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Apr 9, 2015

Dollar rallies on rate differentials, policy forecasts

NEW YORK, April 9 (Reuters) – The U.S. dollar hit a
near-three-week peak on Thursday, driven higher by sentiment
that U.S. interest rates inevitably will rise, with the prospect
of a June increase still in the mix despite spotty economic
data.

Interest rate differentials between benchmark U.S. and
German 10-year government bonds widened to 1.771 percent on
Thursday, their biggest spread since March 26.

Apr 9, 2015

Rate differentials drive steady dollar gains

NEW YORK (Reuters) – The U.S. dollar rose for a fourth consecutive session on Thursday, driven by sentiment that U.S. interest rates inevitably will rise, with the prospect of a June increase still in the mix despite spotty U.S. economic data.

Weekly U.S. jobless claims rose less than expected last week and the four-week moving average hit its lowest level since 2000, suggesting the slowdown in U.S. economic activity in the first quarter might be a temporary blip.

Apr 9, 2015

Fed officials say June rate hike still in play, hinges on data

NEW YORK (Reuters) – The Federal Reserve could still hike interest rates in June despite weak recent U.S. data and investor skepticism, two influential officials with the central bank said on Wednesday, putting the spotlight squarely on the economy’s performance in the next two months.

Disappointing U.S. jobs growth, manufacturing activity, and retail sales over the winter had pushed market expectations for a rate hike to later in the year. June has long been seen as the earliest the Fed could tighten policy, after more than six years of near-zero rates.

Apr 8, 2015

June rate hike still in play as Fed officials eye data

NEW YORK (Reuters) – Two influential Federal Reserve officials said they could still hike U.S. interest rates in June despite weak recent economic data and skepticism among investors, putting the spotlight squarely on the economy’s performance over the next two months.

Disappointing U.S. jobs growth, manufacturing activity, and retail sales over the winter had pushed market expectations for a rate hike to later in the year. June has long been seen as the earliest the Fed could tighten policy, after more than six years of near zero rates.

Apr 7, 2015

U.S. dollar rises, sentiment favors interest rate outlook

NEW YORK, April 7 (Reuters) – The U.S. dollar recovered lost
ground on Tuesday as trading desks returned to full strength
after the Easter weekend and underlying trends for its continued
rise reappeared, although it remains hemmed in to tight ranges
by mixed economic data.

A surprising move by the Reserve Bank of Australia not to
cut interest rates boosted the Aussie dollar, bucking the
prevailing greenback rally.

Apr 7, 2015

U.S. dollar recovers; Aussie up after rates held unchanged

NEW YORK (Reuters) – The U.S. dollar recovered lost ground on Tuesday as trading desks returned to full strength and underlying trends for its continued rise reappeared, although it remains hemmed in to tight ranges by mixed economic data.

A surprising move by the Reserve Bank of Australia not to cut interest rates boosted the Aussie dollar, bucking the prevailing greenback rally.

Apr 6, 2015

Dollar turns higher in late trade, thin conditions

NEW YORK, April 6 (Reuters) – The U.S. dollar spiked higher
against the euro on Monday, erasing early losses in what traders
and strategists said is a result of thin holiday trading
conditions.

A dismal U.S. jobs report on Friday had cast a pall over the
greenback in the last two trading sessions, both of which
excluded much of Europe and Latin America markets due to the
Easter holiday.

Apr 6, 2015

Dollar dips in Easter holiday trade, jobs data overhang

NEW YORK, April 6 (Reuters) – The dollar cut early losses on
Monday but continued to feel the carry-over effects of a
disappointing U.S. jobs report from Friday that throws into
question the timing for a U.S. interest rate increase.

Expectations the U.S. Federal Reserve will raise interest
rates sometime later this year has fuelled the dollar’s rally
since mid-2014. Higher U.S. interest rates will put
dollar-denominated assets at a yield advantage versus other
currencies such as the euro and yen where interest rates are
being kept low.

Apr 6, 2015

Dollar drop tied to dismal jobs data, Easter holiday trade

NEW YORK (Reuters) – The dollar weakened further on Monday as it continues to feel the carry-over effects of a disappointing U.S. jobs report from Friday that throws into question the timing for U.S. interest rate increase.

Expectations the U.S. Federal Reserve will raise interest rates sometime later this year has fueled the dollar’s rally since mid-2014. Higher U.S. interest rates will put dollar-denominated assets at a yield advantage versus other currencies such as the euro and yen where interest rates are being kept low.

Apr 3, 2015

Big miss on U.S. jobs data drives dollar down

NEW YORK (Reuters) – The dollar tumbled on Friday after a significantly weaker-than-expected U.S. jobs report that will increase speculation over whether the U.S. Federal Reserve holds off tightening monetary policy for longer than expected.

U.S. employers added the fewest jobs in more than a year in March amid signs the economy has been hurt by the dollar’s climb to multi-year highs.

    • About Daniel

      "Senior Correspondent covering global financial markets, investing and foreign policy. I'm New York-based with 20+ years of experience in text, TV and radio. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught journalism in Asia, Europe, Latin America and the United States."
      Joined Reuters:
      1997
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