading at $ Read More
(Bloomberg) — Oil extended losses to a seventh day, heading toward a bear market, before U.S. stockpiles data, while the dollar fluctuated ahead of the Federal Reserve’s monetary policy decision. German bonds rallied and Chinese shares surged on bets the government will add stimulus. West Texas Intermediate crude slid 2 percent to $ 42.61 a Read More
(Bloomberg) — The dollar’s surge to a 12-year high is wreaking havoc in the oil market just when it looked like crude prices were finally stabilizing. The CHART OF THE DAY shows U.S. oil futures have resumed their slide after rebounding close to $ 55 last month, as the U.S. Dollar Index increased to the Read More
The U.S. dollar is on a tear amid expectations that the Federal Reserve will hike interest rates later this year against a backdrop of easing in many of the world’s economies, but charts suggest the potential for volatility before the greenback consolidates those gains. The U.S. dollar Index, which measures dollar’s value Read More
Every year, more and more Americans retire abroad. About 615,000 Americans received their Social Security checks outside the U.S. last month, up 57 percent since 2000. That doesn’t count thousands of additional Americans who live abroad full- or part-time but continue receiving checks at U.S. banks. Those checks just became a lot more valuable, too. Read More
The U.S. dollar is on a tear amid expectations that the Federal Reserve will hike interest rates later this year against a backdrop of easing in many of the world’s economies, but charts suggest the potential for volatility before the greenback consolidates those gains. The U.S. dollar Index, which measures dollar’s value Read More
(Adds comment, updates prices) * Traders taking risk off table ahead of Fed policy meeting * U.S. housing starts fall in February, weigh on dollar * BoJ stands pat on policy, market reaction limited By Gertrude Chavez-Dreyfuss NEW YORK, March 17 (Reuters) – The dollar fell for a second straight day against major currencies on Read More
* Euro recovers from 12-year low * European stocks power higher, German DAX hits new high * Crude oil falls, gold prices weaken again (Updates to midday U.S. trading) By Ryan Vlastelica NEW YORK, March 16 (Reuters) – A long-awaited recovery in the euro boosted stock markets around the world on Monday as strength in Read More
(Updates to U.S. trading, adds data, comment, changes byline, dateline; previous LONDON) * Traders taking risk off table ahead of Fed policy meeting * U.S. housing starts fall in February, weigh on dollar * BoJ stands pat on policy, market reaction limited By Gertrude Chavez-Dreyfuss NEW YORK, March 17 (Reuters) – The dollar fell for Read More