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FTSE 100 falls as high yields weigh, but marks best week in 2 months
Published at 05/03/2021 at 17:13 -
European stocks pressured by yields, but mark weekly gains on firm cyclicals
Published at 05/03/2021 at 17:12 -
Powell disappointment hits European stocks, tech slides again
Published at 05/03/2021 at 08:28 -
UK shares fall as higher bond yields weigh
Published at 05/03/2021 at 08:13 -
UK Stocks-Factors to watch on March 5
Published at 05/03/2021 at 07:34 -
UK Stocks-Factors to watch on March 5
Published at 05/03/2021 at 05:58 -
FTSE 100 snaps 3-day winning streak as high yields weigh
Published at 04/03/2021 at 17:10 -
European shares end lower as miners and tech are pressured by firmer yields
Published at 04/03/2021 at 17:04 -
Rising U.S. yields knock European stocks, miners slump
Published at 04/03/2021 at 08:30 -
FTSE 100 falls as high yields, inflation worries return to fore
Published at 04/03/2021 at 08:28
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FOREX-Dollar jumps as U.S. jobs growth beats expectations
Published at 05/03/2021 at 19:57 -
FOREX-Dollar jumps as U.S. jobs growth beats expectations
Published at 05/03/2021 at 15:02 -
FOREX-Dollar gains across the board as Powell sticks to script
Published at 05/03/2021 at 12:08 -
FOREX-Dollar gains across the board as Powell sticks to script
Published at 05/03/2021 at 09:47 -
FOREX-Dollar ascendant as Powell sticks to script; risk currencies slide
Published at 05/03/2021 at 04:50 -
FOREX-Dollar ascendant as Powell stays dovish course; risk currencies slide
Published at 05/03/2021 at 01:24 -
FOREX-Dollar hits three-month highs as Fed's Powell sticks to script
Published at 04/03/2021 at 20:26 -
FOREX-Dollar pares gains before Fed's Powell speaks
Published at 04/03/2021 at 15:11 -
FOREX-Dollar holds before Powell speaks, Swiss franc falls to five-month low
Published at 04/03/2021 at 12:33 -
FOREX-Dollar holds gains ahead of Powell, Swiss franc falls to 5-month low
Published at 04/03/2021 at 08:53
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Oil surges after OPEC+ hold cuts, strong U.S. jobs growth
Published at 05/03/2021 at 19:33 -
PRECIOUS-Gold holds near 9-month low as yields, dollar gain further
Published at 05/03/2021 at 18:58 -
PRECIOUS-Gold slides to 9-month low as high yields, dollar dull appeal
Published at 05/03/2021 at 12:47 -
PRECIOUS-Gold slides to 9-month low as Powell's remarks make yields rally
Published at 05/03/2021 at 07:28 -
Oil extends gains on OPEC+ supply restraint
Published at 05/03/2021 at 01:46 -
PRECIOUS-Gold sinks to 9-month low as Fed remarks boost dollar, bond yields
Published at 05/03/2021 at 01:26 -
Oil scales 1-year peak as OPEC+ rolls over output for April
Published at 04/03/2021 at 20:15 -
PRECIOUS-Gold crumbles under rising yields, dollar; hits 9-month low
Published at 04/03/2021 at 19:46 -
PRECIOUS-Gold rises as easing bond yields offset firm dollar
Published at 04/03/2021 at 12:42 -
PRECIOUS-Gold prices off 9-month low, but pressured by rising bond yields
Published at 04/03/2021 at 07:48
FOREX-Dollar retreats as riskier currencies rebound
* Dollar Index down 0.2%
* Rebound in risk sentiment pulls sterling higher
(New throughout, updates prices, market activity, comments to U.S. market open; previous LONDON)
By Saqib Iqbal Ahmed
NEW YORK, Jan 26 (Reuters) - The U.S. dollar fell across the board as riskier currencies found a firmer footing on Tuesday, a day after worries over vaccine rollouts and the outlook for U.S. fiscal stimulus boosted demand for safe havens.
Mounting coronavirus cases and caution ahead of the U.S. Federal Reserve's policy meeting this week has dulled appetite for risk, lending support to the dollar against a basket of currencies in recent sessions, but investors were once again nibbling at riskier currencies on Tuesday.
The U.S. Dollar Currency Index was 0.19% lower at 90.173. The index rose as high as 90.614, its strongest since Jan. 20, earlier in the session.
The dollar appeared to be taking its cue from overall risk sentiment in the market, said Michael Brown, senior analyst at payments firm Caxton, in London.
Data on Tuesday showed U.S. consumer confidence rose moderately in January amid lingering concerns about the COVID-19 pandemic.
"There is also probably a lack of appetite to be buying the dollar before what's likely to be another dovish Federal Open Market Committee (FOMC) meeting tomorrow," Brown said.
Few if any changes are expected to the Fed's policy statement on Wednesday after its two-day meeting and no new economic forecasts are scheduled to be released.
Despite the dollar's recent rebound from multi-year lows, speculators in the currency market remain extremely bearish on the U.S. currency.
Traders are also keenly watching progress on the U.S. stimulus front after U.S. Senate Majority Leader Chuck Schumer said Democrats may try to pass much of President Joe Biden's $1.9 trillion spending package with a majority vote, but it is not clear if they have the numbers to override Republican objections.
The euro was higher on the day, but gains were muted amid early signals that the economy may not rebound as strongly this year as predicted. Germany's Ifo business climate indicator undershot expectations on Monday and an economic surprise index in Europe is near six-week lows.
On Tuesday, the Australian dollar - seen as a liquid proxy for risk - was 0.48% higher against the dollar; the New Zealand dollar was up 0.65%.
Elsewhere, emerging-market currencies saw an easing of recent selling pressure with the Brazilian real rising more than 1%.
Sterling pulled away from a one-week low against the dollar and also gained ground against the euro as rebounding risk appetite in broader asset markets weakened the U.S. currency.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ GRAPHIC: World FX rates GRAPHIC: Down on the dollar
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(Reporting by Saqib Iqbal Ahmed; Editing by Bernadette Baum)
((saqib.ahmed@thomsonreuters.com; @SaqibReports; +1 646 223 6054; Reuters Messaging: saqib.ahmed.thomsonreuters.com@reuters.net))