NEW YORK (Reuters) - Speculators' bets on the U.S. dollar swung to a net short for the first time in more than a year, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.
Asia Pacific equities fell on Friday as the US dollar hovered at 11-month lows and the euro held at a two-year high achieved on Thursday as the market digested comments from the European Central Bank's president.
NEW YORK (Reuters) - The outlook for the U.S. dollar turned even more bearish on Tuesday after healthcare reform legislation again failed to pass in Congress, casting further doubt on whether the Trump administration will be able to progress to tax ...
“The surprise outcome of the US Presidential election with its implications for tax cuts and increased fiscal spending along with expectations that the Fed will raise its benchmark rate further in 2017 helped push the dollar to a 14-year high (on a ...
The U.S. Dollar bearish trend has continued as 'DXY' set a fresh One-Year low this morning. - The Fed has a rate decision scheduled for next Wednesday, but perhaps more pertinent to the U.S. Dollar will the U.S. data prints offered throughout next week.
Gold prices are climbing past $1,255 for the first time in weeks on the back of a weaker US dollar. The yellow metal was trading 0.3 per cent higher at $1,255.80 per ounce after it finally broke through the $1,250 barrier yesterday.
The current weakness in the U.S. dollar may be short lived, as a pick-up in inflation and expected rate hikes by the Federal Reserve will support the greenback in the coming months, JPMorgan Asset Management said Wednesday.