Published at 26/02/2021 at 17:24
Published at 26/02/2021 at 17:10
Published at 26/02/2021 at 08:18
Published at 26/02/2021 at 08:12
Published at 26/02/2021 at 07:54
Published at 26/02/2021 at 06:13
Published at 26/02/2021 at 05:48
Published at 25/02/2021 at 17:15
Published at 25/02/2021 at 17:15
Published at 25/02/2021 at 08:28
Published at 26/02/2021 at 20:29
Published at 26/02/2021 at 15:23
Published at 26/02/2021 at 12:29
Published at 26/02/2021 at 09:52
Published at 26/02/2021 at 08:53
Published at 26/02/2021 at 08:52
Published at 25/02/2021 at 21:09
Published at 25/02/2021 at 19:47
Published at 25/02/2021 at 15:31
Published at 25/02/2021 at 12:45
Published at 26/02/2021 at 23:05
Published at 26/02/2021 at 18:56
Published at 26/02/2021 at 13:41
Published at 26/02/2021 at 07:40
Published at 26/02/2021 at 02:45
Published at 26/02/2021 at 01:25
Published at 25/02/2021 at 20:28
Published at 25/02/2021 at 18:55
Published at 25/02/2021 at 13:18
Published at 25/02/2021 at 08:12
FOREX-Dollar firm as jittery markets look to Fed for catalysts
Published at 26/01/2021 at 00:46
* Graphic: World FX rates
By Tom Westbrook
SINGAPORE, Jan 26 (Reuters) - The U.S. dollar steadied on Tuesday as rising coronavirus cases and doubts over the speed and size of U.S. stimulus tempered financial markets' upbeat mood, while investors were also cautious ahead of the Federal Reserve's review later in the week.
In overnight trading, bonds rallied, hard-running U.S. equity markets cooled and the cautious move into safer assets lifted the dollar index a little bit to 90.353, which is roughly in the middle of a range it has kept for the past two weeks.
The euro and yen are likewise hemmed in, with the euro unable to break resistance around $1.2190 while the continent grapples with new COVID-19 infections and fresh lockdowns.
The common currency slipped slightly overnight to $1.2142 and held there in early Asia trade. The yen was steady at 103.76 per dollar, while the risk-sensitive Australian and New Zealand dollars softened marginally.
"Markets have come a long way on the hope that COVID goes away and governments spend a lot of money," said Westpac currency analyst Imre Speizer.
"Both of those have stalled at the moment, and so markets will stall as well," he said, leaving the kiwi, for example, in "indecision mode" between $0.7150 and $0.7240.
"One of those needs to break to give you direction for the next couple of weeks," Speizer said. The kiwi was last at $0.7198 and the Australian dollar at $0.7714. Sterling was steady at $1.3670.
Investors had thought that Democrats' control of U.S. Congress, won at Senate runoff elections in early January, could smooth the passage of enormous pandemic relief spending.
Bets the U.S. dollar keeps falling, to extend a downtrend which began last March, hit an almost decade high last week, positioning data shows.
However risk appetite has waned in the meantime as familiar disagreements have emerged to so far delay passage of President Joe Biden's $1.9 trillion.
At the same time, coronavirus cases are surging and U.S. economic data has pointed to a flagging pace in the recovery, leaving investors looking for the Fed to maintain easy policy at its Wednesday meeting, while bracing for lacklustre growth figures on Thursday.
"Q4 (U.S.) GDP is expected to show a very sharp deceleration," ANZ analysts said in a note to clients. "Support from the Fed and fiscal intervention is badly needed and we expect the (Fed) will dismiss any suggestion of early tapering."
Currency bid prices at 8:27AM (027 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Euro/Dollar $1.2137 $1.2143 -0.04% -0.66% +1.2146 +1.2137
Dollar/Yen 103.7550 103.8000 +0.00% +0.49% +103.7950 +0.0000
Euro/Yen 125.93 125.95 -0.02% -0.78% +126.0200 +125.9500
Dollar/Swiss 0.8883 0.8879 +0.05% +0.41% +0.8884 +0.8879
Sterling/Dollar 1.3670 1.3676 -0.04% +0.06% +1.3679 +1.3670
Dollar/Canadian 1.2741 1.2742 +0.01% +0.07% +1.2743 +1.2740
Aussie/Dollar 0.7709 0.7713 -0.06% +0.20% +0.7719 +0.7708
NZ 0.7193 0.7199 -0.07% +0.18% +0.7201 +0.7194
All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates
(Reporting by Tom Westbrook Editing by Shri Navaratnam)
((email@example.com; +65 6318 4876;))