Latest News
UK News
Click Here to read UK News
Forex News
Click Here to read Forex News
Market News
Click Here to read Market News
UK News
-
Banks, mining stocks lift UK shares as lockdown begins to ease
Published at 08/03/2021 at 17:03 -
Banks boost European stocks as recovery hopes grow
Published at 08/03/2021 at 16:58 -
Oil, travel stocks boost European shares
Published at 08/03/2021 at 08:25 -
Miners, energy stocks lift UK shares as lockdown begins to ease
Published at 08/03/2021 at 08:14 -
UK Stocks-Factors to watch on March 8
Published at 08/03/2021 at 07:46 -
REFILE-UK Stocks-Factors to watch on March 8
Published at 08/03/2021 at 07:45 -
FTSE 100 falls as high yields weigh, but marks best week in 2 months
Published at 05/03/2021 at 17:13 -
European stocks pressured by yields, but mark weekly gains on firm cyclicals
Published at 05/03/2021 at 17:12 -
Powell disappointment hits European stocks, tech slides again
Published at 05/03/2021 at 08:28 -
UK shares fall as higher bond yields weigh
Published at 05/03/2021 at 08:13
Forex News
-
FOREX-Dollar hits 3-1/2 month high on firmer U.S. yields
Published at 08/03/2021 at 16:01 -
FOREX-Dollar perched at 3-1/2 month highs on firmer U.S. yields
Published at 08/03/2021 at 11:58 -
FOREX-Dollar stands tall as U.S. yields resume climb
Published at 08/03/2021 at 07:52 -
FOREX-Dollar hovers near three-month high as bonds sell off; risk currencies pare gains
Published at 08/03/2021 at 05:17 -
FOREX-Dollar falls against commodity currencies but holds gains versus yen
Published at 08/03/2021 at 00:50 -
FOREX-Dollar jumps as U.S. jobs growth beats expectations
Published at 05/03/2021 at 19:57 -
FOREX-Dollar jumps as U.S. jobs growth beats expectations
Published at 05/03/2021 at 15:02 -
FOREX-Dollar gains across the board as Powell sticks to script
Published at 05/03/2021 at 12:08 -
FOREX-Dollar gains across the board as Powell sticks to script
Published at 05/03/2021 at 09:47 -
FOREX-Dollar ascendant as Powell sticks to script; risk currencies slide
Published at 05/03/2021 at 04:50
Market News
-
Oil slips after hitting pandemic high above $70/bbl after Saudi attack
Published at 08/03/2021 at 17:57 -
PRECIOUS-Gold slumps to 9-month trough as yields, dollar rally continues
Published at 08/03/2021 at 17:46 -
US STOCKS-S&P 500, Dow advance as stimulus bill gets Senate nod
Published at 08/03/2021 at 17:16 -
Banks, mining stocks lift UK shares as lockdown begins to ease
Published at 08/03/2021 at 17:03 -
Banks boost European stocks as recovery hopes grow
Published at 08/03/2021 at 16:58 -
GLOBAL MARKETS-Stocks climb as yields pull back from earlier high
Published at 08/03/2021 at 16:15 -
US STOCKS-Wall St rises as tech selloff eases; U.S. Senate passes stimulus bill
Published at 08/03/2021 at 15:52 -
US STOCKS SNAPSHOT-Nasdaq drops at open as U.S. stimulus fuels inflation jitters
Published at 08/03/2021 at 14:36 -
US STOCKS-Nasdaq set for sharp drop at open as U.S. stimulus fuels inflation jitters
Published at 08/03/2021 at 14:05 -
PRECIOUS-Gold falls 1% as elevated U.S. yields, strong dollar dull appeal
Published at 08/03/2021 at 13:49
FOREX-Dollar inches up after three-day losing streak; risk currencies fall
Published at
22/01/2021 at 12:44
* Dollar index edges up
* Aussie and Kiwi dollar fall
* Graphic: World FX rates
(Updates throughout, adds comment)
By Elizabeth Howcroft
LONDON, Jan 22 (Reuters) - The dollar edged slightly higher on Friday after three straight days of losses, and riskier currencies fell, as bleak economic data gave global equity markets reason to pause after another week of record highs.
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, producing gains in riskier currencies such as the New Zealand and Australian dollar.
But that trend paused on Friday as market sentiment pulled back, global shares slipped off record highs and the U.S. dollar steadied, up less than 0.1% on the day at 90.147 at 1206 GMT.
The dollar index was still on track for its biggest weekly loss since mid-December.
“The dollar’s generally stronger because the S&P made a new high yesterday and then paused, and Asian equity markets were all lower," said Kit Juckes, head of FX strategy at Societe Generale.
"In the near-term, the underlying driver of everything is the dollar’s weak because capital is attracted to places that are boosted by vaccines, boosted by easy Fed policy and indeed helped by how low U.S. rates are," he said.
But, "in a week when you’ve had equities rallying, risk-on, dollar soft, Fridays are a little bit like a soufflé that rather gives in a little bit, or a lot," he added.
The Australian dollar fell after disappointing retail sales data, but was still set for a weekly rise. At 1214 GMT, it was down 0.7% on the day at 0.7711 .
The New Zealand dollar was down around 0.6% at 0.7178 versus the U.S. dollar .
Gloomy economic data did little to brighten the mood, as UK data showed British retailers struggled to recover in December.
Economic activity in the euro zone shrank markedly in January as stringent lockdowns to contain the coronavirus pandemic hit the bloc's dominant service industry hard.
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.
"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.
At 1219 GMT, the euro was flat on the day against the dollar, at $1.2172 .
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.
The Norwegian crown was hurt by lower commodity prices, down more than 1% against the euro at 10.3275 .
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Elizabeth Howcroft, editing by Larry King, William Maclean)
((vidya.ranganathan@thomsonreuters.com; Reuters Messaging: vidya.ranganathan.thomsonreuters.com@reuters.net))