Latest News
Click Here to read UK News
Click Here to read Forex News
Click Here to read Market News
-
European stocks muted as rise in yields, inflation bets curb initial gains
Published at 03/03/2021 at 17:15 -
Banks, homebuilders shine as British shares rally on budget boost
Published at 03/03/2021 at 17:06 -
European stocks rally, FTSE jumps 1% ahead of budget
Published at 03/03/2021 at 08:21 -
Commodity, bank stocks lift UK shares higher ahead of budget
Published at 03/03/2021 at 08:20 -
UK Stocks-Factors to watch on March 3
Published at 03/03/2021 at 05:38 -
European shares end higher as commodity majors reverse losses
Published at 02/03/2021 at 17:10 -
FTSE 100 ends higher ahead of budget announcement, midcaps shunned
Published at 02/03/2021 at 17:04 -
Energy, mining stocks drag down FTSE 100
Published at 02/03/2021 at 08:19 -
Weak commodity prices weigh on European shares
Published at 02/03/2021 at 08:16 -
UK Stocks-Factors to watch on March 2
Published at 02/03/2021 at 07:46
-
FOREX-Dollar bides time, looks to Powell for inspiration
Published at 04/03/2021 at 02:38 -
FOREX-Dollar on the front foot as focus shifts to Powell
Published at 04/03/2021 at 00:46 -
FOREX-Dollar gains with yields, U.S. growth seen likely to outperform
Published at 03/03/2021 at 20:41 -
FOREX-Dollar gains as U.S. growth seen likely to outperform
Published at 03/03/2021 at 15:08 -
FOREX-Dollar slips as bond yields drop and investor sentiment strengthens
Published at 03/03/2021 at 11:15 -
FOREX-Dollar slips as bond yields drop and investor sentiment strengthens
Published at 03/03/2021 at 08:34 -
FOREX-Dollar on defensive as risk sentiment recovers amid retreat in U.S. yields; Aussie gains
Published at 03/03/2021 at 05:44 -
FOREX-Dollar on defensive as risk sentiment recovers amid retreat in U.S. yields; Aussie gains
Published at 03/03/2021 at 01:57 -
FOREX-Dollar dips, Aussie gains on improving risk sentiment
Published at 02/03/2021 at 20:43 -
FOREX-Dollar index higher, Aussie gains on better risk sentiment
Published at 02/03/2021 at 15:05
-
Oil strengthens on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories
Published at 04/03/2021 at 04:31 -
GLOBAL MARKETS-Rising bond yields spook world shares as investors look to Powell
Published at 04/03/2021 at 03:53 -
REFILE-Oil prices firm on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories
Published at 04/03/2021 at 03:40 -
Tokyo's Nikkei share average falls 2.06 pct
Published at 04/03/2021 at 03:33 -
PRECIOUS-Firm U.S. yields keep gold pinned near 9-month low
Published at 04/03/2021 at 03:24 -
Japanese shares follow Nasdaq lower; SoftBank, Fast Retailing top drags
Published at 04/03/2021 at 02:49 -
PRECIOUS-Gold recovers from 9-month low, but higher yields weigh
Published at 04/03/2021 at 01:23 -
GLOBAL MARKETS-Yen near 7-month low, Asian shares fall as bond yields rise
Published at 04/03/2021 at 00:10 -
Tokyo's Nikkei share average opens down 1.22 pct
Published at 04/03/2021 at 00:00 -
GLOBAL MARKETS-Wall Street slides on tech sell-off, other world stocks flat
Published at 03/03/2021 at 21:46
FOREX-Dollar stabilises after three-day decline; PMIs in focus
* Dollar index flat on the day
* Aussie and Kiwi dollar fall
* Graphic: World FX rates
LONDON, Jan 22 (Reuters) - After three straight days of losses, the dollar stabilised on Friday and riskier currencies lost out as the recent equity market rally paused for breath, with business activity data in focus.
The dollar had fallen against a basket of currencies for the past three sessions as market optimism about U.S. President Joe Biden's fiscal stimulus plans prompted traders to seek riskier assets, with the New Zealand and Australian dollar gaining.
But that trend paused on Friday as market sentiment pulled back, global shares slipped off record highs and the U.S. dollar steadied, flat on the day at 90.118 at 0840 GMT. The dollar was still on track for its biggest weekly loss since mid-December.
Flash PMI readings for January from around the world will be closely watched by investors for indications about the pace of the global economic recovery. Investors have been tracking vaccinations, while much of Europe brought in tighter lockdowns at the start of the year to combat a resurgence in COVID-19. .
"Despite the positive vaccine news, lifting the mood from a market point of view, it is clear that there will be no similar uptick in economic activity until such times as restrictions start to get eased, perhaps sometime in Q2," Michael Hewson, chief market analyst at CMC Markets UK said in a note to clients.
"On the plus side manufacturing has been a strong performer for both Germany and France, helping to offset some of the slowdown in other parts of their economies," he added.
Data from Japan overnight showed that factory activity slipped into contraction in January and the services sector was more pessimistic as emergency measures to combat a COVID-19 resurgence hit sentiment.
At 0842 GMT, the Japanese yen was down around 0.1% against the dollar, at 103.63 .
The French reading showed that business activity unexpectedly weakened in January, as a slowdown in services offset growth in manufacturing.
The euro appreciated somewhat on Thursday after the European Central Bank's policy rate announcement, as the bank said it may not need to use its full asset-purchase envelope.
President Christine Lagarde also said that the bank was "very carefully" monitoring the euro exchange rate.
At 0843 GMT, the euro was flat on the day at $1.21725 and set for a 0.8% gain this week .
The Australian dollar slipped after disappointing retail sales data, but was still set for a weekly rise. At 0844 GMT, it was down 0.5% on the day at 0.77285 .
The New Zealand dollar was down around 0.5% at 0.7184 versus the U.S. dollar .
The Canadian dollar, which touched a three-year high of 1.2591 versus the U.S. dollar in the previous session, changed course and fell around 0.4% to 1.2690 .
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Elizabeth Howcroft, editing by Larry King)
((vidya.ranganathan@thomsonreuters.com; Reuters Messaging: vidya.ranganathan.thomsonreuters.com@reuters.net))