3 months ago
By Chibuike Oguh
NEW YORK, Aug 19 (Reuters) - The dollar weakened against major currencies on Wednesday after the U.S. Treasury Department announced it plans to double liquidity support buyback operations for longer-dated bonds.
The euro rose 0.78% against the dollar to $1.16640, hitting its highest level in more than 2-1/2 months.
Sterling was 0.48% higher against the dollar at $1.3597, rising to its highest since May 11.
The announcement suggests an expansionary monetary policy and the availability of more dollars in the market, which is causing the U.S. currency to depreciate, said Juan Perez, director of trading at Monex USA.
#dollar #highest #chibuike
NEW YORK, Aug 19 (Reuters) - The dollar weakened against major currencies on Wednesday after the U.S. Treasury Department announced it plans to double liquidity support buyback operations for longer-dated bonds.
The euro rose 0.78% against the dollar to $1.16640, hitting its highest level in more than 2-1/2 months.
Sterling was 0.48% higher against the dollar at $1.3597, rising to its highest since May 11.
The announcement suggests an expansionary monetary policy and the availability of more dollars in the market, which is causing the U.S. currency to depreciate, said Juan Perez, director of trading at Monex USA.
#dollar #highest #chibuike
3 months ago
By Chibuike Oguh
NEW YORK, Aug 7 (Reuters) - The dollar fell against major currencies including the yen and euro on Friday after U.S. employment unexpectedly declined in July, fueling concerns about the economy's strength and undermining the case for the Federal Reserve to raise interest rates.
The U.S. economy lost 23,000 jobs in July, the Labor Department said, compared with economists' expectations for an increase of 80,000 jobs, according to a Reuters poll. The U.S. unemployment rate fell to 4.1% as the labor participation rate fell to a near a five-and-a-half year low of 61.4%.
The dollar weakened against the yen after the report, shedding gains made in recent days in the aftermath of a historic intervention last week between ******* anese and U.S. authorities, which had pushed it to a 13-week low.
It was last down 0.57% to 157.56 yen but on track for a weekly gain of about 0.10%.
#labor #rate #last
NEW YORK, Aug 7 (Reuters) - The dollar fell against major currencies including the yen and euro on Friday after U.S. employment unexpectedly declined in July, fueling concerns about the economy's strength and undermining the case for the Federal Reserve to raise interest rates.
The U.S. economy lost 23,000 jobs in July, the Labor Department said, compared with economists' expectations for an increase of 80,000 jobs, according to a Reuters poll. The U.S. unemployment rate fell to 4.1% as the labor participation rate fell to a near a five-and-a-half year low of 61.4%.
The dollar weakened against the yen after the report, shedding gains made in recent days in the aftermath of a historic intervention last week between ******* anese and U.S. authorities, which had pushed it to a 13-week low.
It was last down 0.57% to 157.56 yen but on track for a weekly gain of about 0.10%.
#labor #rate #last
3 months ago
By Chibuike Oguh
NEW YORK, Aug 7 (Reuters) - The dollar fell against major currencies including the yen and euro on Friday after U.S. employment unexpectedly declined in July, fueling concerns about the economy's strength and undermining the case for the Federal Reserve to raise interest rates.
The U.S. economy lost 23,000 jobs in July, the Labor Department said, compared with economists' expectations for an increase of 80,000 jobs, according to a Reuters poll. The U.S. unemployment rate fell to 4.1% as the labor participation rate fell to a near a five-and-a-half year low of 61.4%.
The dollar weakened against the yen after the report, shedding gains made in recent days in the aftermath of a historic intervention last week between ******* anese and U.S. authorities, which had pushed it to a 13-week low.
It was last down 0.57% to 157.56 yen but on track for a weekly gain of about 0.10%.
#fell #rate #week
NEW YORK, Aug 7 (Reuters) - The dollar fell against major currencies including the yen and euro on Friday after U.S. employment unexpectedly declined in July, fueling concerns about the economy's strength and undermining the case for the Federal Reserve to raise interest rates.
