SINGAPORE/SYDNEY (Reuters) – The euro touched a six-week low on Monday after suffering its biggest drop in over a year last week as pressure mounted on the European Central Bank to cut interest rates to shore up growth.
The euro skidded below chart support around $1.3460/80 and fell to as low as $1.3442 on trading platform EBS, its lowest level since September 18. It later trimmed its losses and was last down 0.1 percent on the day at $1.3478.
SYDNEY/SINGAPORE, Oct 31 (Reuters) – The dollar hovered near
a two-week high against a basket of major currencies on
Thursday, after extending gains when the Federal Reserve
mollified jumpy markets and kept its massive bond-buying
stimulus in place.
Some investors had been taking profits on very bearish
dollar positions leading up to the Oct 29-30 policy meeting.
They continued to do so after the Fed’s comments suggested it
was less alarmed over the state of the economy than some had
SYDNEY/SINGAPORE (Reuters) – The dollar touched a one-week high against a basket of major currencies on Wednesday as investors further trimmed bearish positions ahead of the outcome of the Federal Reserve policy meeting.
Investors had sold the greenback heavily in the run up to the Oct 29-30 meeting on growing expectations the U.S. central bank will maintain its massive bond-buying stimulus program through to early next year.
SYDNEY/SINGAPORE (Reuters) – The dollar inched up on Tuesday, but stayed near a nine-month trough as investors bet the Federal Reserve this week will set the course for its massive stimulus program to be maintained into early next year.
The dollar index .DXY edged up slightly to 79.388. However, it remained not far off Friday’s 78.998 – a low that hadn’t been seen since February 1.
SYDNEY/SINGAPORE, Oct 29 (Reuters) – The dollar inched up on
Tuesday, but stayed near a nine-month trough as investors bet
the Federal Reserve this week will set the course for its
massive stimulus programme to be maintained into early next
The dollar index edged up slightly to 79.388.
However, it remained not far off Friday’s 78.998 – a low that
hadn’t been seen since Feb. 1.
TOKYO/SINGAPORE (Reuters) – The dollar licked its wounds on Monday, steadying against major counterparts before the U.S. Federal Reserve’s policy-setting meeting following a testing week in which it tumbled to two-year lows against the euro.
Economists and market participants widely expect Federal Open Market Committee members, meeting on Tuesday and Wednesday, to keep the Fed’s bond-buying stimulus unchanged at $85 billion per month.
TOKYO/SINGAPORE, Oct 25 (Reuters) – The dollar set a fresh
two-year low versus the euro on Friday, pressured by
strengthened expectations the U.S. Federal Reserve will maintain
its asset purchases through early next year.
The dollar also set a fresh 8-1/2-month low versus a basket
of currencies and slipped to a two-week low against the yen.
SINGAPORE/TOKYO, Oct 24 (Reuters) – The dollar held above a
two-week low versus the yen on Thursday while the Australian
dollar rose as an upbeat reading on China’s factory sector eased
worries about the outlook for the Chinese economy.
However, market players were keeping an eye on a further
jump in China’s money market rates.
SINGAPORE, Oct 23 (Reuters) – The dollar set an eight-month
low versus a basket of currencies on Wednesday after weak U.S.
jobs data cemented expectations for the Federal Reserve to keep
its stimulus in place until next year, while the yen surged as
risk sentiment took a hit.
The dollar touched a fresh two-year low versus the euro in
the wake of the disappointing jobs data, and extended its losses
versus the yen in the Asian afternoon as a drop in regional
shares dented risk sentiment. Chinese equities fell 1.2
TOKYO/SINGAPORE (Reuters) – The dollar set a fresh two-year low against the euro on Wednesday after disappointing U.S. jobs data cemented expectations that the Federal Reserve will not begin to taper its stimulus until early next year.
The dollar also touched a fresh eight-month trough against a basket of currencies, with the dollar index slipping to 79.141 .DXY and nearing this year’s low of 78.918 set in early February.