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European stocks sapped by weak economic data, travel curbs
Published at 22/01/2021 at 17:21 -
UK stocks under pressure from weak data on the economy
Published at 22/01/2021 at 17:12 -
European stocks head lower ahead of business activity data
Published at 22/01/2021 at 08:16 -
British shares slip as energy, mining stocks weigh
Published at 22/01/2021 at 08:13 -
UK Stocks-Factors to watch on Jan. 22
Published at 22/01/2021 at 07:48 -
UK Stocks-Factors to watch on Jan. 22
Published at 22/01/2021 at 06:25 -
European stocks run out of steam after ECB; energy shares weigh
Published at 21/01/2021 at 17:22 -
Energy stocks drag down FTSE 100, IG Group slides
Published at 21/01/2021 at 17:05 -
London stocks rise on swift economic recovery, U.S. stimulus optimism
Published at 21/01/2021 at 08:19 -
European shares extend gains on U.S. stimulus hope
Published at 21/01/2021 at 08:19
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FOREX-Dollar gains after three-day fall as risk rally takes a breather
Published at 22/01/2021 at 20:38 -
FOREX-Dollar edges up after 3-day losing streak as risk rally pauses
Published at 22/01/2021 at 16:17 -
FOREX-Dollar inches up after three-day losing streak; risk currencies fall
Published at 22/01/2021 at 12:44 -
FOREX-Dollar stabilises after three-day decline; PMIs in focus
Published at 22/01/2021 at 09:03 -
FOREX-Dollar nurses weekly loss as bounce fades
Published at 22/01/2021 at 06:09 -
FOREX-Dollar's bounce fades as risk appetite rises
Published at 22/01/2021 at 01:45 -
FOREX-Dollar slides for third day on U.S. data, stimulus expectations
Published at 21/01/2021 at 20:55 -
FOREX-Dollar retreats for third day on U.S. data, stimulus hopes
Published at 21/01/2021 at 19:16 -
Bitcoin slumps 10% as pullback from record high gathers pace
Published at 21/01/2021 at 18:59 -
FOREX-Dollar drops for third day on U.S. stimulus optimism
Published at 21/01/2021 at 16:08
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Oil falls on China's COVID-19 cases, high crude build
Published at 22/01/2021 at 22:44 -
PRECIOUS-Gold falls more than 1% on firm dollar but on course for weekly gain
Published at 22/01/2021 at 19:10 -
REFILE-UPDATE 6-Oil falls as China COVID-19 cases trigger clampdowns
Published at 22/01/2021 at 16:43 -
PRECIOUS-Gold slips as dollar firms but still set for first weekly gain in three
Published at 22/01/2021 at 13:12 -
PRECIOUS-Gold slips as yields gain, but set for best week in five
Published at 22/01/2021 at 08:35 -
Oil drops as new COVID cases in China trigger clampdowns
Published at 22/01/2021 at 02:04 -
PRECIOUS-Gold dips as yields rise, but eyes best week in five
Published at 22/01/2021 at 01:11 -
Oil steadies after unexpected build in U.S. crude stockpiles
Published at 21/01/2021 at 20:06 -
PRECIOUS-Gold slips on profit taking; stimulus bets limit losses
Published at 21/01/2021 at 19:11 -
PRECIOUS-Gold steadies near 2-week high on dollar retreat
Published at 21/01/2021 at 12:31
FOREX-Dollar rally runs out of puff as yields ease
* U.S. Treasury selloff pulls back, dollar bounce subsides
* Dollar index slips back below 90, EUR/USD at $1.2208
* Sterling hits one-week high after BoE talks down negative rates
By Tom Westbrook
SINGAPORE, Jan 13 (Reuters) - The dollar nursed losses on Wednesday as a retreat in U.S. yields sapped momentum from its recent rebound and investors cautiously resumed bets that it can resume sliding.
Benchmark 10-year Treasury yields fell nearly 7 basis points from a 10-month high hit on Tuesday and the turnaround snuffed out a three-day streak for the dollar.
Against the euro, it posted its sharpest daily fall in more than a month and it dropped more than 1% against the pound, which was also boosted by the Bank of England governor talking down the prospect of negative rates.
The Australian and New Zealand dollars rose from one-week lows, lifting the Aussie above 77 cents again to sit at $0.7680 and the kiwi over 72 cents to trade at $0.7226.
The dollar fell through 104 Japanese yen to trade at 103.63 yen on Wednesday and the Chinese yuan also held gains to begin the day at a one-week high in offshore trade.
The moves press the dollar back toward multi-year lows, although it clung above those levels in Asia as the bounce this week has tempered some traders' confidence in the consensus view that U.S. trade and budget deficits will drive it lower.
"The upward correction in the dollar index looks to be over and the downtrend has resumed," ANZ analysts said in a note.
"But with U.S. asset markets in the driving seat, with equities setting the scene for risk appetite and U.S. bonds leading the way in interest rate markets, it's worth asking if we can take dollar weakness for granted."
The euro steadied at $1.2208 and dollar index was steady at 89.991 on Wednesday after falling 0.5% on Tuesday. Sterling hit a week-high of $1.3680.
The bond-market selloff that has driven U.S. yields sharply higher this year and stalled the dollar's decline was triggered by Democrats winning control of U.S. Congress at elections in Georgia last week.
Investors expect to usher in huge sums in government borrowing to fund big-spending stimulus plans and have figured that higher U.S. rates might make dollars more attractive.
However, strong demand at a $38 billion 10-year auction overnight and comments from U.S. Federal Reserve officials reiterating that monetary policy is going to stay supportive seem to have once more turned the blowtorch on the greenback.
"The market hasn't given up on the short dollar, lower real yields, long reflation assets trade just yet," said Chris Weston, head of research at broker Pepperstone in Melbourne.
December U.S. inflation figures are due at 1330 GMT and, after Kansas City Fed President Esther George said overnight she does not expect the Fed to react if inflation tips over its 2% goal, it may take a large surprise to unnerve investors.
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Currency bid prices at 9:14AM in Singapore (0114 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar $1.2210 $1.2207 +0.03% -0.06% +1.2216 +1.2202
Dollar/Yen 103.6200 103.7250 -0.10% +0.32% +103.7850 +103.6200
Euro/Yen 126.52 126.64 -0.09% -0.32% +126.7100 +126.5000
Dollar/Swiss 0.8860 0.8866 -0.04% +0.17% +0.8866 +0.8859
Sterling/Dollar 1.3670 1.3670 +0.01% +0.07% +1.3679 +1.3655
Dollar/Canadian 1.2714 1.2712 +0.01% -0.16% +1.2716 +1.2706
Aussie/Dollar 0.7765 0.7775 -0.11% +0.96% +0.7781 +0.7764
NZ 0.7223 0.7228 -0.03% +0.63% +0.7232 +0.7225
Dollar/Dollar
All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ
(Reporting by Tom Westbrook; Editing by Sam Holmes)
((tom.westbrook@tr.com; +65 6318 4876;))