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SAP, LVMH earnings nudge European stocks higher
Published at 14/04/2021 at 09:38 -
AstraZeneca, mining stocks pull FTSE 100 higher; Tesco caps gains
Published at 14/04/2021 at 09:26 -
AstraZeneca, commodity stocks pull FTSE 100 higher; Tesco caps gains
Published at 14/04/2021 at 08:27 -
SAP, LVMH earnings nudge European stocks higher
Published at 14/04/2021 at 08:17 -
UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 07:50 -
UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 06:10 -
British mid-caps jump over signs of economic growth; Babcock surges
Published at 13/04/2021 at 17:35 -
European shares pause near record highs
Published at 13/04/2021 at 17:02 -
FTSE 100 falls as stronger pound, oil stocks weigh
Published at 13/04/2021 at 08:29 -
European shares pause near record high with eyes on U.S. inflation data
Published at 13/04/2021 at 08:07
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FOREX-Dollar near 1-month lows as strong debt sale weighs on U.S. yields
Published at 14/04/2021 at 09:23 -
FOREX-Dollar slips to three-week low as inflation fears seen baked in for now
Published at 14/04/2021 at 04:33 -
FOREX-Dollar at three-week low on tamped down fears over inflation
Published at 14/04/2021 at 02:24 -
FOREX-Dollar drops to three-week lows after inflation data
Published at 13/04/2021 at 20:48 -
FOREX-Dollar drops to three-week lows after inflation data
Published at 13/04/2021 at 15:02 -
FOREX-Dollar edges up before U.S. inflation data
Published at 13/04/2021 at 12:28 -
REFILE-FOREX-Dollar edges up as markets wait for U.S. inflation data
Published at 13/04/2021 at 11:08 -
FOREX-Dollar rises from near three-week low as traders brace for inflation data
Published at 13/04/2021 at 06:06 -
FOREX-Dollar languishes near three-week lows as traders brace for inflation data
Published at 13/04/2021 at 02:16 -
FOREX-Dollar dips before consumer price inflation data
Published at 12/04/2021 at 20:42
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GLOBAL MARKETS-World stocks post record highs as bond yields ease
Published at 14/04/2021 at 09:38 -
SAP, LVMH earnings nudge European stocks higher
Published at 14/04/2021 at 09:38 -
AstraZeneca, mining stocks pull FTSE 100 higher; Tesco caps gains
Published at 14/04/2021 at 09:26 -
AstraZeneca, commodity stocks pull FTSE 100 higher; Tesco caps gains
Published at 14/04/2021 at 08:27 -
SAP, LVMH earnings nudge European stocks higher
Published at 14/04/2021 at 08:17 -
Japanese shares end lower as virus resurgence hits risk appetite
Published at 14/04/2021 at 08:17 -
UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 07:50 -
Japanese shares end lower as virus resurgence hits risk appetite
Published at 14/04/2021 at 07:43 -
Oil maintains upward momentum but virus concerns cap gains
Published at 14/04/2021 at 07:34 -
PRECIOUS-Gold gives up early gains as firm bond yields offset weak dollar
Published at 14/04/2021 at 07:03
FOREX-Dollar dips, Aussie gains on improving risk sentiment
(Adds quote, comments from CFTC's Gensler on Bitcoin, updates prices)
* Graphic: World FX rates
(Updates prices, adds detail and commentary)
By Karen Brettell
NEW YORK, March 2 (Reuters) - The dollar dipped on Tuesday and riskier currencies including the Australian dollar gained as U.S. stocks were stable, reflecting improving risk appetite.
The greenback has been a beneficiary from recent volatility in stocks, which were roiled last week by a dramatic jump in U.S. government debt yields.
Treasuries have stabilized this week, with benchmark yields holding below last week's highs, helping to restore some market calm.
On Tuesday, "Wall Street largely retained Monday's sharp gains," which helped the U.S. currency "ease lower through the N.Y. session," Ronald Simpson, managing director, global currency analysis at Action Economics, said in a report.
