SINGAPORE/LONDON (Reuters) -The U.S. dollar steadied on Wednesday, back near last week’s close after a day of losses and then of gains, while the Australian dollar rose on the chance of interest rate hikes after surprisingly strong inflation data. The dollar index, which measures the U.S. currency against a basket of six peers, was steady at […]
NEW YORK/LONDON (Reuters) -The dollar pared gains on Friday after a slightly bigger increase in U.S. producer prices in July sent Treasury yields higher to bolster the U.S. currency even as expectations grow that the Federal Reserve is at the end of hiking interest rates. The producer price index for final demand rose 0.3%, the […]
The U.S. economy added fewer jobs than expected in July, data on Friday showed, resulting in the dollar falling to a one-week low against a basket of currencies. However, the jobs report also showed solid wage gains and a decline in the unemployment rate, indicating that the labor market remains tight and inflationary pressures remain. With the Federal Reserve clearly looking at […]
By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) -The dollar rose on Wednesday as investors shrugged off Fitch’s U.S. credit rating downgrade while data showing a larger-than-expected increase in private payrolls in July bolstered the greenback as it points to labor market resilience. Private payrolls rose by 324,000 jobs last month, the ADP National […]