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Author: Dollar Index
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
* Market expects Fed’s first rate rise by summer, possibly in June * U.S. stocks hit 3-week low, U.S. debt yields at 10-week high * Dollar index at 11 1/2-year high, yen just off 3-month low * Aussie, kiwi fall; Asian stocks lose more than 1 pct By Hideyuki Sano and Vidya Ranganathan TOKYO, March Read More
* Gold holds near lowest since December * Dollar index at 11-year top after U.S. jobs report * Chinese premiums tick up to $ 6/ounce (Adds analyst comments, China premiums) By A. Ananthalakshmi SINGAPORE, March 9 (Reuters) – Gold edged up on Monday, but remained near a three-month low as the dollar hit an 11-year 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