The U.S. economy lost 23,000 jobs in July, the Labor Department said, compared with economists' expectations for an increase of 80,000 jobs, according to a Reuters poll. The U.S. unemployment rate fell to 4.1% as the labor participation rate fell to a near a five-and-a-half year low of 61.4%.
The dollar weakened against the yen after the report, shedding gains made in recent days in the aftermath of a historic intervention last week between ******* anese and U.S. authorities, which had pushed it to a 13-week low.
It was last down 0.57% to 157.56 yen but on track for a weekly gain of about 0.10%.
#fell #rate #week
3 months ago
By Chibuike Oguh and Samuel Indyk
NEW YORK/LONDON, Aug 6 (Reuters) - The U.S. dollar rose against the **** anese yen on Thursday, helped by safe-haven positioning from investors awaiting details on a proposed deal to end the Iran conflict and ahead of the monthly U.S. jobs report.
The dollar has been clawing back some recent intervention-driven losses that had pushed it to a 13-week low against the yen following joint action by **** anese and U.S. Treasury authorities to prop up the currency.
The dollar was last up 0.41% against the yen at 158.41, on track for its third straight session of gains after weakening to as low as 155.20 on Monday, its lowest level since early May.
"When you strengthen the yen, you by definition weaken the dollar and that's part of what happened in the first part of the week since Friday," said John Velis, FX and macro strategist at BNY.
#since #indyk
NEW YORK/LONDON, Aug 6 (Reuters) - The U.S. dollar rose against the **** anese yen on Thursday, helped by safe-haven positioning from investors awaiting details on a proposed deal to end the Iran conflict and ahead of the monthly U.S. jobs report.
The dollar has been clawing back some recent intervention-driven losses that had pushed it to a 13-week low against the yen following joint action by **** anese and U.S. Treasury authorities to prop up the currency.
The dollar was last up 0.41% against the yen at 158.41, on track for its third straight session of gains after weakening to as low as 155.20 on Monday, its lowest level since early May.
"When you strengthen the yen, you by definition weaken the dollar and that's part of what happened in the first part of the week since Friday," said John Velis, FX and macro strategist at BNY.
#since #indyk
3 months ago
By Chibuike Oguh
NEW YORK Aug 3 (Reuters) - The yen strengthened against the dollar and euro on Monday as investors watched for signs of further intervention after Tokyo and Washington stepped into the foreign exchange markets last week to support ***** an's currency.
Japan and the U.S. conducted coordinated yen-buying intervention and will not hesitate to take further action, ***** an's Finance Ministry said on Monday.
The ***** anese currency was last up 0.18% at 157.05 per dollar, remaining at its strongest level in about three months.
"It became clear by Friday that there was an intent, and more, of an announcement of the U.S. actually working together with the ***** anese to intervene in the FX," said Juan Perez, director of trading at Monex USA.
#dollar
NEW YORK Aug 3 (Reuters) - The yen strengthened against the dollar and euro on Monday as investors watched for signs of further intervention after Tokyo and Washington stepped into the foreign exchange markets last week to support ***** an's currency.
Japan and the U.S. conducted coordinated yen-buying intervention and will not hesitate to take further action, ***** an's Finance Ministry said on Monday.
The ***** anese currency was last up 0.18% at 157.05 per dollar, remaining at its strongest level in about three months.
"It became clear by Friday that there was an intent, and more, of an announcement of the U.S. actually working together with the ***** anese to intervene in the FX," said Juan Perez, director of trading at Monex USA.
#dollar
4 months ago
By Chibuike Oguh
NEW YORK, June 26 (Reuters) - Global equity markets edged lower on Friday, set for a weekly decline as investors kept taking profits on high-flying technology and chip stocks, while crude oil prices slumped as more tankers left the Strait of Hormuz.
On Wall Street, all three indexes finished slightly lower in choppy trading as losses in industrials, technology and energy offset gains in healthcare and real estate stocks.
