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Wed, 25 Mar 2015 14:32:32 GMT[Reuters] - The U.S. dollar fell against a basket of major currencies on Wednesday after weaker-than-expected U.S. economic data combined with a robust survey of German business morale to drive more unwinding of bullish dollar bets.
Wed, 25 Mar 2015 11:28:40 GMT[Reuters] - Chicago Fed President Charles Evans said on Wednesday that there was no compelling reason for the central bank to tighten and it should wait until 2016 to raise rates. The dollar index lost 0.4 percent to trade at 96.781.
Tue, 24 Mar 2015 22:32:37 GMT[Reuters] - Investors had rushed to cut long dollar positions after the Federal Reserve gave a dovish steer on interest rates last week, sending the greenback crashing back from multiyear highs.
Tue, 24 Mar 2015 15:21:29 GMT[Reuters] - The U.S. dollar rebounded against the euro on Tuesday on persistent bullish sentiment toward the greenback tied to the divergence of monetary policy between the United States and Europe, but the impact of last week's Federal Reserve statement limited its gains. The dollar recovered against the euro after two straight sessions of losses on the view that the Fed will still hike interest rates this year, while the European Central Bank continues with its bond-buying stimulus program. "The hangover from the Fed meeting certainly seems to be ongoing," said Dean Popplewell, chief currency strategist at Oanda in Toronto.
Tue, 24 Mar 2015 11:38:56 GMT[Reuters] - A softer number, as was registered earlier on Tuesday in Britain, could boost expectations that the Federal Reserve will be in no hurry to raise interest rates. San Francisco Fed chief John Williams weighed in on the debate over the dollar's gains, saying the U.S. economy could handle a stronger currency and pointing to the chance of an interest rate rise in June. Other Federal Reserve officials, and new forecasts from the U.S. central bank, have cast doubt on how much more appreciation of the dollar the Fed will easily tolerate and raised speculation it will push back any tightening of monetary policy.
Tue, 24 Mar 2015 09:08:37 GMT[Reuters] - San Francisco Fed chief John Williams was the latest to weigh in on the debate over the dollar's gains, saying the U.S. economy could handle a stronger currency and pointing to the chance of an interest rate rise in June. It last traded at $0.7876, down just 0.1 percent on the day.
Tue, 24 Mar 2015 05:53:25 GMT[Reuters] - Market participants also attributed the dollar's bounce to technical factors and said the greenback may face further long liquidation after the Fed signalled last week that it is in no rush to tighten monetary policy. Traders said the greenback gained a boost after San Francisco Fed chief John Williams reiterated that the Fed should seriously discuss raising rates by mid-year. The dollar also gained a boost after finding some support on technical charts, said Shinji Kureda, head of FX trading group for Sumitomo Mitsui Banking Corporation in Tokyo.
Mon, 23 Mar 2015 15:04:36 GMT[Reuters] - "There's a very large long-dollar position in the market, and what we appear to be facing is an unwind of that position," said Richard Cochinos, head of Americas G10 FX strategy at Citi in New York. The euro continued to strengthen against the dollar despite comments from European Central Bank President Mario Draghi on the central bank's bond-buying stimulus plan. Analysts said failed progress in talks on Monday between German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras could lead the euro to give back some gains against the dollar.
Sun, 22 Mar 2015 22:42:58 GMT[Reuters] - The dollar started trade in Asia on the defensive, after a volatile few days in the wake of the Federal Reserve's dovish steer, which cast doubts on bullish positions in the greenback. The dollar index eased 0.2 percent to 97.696 early on Monday, staying well clear of a 12-year peak of 100.390 set on March 13.
Fri, 20 Mar 2015 19:55:27 GMT[Reuters] - The greenback also ended the week on a sour note against other currencies, with its largest weekly decline in two months against the Swiss franc and yen, two days after the Federal Reserve downgraded its forecasts for growth, inflation and interest rates. Jens Nordvig, Nomura's head of global foreign exchange, said one major reason for the sharp reduction in the Fed's rate forecasts was the strengthening of the dollar since the U.S. central bank's policy meeting in December.
Fri, 20 Mar 2015 12:47:57 GMT[Reuters] - The dollar plunged across the board on Wednesday after the Fed downgraded its projections for growth and inflation, pouring cold water on investor expectations of a June rise in U.S. interest rates. Having dived to as low as 96.628 against a basket of major currencies in the wake of the Fed, the dollar was trading at 98.729 on Friday, down 0.5 percent on the day and on track for its first week of falls in five.
Fri, 20 Mar 2015 11:00:00 GMT[Reuters] - Jane McManus can hardly believe her luck. The New York-based sportswriter for ESPN.com is planning a summer vacation with her family in Ireland. With the Superdollar near parity with the euro, airfares to Paris are down 14 percent from a year ago, according to popular travel site Orbitz.
Fri, 20 Mar 2015 09:17:34 GMT[Reuters] - The greenback plunged across the board on Wednesday after the Fed downgraded its economic growth and inflation projections, signalling it is in no rush to push borrowing costs to more normal levels and pouring cold water on investor expectations of a June rate hike. Having dived to as low as 96.628 against a basket of major currencies in the wake of the Fed, the dollar was trading at 98.952 on Friday, down 0.1 percent on the day on track for its first week of falls in five. So the weakness that we saw in the dollar in the aftermath of that translated into some rebounds in euro/dollar," said Phyllis Papadavid, senior global FX strategist at BNP Paribas in London. Papadavid said she expected the euro downtrend to resume, and BNP Paribas yesterday revised down their euro forecasts to parity with the dollar by the end of this year from $1.05 previously and to $0.95 by the second quarter of 2016.
Thu, 19 Mar 2015 19:23:12 GMT[Reuters] - Rebounding from steep losses in the previous session on a more cautious than expected Federal Reserve statement on interest rates, the dollar rose broadly on Thursday as investors remained bullish on the greenback. Against the Swiss franc, it posted its worst daily performance since Jan. 15, when the Swiss National Bank removed a peg on the Swiss franc against the euro. Richard Franulovich, senior currency strategist at Westpac in New York, said the Fed's dovish statement was an excuse to sell lopsided positions on the dollar. "The Fed is less supportive of the dollar, but the dollar's bull trend is built on more than just the Fed," he said.
Thu, 19 Mar 2015 17:25:18 GMT[Reuters] - SAO PAULO/BRASILIA, March 19 (Reuters) - Brazil's shadow banks do not pose an immediate risk to the stability of the country's banking system, which has an adequate capital cushion to cope with unexpected shocks, a central bank report released on Thursday showed. In its bi-annual financial stability report, the central bank noted that 0.6 percent of the banking system's financial assets are in the hands of shadow banks, or financial firms that provide services similar to traditional commercial lenders but are not subject to traditional regulatory oversight.
Thu, 19 Mar 2015 02:59:14 GMT[Reuters] - TOKYO/SYDNEY, March 19 (Reuters) - The dollar nursed hefty losses on Thursday, having suffered its biggest one-day fall against the euro in six years after the Federal Reserve struck a much more dovish than expected tone on interest rates while highlighting the currency's drag on U.S. exports. As expected, the Fed dropped the word "patient" from its statement in terms of raising interest rates, but it also downgraded its views on the economy and inflation and lowered its interest rate trajectory.