Latest News
Click Here to read UK News
Click Here to read Forex News
Click Here to read Market News
-
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 -
UK Stocks-Factors to watch on March 4
Published at 04/03/2021 at 07:43 -
UK Stocks-Factors to watch on March 4
Published at 04/03/2021 at 05:39 -
European stocks muted as rise in yields, inflation bets curb initial gains
Published at 03/03/2021 at 17:15 -
Banks, homebuilders shine as British shares rally on budget boost
Published at 03/03/2021 at 17:06 -
European stocks rally, FTSE jumps 1% ahead of budget
Published at 03/03/2021 at 08:21 -
Commodity, bank stocks lift UK shares higher ahead of budget
Published at 03/03/2021 at 08:20
-
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 -
FOREX-Dollar holds nerve before Powell, Aussie and kiwi rise again
Published at 04/03/2021 at 05:54 -
FOREX-Dollar bides time, looks to Powell for inspiration
Published at 04/03/2021 at 02:38 -
FOREX-Dollar on the front foot as focus shifts to Powell
Published at 04/03/2021 at 00:46 -
FOREX-Dollar gains with yields, U.S. growth seen likely to outperform
Published at 03/03/2021 at 20:41 -
FOREX-Dollar gains as U.S. growth seen likely to outperform
Published at 03/03/2021 at 15:08
-
PRECIOUS-Gold slides to 9-month low as Powell's remarks make yields rally
Published at 05/03/2021 at 03:25 -
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 -
REFILE-Oil prices firm on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories
Published at 04/03/2021 at 03:40 -
PRECIOUS-Gold recovers from 9-month low, but higher yields weigh
Published at 04/03/2021 at 01:23 -
Oil gains as U.S. fuel stocks drop, OPEC+ considers deal rollover
Published at 03/03/2021 at 20:03
FOREX-Dollar holds at one-week highs as yuan outperforms
* Graphic: World FX rates
By Saikat Chatterjee
LONDON, Jan 26 (Reuters) - The dollar held at a one-week high on Tuesday as doubts over the speed and size of U.S. stimulus discouraged risk-taking in currency markets, with the Chinese yuan the only notable exception.
London trading had a cautious tone after a turbulent Asian session with currencies including the Australian dollar and the euro under selling pressure before this week's Federal Reserve policy meeting.
"FX markets are generally risk-off today with the dollar higher, but the Chinese yuan is among the only currencies in emerging markets holding firm," said Kenneth Broux, a strategist at Societe Generale in London.
Against a basket of other currencies , the dollar rose 0.2% to 90.65, its highest since Jan. 20. It has strengthened 1.6% in three weeks as U.S. Treasury yields rose, after a 6% drop between September and January.
Riskier currencies, including the Australian dollar and the British pound, led losers as some traders unwound large short dollar bets. Short dollar positions had hit their highest in almost 10 years, data last week showed.
The euro was also weighed down by 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.
The Chinese yuan was the rare outperformer against the dollar, even as a senior policymaker warned of debt risks. China's monetary policy will continue to support economic growth and the central bank will watch debt and non-performing loan risks, central bank Governor Yi Gang said.
STRONGER
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.
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.
"The U.S. economy is probably somewhat stronger than some of the other major economies," said John Vail, chief global strategist at Nikko Asset Management in Tokyo. "People will start to think the United States will settle down, which in theory could be dollar-supportive."
The euro , which fell on Monday after the Ifo survey showed German business morale slumping, is also trading in a range between support around $1.2050 and resistance at $1.2215. It slipped 0.2% to $1.2126.
Elsewhere, emerging-market currencies remained under pressure, with the Brazilian real and the Mexican peso
stabilising after a selloff in the past 48 hours.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates FX market positions
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Saikat Chatterjee; additional reporting by Stanley White in Tokyo; editing by Catherine Evans, Larry King)
((vidya.ranganathan@thomsonreuters.com; Reuters Messaging: vidya.ranganathan.thomsonreuters.com@reuters.net))