SINGAPORE (Reuters) - The dollar held above a recent three-year low against a basket of major currencies on Tuesday, with traders turning their attention to U.S. President Donald Trump's State of the Union speech and a Federal Reserve policy meeting for catalysts
The dollar rose 0.1 percent against a basket of six major currencies to 89.430, having pulled up from a low of around 88.43 set last week, its weakest level since December 2014.
the highest since April 2014, and last stood at 2.712 percent
Analysts said a renewed rise in U.S. bond yields this week lent(make) some support to the dollar.
The euro eased 0.1 percent to $1.2373, edging away from a three-year high of $1.2538 touched last week.
The low-yielding yen is a popular funding currency for investments in higher-yielding assets, and therefore tends to benefit when investors trim their risk exposure.
according to a person familiar with the matter, who asked not to be identified discussing private information
The struggling dollar is on track to post its biggest monthly decline in nearly two years as investors ramp up bets that likely higher U.S. interest rates wouldn't support the greenback against the backdrop of a pickup in global growth.
The dollar index is set for its biggest monthly drop since March 2016, and is hovering just above a three-year low of 88.438 hit after U.S. Treasury Secretary Steven Mnuchin endorsed a weaker dollar to help American exports last week
Investors should be carefully watching this as interest rate differentials are still a big driver of currencies and the dollar still leads the pack.
The dollar remains the world's dominant reserve currency for global central banks, with total allocated global FX reserves in dollars more than double of that in euros
Though reserve growth in euros for allocated reserves has outstripped that of the dollar in the past five out of the eight quarters, in times of risk aversion and selloff, the greenback is still a safe haven
For example, the share of euros among global central banks reserves is still below a late 2009 peak of 28 percent
Markets have tended to preempt interest rate hikes by the U.S. Federal Reserve, with the dollar gaining ahead of tightening cycles with protracted weakness seen in the middle and the end of the cycle.
Ericsson (BS:ERICAs) sank 7.6 percent after the telecom equipment maker reported a deeper than expected loss
Electrolux led European gainers, up 5.3 percent after the home appliance maker reported a bigger than expected rise in fourth-quarter profit
It also helps China narrow the gap between its economy’s status as world No. 2 and its currency’s marginal role in the global financial system
Overnight, crude oil prices settled higher shrugging off data showing US domestic oil supplies rose for the first time in 11 weeks and production rose above 10 million barrels per day in nearly half a century
bitcoin drops, on track for largest monthly decline in four years
but those holdings still remains far below even recent highs
according to data compiled by Bloomberg
much-anticipated opinion, plan
helped give a flit to something
Germany's Software AG names Sanjay Brahmawar as new CEO
take up the reins
no press conference is scheduled to follow
A leave no place to hide
debt collector
after its results beat(over) expectations
But over that period
look to diversify 시야를 넓히다
driving the shares up 4.4 percent
be(open) on the front foot
,confirms finance minister
That was the biggest increase in US stockpiles in ten months
Gasoline inventories – one of the products that crude is refined into
a steeper fall than the 1.454 million barrels expected.
while supplies of distillate – the class of fuels that includes diesel and heating oil
That level brings the US closer to world's top producers Saudi Arabia and Russia
european stocks snap three day, montly rising/ losing streak
The dollar rose 0.1 percent against a basket of six major currencies to 89.430, having pulled up from a low of around 88.43 set last week, its weakest level since December 2014.
the highest since April 2014, and last stood at 2.712 percent
Analysts said a renewed rise in U.S. bond yields this week lent(make) some support to the dollar.
The euro eased 0.1 percent to $1.2373, edging away from a three-year high of $1.2538 touched last week.
The low-yielding yen is a popular funding currency for investments in higher-yielding assets, and therefore tends to benefit when investors trim their risk exposure.
according to a person familiar with the matter, who asked not to be identified discussing private information
The struggling dollar is on track to post its biggest monthly decline in nearly two years as investors ramp up bets that likely higher U.S. interest rates wouldn't support the greenback against the backdrop of a pickup in global growth.
The dollar index is set for its biggest monthly drop since March 2016, and is hovering just above a three-year low of 88.438 hit after U.S. Treasury Secretary Steven Mnuchin endorsed a weaker dollar to help American exports last week
Investors should be carefully watching this as interest rate differentials are still a big driver of currencies and the dollar still leads the pack.
The dollar remains the world's dominant reserve currency for global central banks, with total allocated global FX reserves in dollars more than double of that in euros
Though reserve growth in euros for allocated reserves has outstripped that of the dollar in the past five out of the eight quarters, in times of risk aversion and selloff, the greenback is still a safe haven
For example, the share of euros among global central banks reserves is still below a late 2009 peak of 28 percent
Markets have tended to preempt interest rate hikes by the U.S. Federal Reserve, with the dollar gaining ahead of tightening cycles with protracted weakness seen in the middle and the end of the cycle.
Ericsson (BS:ERICAs) sank 7.6 percent after the telecom equipment maker reported a deeper than expected loss
Electrolux led European gainers, up 5.3 percent after the home appliance maker reported a bigger than expected rise in fourth-quarter profit
It also helps China narrow the gap between its economy’s status as world No. 2 and its currency’s marginal role in the global financial system
Overnight, crude oil prices settled higher shrugging off data showing US domestic oil supplies rose for the first time in 11 weeks and production rose above 10 million barrels per day in nearly half a century
bitcoin drops, on track for largest monthly decline in four years
but those holdings still remains far below even recent highs
according to data compiled by Bloomberg
much-anticipated opinion, plan
helped give a flit to something
Germany's Software AG names Sanjay Brahmawar as new CEO
take up the reins
no press conference is scheduled to follow
A leave no place to hide
debt collector
after its results beat(over) expectations
But over that period
look to diversify 시야를 넓히다
driving the shares up 4.4 percent
be(open) on the front foot
,confirms finance minister
That was the biggest increase in US stockpiles in ten months
Gasoline inventories – one of the products that crude is refined into
a steeper fall than the 1.454 million barrels expected.
while supplies of distillate – the class of fuels that includes diesel and heating oil
That level brings the US closer to world's top producers Saudi Arabia and Russia
european stocks snap three day, montly rising/ losing streak
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