Market news

Latest news, analytics and financial market events.
Dollar eases from near 1-month high as Fed, Evergrande eyed

The U.S. dollar eased slightly from a near one-month high as global markets firmed somewhat on Tuesday a day after a risk-off mood dominated by solvency uncertainty of China’s Evergrande, while investors awaited the results of the Federal Reserve’s two-day policy meeting. After reaching its highest level since Aug. 23 on Monday, the dollar straddled […]

Dollar Flat as Experts Suggest Fed Tightening Unlikely to Provide…

The dollar was flat Tuesday, and experts suggest that the greenback could struggle to advance as the improved pandemic backdrop may sour investor appetite for the safe-heavens including the greenback. The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell 0.07% to 93.19 The U.S. dollar has been riding […]

Dollar Edges Lower Ahead of Key CPI Release

The dollar edged lower Tuesday, with traders waiting for the release of the latest U.S. inflation numbers for guidance on the timing of the start of the Federal Reserve’s stimulus withdrawal. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded marginally lower at 92.627, […]

Dollar drifts as soft inflation raises taper timing questions

The dollar drifted within recent ranges against major peers on Wednesday after softer-than-expected U.S. inflation raised doubts about a taper of Federal Reserve stimulus this year. The dollar index stood at 92.632, little changed from Tuesday, when it dropped following the inflation data only to recover on haven demand as stocks slid on Wall Street. The index […]

Euro May Hit Ceiling as ECB Decision Approaches

Don’t read too much into the euro’s recent bout of strength — its headwinds are continuing to swirl. The common currency has advanced nearly 2% since Aug. 20 as dovish signals from the Federal Reserve weighed on the dollar. Yet with the European Central Bank’s policy decision just around the corner, and the pandemic damping […]

Dollar near one-week top amid rise in yields, caution before…

The dollar hovered near a one-week peak on Wednesday against major peers, buoyed by higher Treasury yields and a weaker euro amid caution before a European Central Bank policy decision. The dollar index, which measures the currency against six rivals, was little changed at 92.553, just below Tuesday’s high of 92.571, a level not seen since […]

Dollar Edges Off Three Week Lows; Payrolls in Focus

The dollar edged higher Wednesday, but remains near its lowest point in three weeks, after weak economic data out of both China and the Eurozone. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 92.745, after dropping on Tuesday as […]

Dollar Up, but Fed Asset Tapering Move Guessing Game Keeps…

The dollar was up on Wednesday morning in Asia but was trading near its lowest point in nearly three weeks. Investors continued to keep moves small, with the latest U.S. jobs report, which could provide clues to the U.S. Federal Reserve’s asset tapering timeline, due on Friday. The U.S. Dollar Index that tracks the greenback against a […]

Steinhoff half-year earnings up 7% on value and furnishings demand

By Nqobile Dludla JOHANNESBURG (Reuters) – South Africa-based retailer Steinhoff said its half-year core earnings rose by 7%, as demand for value lines and a focus on home furnishings offset the impact of pandemic restrictions. During Steinhoff’s October to March reporting period many countries in Europe tightened restrictions or re-imposed lockdowns which hit its in-store […]

1 2 3