Euro crumbles; traders wait on U.S. consumer test

SYDNEY (Reuters) – The euro was huddled at a 16-month low on Tuesday while the dollar was firm as traders awaited U.S. retail sales data, wary a strong reading could stoke inflation and add pressure on the Federal Reserve to hike rates.FILE PHOTO: The European Central Bank (ECB) presents the

Stocks rise as Fed tapers without tantrums, BoE takes the stage

SYDNEY (Reuters) – Share markets firmed on Thursday after the U.S. Federal Reserve engineered an orderly start to unwinding its massive stimulus programme, though doubts about the inflation outlook did push up longer-dated bond yields.FILE PHOTO: A woman wearing a protective mask, amid the COVID-19 outbreak, walks past an electronic

Sterling, euro gain on dollar after Fed announces taper

HONG KONG (Reuters) – The dollar lost ground on the euro and sterling on Thursday after the U.S. Federal Reserve said it would not rush to raise interest rates even as it began unwinding its pandemic-era stimulus.FILE PHOTO: Dollar, Euro and Pound banknotes are seen in this picture illustration taken

Aussie drops as RBA sounds dovish tone in busy cenbank week

LONDON (Reuters) – Australia’s dollar fell on Tuesday after the Reserve Bank of Australia sounded a more dovish tone than expected, in the first of several meetings of central banks this week.FILE PHOTO: An Australia dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/IllustrationAttention now turns

Dollar holds firm as Fed decision looms; yen dips on LDP victory

TOKYO (Reuters) – The dollar traded near a 2 1/2-week high to major peers on Monday as quickening inflation in the United States boosted the case for earlier Federal Reserve interest rate hikes.FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in

Stocks slip, short-term yields leap with inflation

SINGAPORE (Reuters) – Tech shares slipped and short-term Treasury yields jumped on Tuesday as investors expect inflation to prompt interest rate hikes, with a hotter-than-forecast reading in Australia the latest sign of prices pressuring central bankers to act.FILE PHOTO: A man wearing a protective face mask following an outbreak of

Stocks gain as upbeat Wall St earnings lift outlook

NEW YORK (Reuters) -Global stocks rose and Treasury yields dipped on Monday with major Wall Street benchmarks hitting fresh records, buoyed by a robust start to the U.S. corporate earnings season and an improving economic outlook.FILE PHOTO: Bull and bear symbols for successful and bad trading are seen in front

Asian shares firm, dollar weak as traders eye earnings

HONG KONG (Reuters) – Asian shares held recent gains on Monday ahead of a week packed with major quarterly earnings announcements, while news of trials of a property tax in China and ongoing troubles in the sector weighed on markets in Hong Kong and mainland China.FILE PHOTO: A man wearing

Stocks climb, Dow touches record; U.S. oil rises after EIA data

NEW YORK (Reuters) – Stock indexes mostly rose worldwide on Wednesday, with the Dow Jones Industrial Average touching a record intraday high, as more companies reported earnings that beat analysts’ expectations, while oil prices jumped.FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New

Dollar set to end five-week win streak as risk sentiment rebounds

NEW YORK/LONDON (Reuters) -The dollar edged lower against a basket of major currencies on Friday, on track to break its five-week winning streak, as global risk appetite rebounded, reducing demand for the safe-haven currency.FILE PHOTO: An employee counts U.S. dollar bills at a money exchange in central Cairo, Egypt, March