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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 -
UK Stocks-Factors to watch on April 13
Published at 13/04/2021 at 07:49
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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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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 -
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
FOREX-Dollar gains with yields, U.S. growth seen likely to outperform
* Graphic: World FX rates
(Adds Fed data, comments, technical projections for yen, updates prices)
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 weakened 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 0.14% at 90.924.
The euro dipped 0.19% to $1.2068.
The U.S. economic recovery continued at a modest pace over the first weeks of this year, with businesses optimistic about the months to come and demand for housing "robust," but the job market only showing slow improvement, the Federal Reserve reported on Wednesday.
The U.S. currency has also benefited from a rise in U.S. Treasury yields. Benchmark 10-year yields
on Wednesday rose to 1.469%, 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.
Chicago Federal Reserve Bank President Charles Evans on Wednesday said he sees the recent rapid rise in bond yields as mostly reflecting improvements in the economy.
Riskier currencies including the Australian dollar dipped as stocks fell, indicating worsening risk sentiment.
The Aussie was last down 0.40% at $0.7788. It has fallen from a three-year high of $0.8007 last week.
Meanwhile the safe haven Japanese yen continued to fall, reaching 107.15 yen, the weakest since July 23.
Technical analysts at Citi said that the yen could strengthen if Treasury yields stabilize at lower levels following Powell's appearance, and ahead of the blackout period for Fed speakers before the Fed's March 16-17 meeting.
The yen could reach support at 106.11 to 106.22, or even continue further to the 105.33-105.44 area, Citi said.
Sterling steadied against the dollar on Wednesday and gained against the euro after the announcement of an expansive budget designed to prop up the British economy as it prepares for a re-opening from lockdown.
It was last up 0.03% on the day at $1.3955.
========================================================
Currency bid prices at 3:27PM (2027 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Dollar index 90.9240 90.8110 +0.14% 1.048% +91.0650 +90.6260
Euro/Dollar $1.2068 $1.2091 -0.19% -1.22% +$1.2114 +$1.2043
Dollar/Yen 106.9550 106.7450 +0.20% +3.55% +107.1500 +106.7000
Euro/Yen 129.07 128.99 +0.06% +1.69% +129.4500 +128.7500
Dollar/Swiss 0.9191 0.9145 +0.50% +3.88% +0.9197 +0.9140
Sterling/Dollar $1.3955 $1.3963 -0.02% +2.18% +$1.4005 +$1.3921
Dollar/Canadian 1.2640 1.2636 +0.03% -0.74% +1.2657 +1.2594
Aussie/Dollar $0.7788 $0.7821 -0.40% +1.26% +$0.7838 +$0.7770
Euro/Swiss 1.1090 1.1053 +0.33% +2.62% +1.1099 +1.1055
Euro/Sterling 0.8645 0.8660 -0.17% -3.27% +0.8667 +0.8623
NZ $0.7261 $0.7292 -0.43% +1.11% +$0.7303 +$0.7238
Dollar/Dollar
Dollar/Norway 8.4875 8.4735 +0.21% -1.11% +8.5215 +8.4420
Euro/Norway 10.2454 10.2430 +0.02% -2.12% +10.2653 +10.2100
Dollar/Sweden 8.4177 8.3780 +0.34% +2.70% +8.4234 +8.3570
Euro/Sweden 10.1587 10.1247 +0.34% +0.82% +10.1645 +10.1090
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Karen Brettell; Editing by Alex Richardson and Will Dunham)
((karen.brettell@thomsonreuters.com))