The dollar index fell 0.31% to 90.731, after earlier reaching a three-week high of 91.396.
The euro gained 0.36% to $1.2092.
Rising yields came as participants worried that an economic recovery from the impact of the COVID-19 pandemic, combined with fiscal stimulus, will cause a jump in inflation and potentially faster tightening from the Federal Reserve.
The volatility also boosted the greenback as investors unwound short positions in the currency.
“If you do see volatility, the natural inclination is to take risk off the table; in this case it just basically means getting out of existing positions, and the dollar shorts are extremely elevated at this point” said Bipan Rai, North American head of FX strategy at CIBC Capital Markets in Toronto.
Short U.S. dollar positions were $29.33 billion in the week ended Feb. 23, according to data from the Commodity Futures Trading Commission.
Riskier currencies including the Australian dollar continued to rebound from last week’s sell-off, with the Aussie also gaining after the Reserve Bank of Australia recommitted to keeping interest rates at historic lows.
The currency was last up 0.77% at $0.7831, though it remains below the three-year high of $0.8007 reached on Thursday.
Karen Jones, a technical analyst at Commerzbank, said that the Aussie and other risky currencies including the Norwegian krone appeared to be reversing from interim tops, which will likely be positive for the U.S. dollar near-term.
The “U.S. dollar bear trend is probably over” for now, Jones said in a report.
The greenback was last down 1.09% at 8.466 krone , but is holding above the 8.313 krone per dollar level reached last week, the weakest for the dollar in more than two years.
Safe-haven currencies including the Swiss franc and Japanese yen, meanwhile, ended slightly stronger, reversing earlier weakness.
The Swiss franc earlier hit its lowest since November 2020 against the dollar at 0.9193 while the yen was the weakest since August at 106.95.
Bitcoin fell to a session low after Gary Gensler, President Joe Biden's nominee to chair the U.S. Securities and Exchange Commission, said that cryptocurrency has raised new investor protection concerns.
It was last down 4.11% at $47,609.
Citi said in a report that the popular cryptocurrency was at a "tipping point" and could become the preferred currency for international trade or face a "speculative implosion."
========================================================
Currency bid prices at 3:23PM (2023 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Dollar index 90.7310 91.0170 -0.31% 0.834% +91.3960 +90.7240
Euro/Dollar $1.2092 $1.2049 +0.36% -1.03% +$1.2094 +$1.1992
Dollar/Yen 106.7300 106.8800 -0.12% +3.35% +106.9500 +106.7150
Euro/Yen 129.05 128.61 +0.34% +1.68% +129.0600 +128.1900
Dollar/Swiss 0.9138 0.9148 -0.11% +3.29% +0.9193 +0.9138
Sterling/Dollar $1.3967 $1.3926 +0.30% +2.24% +$1.3976 +$1.3860
Dollar/Canadian 1.2610 1.2645 -0.26% -0.96% +1.2697 +1.2601
Aussie/Dollar $0.7831 $0.7772 +0.77% +1.81% +$0.7837 +$0.7737
Euro/Swiss 1.1050 1.1023 +0.24% +2.25% +1.1054 +1.1004
Euro/Sterling 0.8657 0.8651 +0.07% -3.13% +0.8667 +0.8638
NZ $0.7301 $0.7266 +0.50% +1.69% +$0.7306 +$0.7210
Dollar/Dollar
Dollar/Norway 8.4660 8.5590 -1.09% -1.41% +8.6270 +8.4660
Euro/Norway 10.2394 10.3100 -0.68% -2.17% +10.3790 +10.2268
Dollar/Sweden 8.3739 8.4235 -0.25% +2.17% +8.4703 +8.3752
Euro/Sweden 10.1263 10.1512 -0.25% +0.50% +10.1667 +10.1241
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Additional reporting by Elizabeth Howcroft in London; Editing by Bernadette Baum and Jonathan Oatis)
((karen.brettell@thomsonreuters.com))