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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 -
UK Stocks-Factors to watch on April 13
Published at 13/04/2021 at 07:49 -
UK Stocks-Factors to watch on April 13
Published at 13/04/2021 at 06:06
Forex News
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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 -
FOREX-Dollar dips before inflation data, Treasury supply
Published at 12/04/2021 at 15:23
Market News
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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 -
GLOBAL MARKETS-World stocks hit record high as bond yields ease
Published at 14/04/2021 at 06:55 -
UK Stocks-Factors to watch on April 14
Published at 14/04/2021 at 06:10 -
GLOBAL MARKETS-World stocks hit record high as bond yields ease with inflation fears
Published at 14/04/2021 at 03:58
FOREX-Dollar gains as U.S. growth seen likely to outperform
Published at
03/03/2021 at 15:08
* Graphic: World FX rates
(New throughout, updates prices, changes byline, dateline; previous LONDON)
By Karen Brettell
NEW YORK, March 3 (Reuters) - The dollar gained on Wednesday as investors priced for strong U.S. growth relative to other regions, while the safe haven Japanese yen continued to weaken to a seven-month low.
Investors have boosted bets on U.S. growth and inflation as the government prepares new fiscal stimulus, and speculation is rising that the Federal Reserve could also be closer to normalizing monetary policy than previously expected.
"What the market is looking at today are growth differentials between a recovering U.S. and more of a sputtering Europe," said Joe Manimbo, senior market analyst at Western Union Business Solutions, in Washington.
Data on Wednesday showed that the euro zone economy is almost certainly in a double-dip recession as COVID-19 lockdowns continue to hammer the services industry.
U.S. data also showed that private payrolls rose by 117,000 jobs last month, according to the ADP National Employment Report, missing expectations.
However, "expectations are for stronger hiring" when the U.S. releases jobs data for February on Friday, Manimbo said.
The dollar index was last up 0.22% at 90.997.
The euro dipped 0.30% to $1.2054.
The U.S. currency has also benefited from a rise in U.S. Treasury yields. Benchmark 10-year yields on Wednesday rose to 1.481%, though they are below a one-year high of 1.614% reached last week.
Comments by Federal Reserve Chairman Jerome Powell on Thursday will be closely evaluated for any indications that the Fed is uncomfortable with the recent yield increases. He is speaking at an event on the U.S. economy.
Riskier currencies including the Australian dollar dipped as stocks fell, indicating worsening risk sentiment.
The Aussie was last down 0.57% at $0.778. It has fallen from a three-year high of $0.8007 last week.
Meanwhile the safe haven Japanese yen continued to weaken, falling as far as 107.08 yen, the weakest since July 23.
The British pound was last down 0.06% on the day at $1.3950 after British finance minister Rishi Sunak said that Britain's government would borrow significantly more in the coming financial year than thought just a few months ago.
Sunak said the economy would regain its pre-pandemic size in the middle of 2022, six months earlier than previously forecast, helped by Europe's fastest COVID-19 vaccination program.
========================================================
Currency bid prices at 9:45AM (1445 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Dollar index 90.9970 90.8110 +0.22% 1.129% +91.0620 +90.6260
Euro/Dollar $1.2054 $1.2091 -0.30% -1.33% +$1.2114 +$1.2043
Dollar/Yen 107.0750 106.7450 +0.17% +3.52% +107.0750 +106.7000
Euro/Yen 129.07 128.99 +0.06% +1.69% +129.4500 +128.7500
Dollar/Swiss 0.9179 0.9145 +0.39% +3.77% +0.9188 +0.9140
Sterling/Dollar $1.3950 $1.3963 -0.06% +2.14% +$1.4005 +$1.3939
Dollar/Canadian 1.2648 1.2636 +0.10% -0.67% +1.2657 +1.2594
Aussie/Dollar $0.7776 $0.7821 -0.57% +1.09% +$0.7838 +$0.7770
Euro/Swiss 1.1063 1.1053 +0.09% +2.37% +1.1086 +1.1055
Euro/Sterling 0.8637 0.8660 -0.27% -3.36% +0.8667 +0.8623
NZ $0.7248 $0.7292 -0.53% +1.00% +$0.7303 +$0.7246
Dollar/Dollar
Dollar/Norway 8.4950 8.4735 +0.19% -1.14% +8.5215 +8.4420
Euro/Norway 10.2360 10.2430 -0.07% -2.18% +10.2653 +10.2100
Dollar/Sweden 8.4051 8.3780 +0.03% +2.55% +8.4196 +8.3570
Euro/Sweden 10.1275 10.1247 +0.03% +0.51% +10.1420 +10.1090
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Karen Brettell; Editing by Alex Richardson)
((karen.brettell@thomsonreuters.com))