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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 resumes rebound from multi-year lows
* Dollar index trades higher
* Sterling gains on euro
(New throughout, updates prices, market activity, comments to U.S. market open; previous LONDON)
By Saqib Iqbal Ahmed
NEW YORK, Jan 13 (Reuters) - The U.S. dollar advanced across the board on Wednesday, shaking off the weakness of the previous session, as it continued its recent rebound from last week's near three-year low.
A rise in U.S. Treasury yields, driven by expectations of higher government spending under the Joe Biden administration, has helped boost the battered dollar in recent sessions.
The greenback has also found support from expectations of a continued economic recovery in the United States, even as countries in Europe resort to lockdowns to fend off a second COVID-19 wave.
"You are seeing a continuance of the U.S. outperformance trade," Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto.
U.S. Treasury yields retreated a little on Wednesday after Federal Reserve officials pushed back against tighter monetary conditions anytime soon, even with the prospect of higher inflation ahead.
Yields on the benchmark Treasury note dropped to 1.110% in early trade, down from an almost 10-month high of 1.187% on Tuesday.
Still, the pop in the 10-year Treasury yield above 1% has put a firmer floor under the dollar, Joe Manimbo, senior market analyst at Western Union Business Solutions, in Washington, said in a note.
The U.S. dollar index was 0.344% higher at 90.335.
Data on Wednesday showed U.S. consumer prices increased solidly in December amid a surge in the cost of gasoline, though underlying inflation remained tame as the COVID-19 pandemic weighed on the labor market and the services industry.
"Overall, the firm headline December CPI gain was mostly due to an energy price pop that is extending into January, though lean readings for the core components suggest little risk of the inflation figures heating up anytime soon," Michael Englund, chief economist at Action Economics, said in a note.
Sterling hit a seven-week high against the euro on Wednesday, building on gains during the previous session when the Bank of England's governor dismissed negative rates, while optimism over the pace of Britain's vaccination rollout also offered support.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates The dollar versus Treasury yields
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(Reporting by Saqib Iqbal Ahmed; editing by Philippa Fletcher)
((saqib.ahmed@thomsonreuters.com; @SaqibReports; +1 646 223 6054; Reuters Messaging: saqib.ahmed.thomsonreuters.com@reuters.net))