* 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
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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
* Dollar index touches fresh 11-year high * Strong payrolls raise bets of earlier Fed hike * Eurogroup meeting to discuss Greece up next By Ian Chua SYDNEY, March 9 (Reuters) – The dollar drifted to a fresh 11-year high against a basket of major currencies early on Monday, remaining in favour as markets wagered Read More
The dollar index fell on Friday amid month-end selling but was still on track for a record eighth month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise later this year. The Swedish crown rose to a one-month high of 9.3250 crowns per euro after data Read More
LONDON: The dollar index slipped on Friday, pegged back by month-end selling, but was still on track for its eighth straight month of gains on better data and comments from Federal Reserve officials that bolstered bets for a rate rise this year. The index, which measures Read More
New York (AFP) – A robust US jobs report Friday sent the dollar soaring, driving a sell-off in the oil market that left the US futures benchmark back below $ 50 a barrel. West Texas Intermediate for delivery in April slid $ 1.15 to $ 49.61 on the New York Mercantile Exchange, ending near its Read More
NEWYORK (MarketWatch) — The ICE U.S. Dollar Index rose for the second- straight week Friday, after the Bureau of Labor Statistics’s February nonfarm payrolls number exceeded expectations and the euro dropped to its Read More