The S&P 500 and the Nasdaq notched weekly losses while the Dow was headed for a weekly gain.
Chip stocks lost 5.3%, set for a weekly loss of 7.7%, the largest weekly decline since March 2025.
NEW YORK, June 26 (Reuters) - Global equity markets edged lower on Friday, set for a weekly decline as investors kept taking profits on high-flying technology and chip stocks, while crude oil prices slumped as more tankers left the Strait of Hormuz.
On Wall Street, all three indexes finished slightly lower in choppy trading as losses in industrials, technology and energy offset gains in healthcare and real estate stocks.
The S&P 500 and the Nasdaq notched weekly losses while the Dow was headed for a weekly gain.
Chip stocks lost 5.3%, set for a weekly loss of 7.7%, the largest weekly decline since March 2025.
4 months ago
By Chibuike Oguh
NEW YORK, June 26 (Reuters) - Global equity markets edged lower on Friday and were set for a weekly decline, as continued profit-taking drove a selloff in technology and chip stocks, while crude oil prices slumped as more tankers left the Strait of Hormuz.
On Wall Street, all three indexes were trading higher in choppy trading as gains in healthcare and consumer discretionary stocks offset losses in industrials, technology and energy.
The S&P 500 and the Nasdaq, however, were on track for a weekly loss while the Dow was headed for a weekly gain.
Chip stocks were down 4.5% and were set to shed 7% for the week — the largest weekly decline since March.
NEW YORK, June 26 (Reuters) - Global equity markets edged lower on Friday and were set for a weekly decline, as continued profit-taking drove a selloff in technology and chip stocks, while crude oil prices slumped as more tankers left the Strait of Hormuz.
On Wall Street, all three indexes were trading higher in choppy trading as gains in healthcare and consumer discretionary stocks offset losses in industrials, technology and energy.
The S&P 500 and the Nasdaq, however, were on track for a weekly loss while the Dow was headed for a weekly gain.
Chip stocks were down 4.5% and were set to shed 7% for the week — the largest weekly decline since March.
4 months ago
By Chibuike Oguh
NEW YORK, June 24 (Reuters) - Stocks fell on Wednesday, erasing early Wall Street gains and leaving European shares little changed, as valuation worries continued to weigh on sentiment, while the dollar climbed to a one-year high.
On Wall Street, the benchmark S&P 500 and the Nasdaq ended lower while the Dow gained. Consumer discretionary, industrials and utilities stocks drove gains. Energy stocks were the biggest losers as the continued flow of crude oil through the Strait of Hormuz pushed prices toward four-month lows.
Technology stocks reversed early gains and continued their descent following a selloff on Tuesday. Sentiment has been fragile as investors priced in at least one rate hike from the Federal Reserve this year.
The Dow Jones Industrial Average rose 0.35%, the S&P 500 fell 0.1%, and the Nasdaq Composite fell 0.43%.
NEW YORK, June 24 (Reuters) - Stocks fell on Wednesday, erasing early Wall Street gains and leaving European shares little changed, as valuation worries continued to weigh on sentiment, while the dollar climbed to a one-year high.
On Wall Street, the benchmark S&P 500 and the Nasdaq ended lower while the Dow gained. Consumer discretionary, industrials and utilities stocks drove gains. Energy stocks were the biggest losers as the continued flow of crude oil through the Strait of Hormuz pushed prices toward four-month lows.
Technology stocks reversed early gains and continued their descent following a selloff on Tuesday. Sentiment has been fragile as investors priced in at least one rate hike from the Federal Reserve this year.
The Dow Jones Industrial Average rose 0.35%, the S&P 500 fell 0.1%, and the Nasdaq Composite fell 0.43%.
4 months ago
By Amanda Cooper and Chibuike Oguh
NEW YORK/LONDON, June 23 (Reuters) - Global stocks fell on Tuesday, dragged lower by a broad selloff in technology and semiconductor shares as investors continued taking profits on a long rally while bracing for more aggressive Federal Reserve action to fight inflation.
On Wall Street, the tech-heavy Nasdaq led losses, weighed down by semiconductor shares and some megacap stocks.
Nvidia fell 4% and Tesla dropped nearly 6%. **** eX shares reversed an early decline to trade up nearly 1%. Chip stocks finished down nearly 8%.
The Dow Jones Industrial Average lost 0.09%, the S&P 500 fell 1.4%, and the Nasdaq Composite fell 2.2%.
NEW YORK/LONDON, June 23 (Reuters) - Global stocks fell on Tuesday, dragged lower by a broad selloff in technology and semiconductor shares as investors continued taking profits on a long rally while bracing for more aggressive Federal Reserve action to fight inflation.
On Wall Street, the tech-heavy Nasdaq led losses, weighed down by semiconductor shares and some megacap stocks.
Nvidia fell 4% and Tesla dropped nearly 6%. **** eX shares reversed an early decline to trade up nearly 1%. Chip stocks finished down nearly 8%.
The Dow Jones Industrial Average lost 0.09%, the S&P 500 fell 1.4%, and the Nasdaq Composite fell 2.2%.
5 months ago
Tottenham are the latest club interested in Adam Wharton, Liverpool are yet to agree a deal for Yan Diomande, and Fulham fail with their opening bid for Chibuike Nwaiwu.
Tottenham are ready to test the water with a bid for Crystal Palace's 22-year-old England midfielder Adam Wharton. (Teamtalk)
RB Leipzig have turned down an offer of £87m from Liverpool for 19-year-old Ivory Coast winger Yan Diomande as they want £113m. (Liverpool Echo)
Fulham have had a £17m bid rejected by Turkish club Trabzonspor for 22-year-old Nigeria defender Chibuike Nwaiwu. (Fotomac - in Turkish)
Bayern Munich want to give 24-year-old France winger Michael Olise a lucrative new contract in order amid interest from Real Madrid and Liverpool. (Mirror)
Tottenham are ready to test the water with a bid for Crystal Palace's 22-year-old England midfielder Adam Wharton. (Teamtalk)
RB Leipzig have turned down an offer of £87m from Liverpool for 19-year-old Ivory Coast winger Yan Diomande as they want £113m. (Liverpool Echo)
Fulham have had a £17m bid rejected by Turkish club Trabzonspor for 22-year-old Nigeria defender Chibuike Nwaiwu. (Fotomac - in Turkish)
Bayern Munich want to give 24-year-old France winger Michael Olise a lucrative new contract in order amid interest from Real Madrid and Liverpool. (Mirror)
5 months ago
By Amanda Cooper and Chibuike Oguh
NEW YORK/LONDON, June 8 (Reuters) - The dollar pulled back on Monday from its highest level in nearly two months, after Iran said its attacks on Israel had ended.
Tehran's comments lured investors into other currencies that had been dented after strong U.S. jobs data on Friday prompted traders to ramp up bets on a Federal Reserve rate rise this year.
Iran's military announced on Monday that its first wave of attacks on Israel since a ceasefire in April was now over, although it threatened to resume the strikes if Israel continued attacks on Lebanon.
The euro was a touch stronger on the day at $1.1533, but still hovered near its lowest level in around nine weeks, while the pound edged above three-week lows to $1.3390.
NEW YORK/LONDON, June 8 (Reuters) - The dollar pulled back on Monday from its highest level in nearly two months, after Iran said its attacks on Israel had ended.
Tehran's comments lured investors into other currencies that had been dented after strong U.S. jobs data on Friday prompted traders to ramp up bets on a Federal Reserve rate rise this year.
Iran's military announced on Monday that its first wave of attacks on Israel since a ceasefire in April was now over, although it threatened to resume the strikes if Israel continued attacks on Lebanon.
The euro was a touch stronger on the day at $1.1533, but still hovered near its lowest level in around nine weeks, while the pound edged above three-week lows to $1.3390.
