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Homebuilders, miners push British stocks higher
Published at 01/03/2021 at 09:43 -
European stocks rebound as bond markets stabilise, UK outperforms
Published at 01/03/2021 at 09:39 -
European stocks rebound as bond markets stabilise
Published at 01/03/2021 at 08:25 -
Recovery bets lift British stocks as miners, oil stocks jump
Published at 01/03/2021 at 08:18 -
UK Stocks-Factors to watch on March 1
Published at 01/03/2021 at 06:08 -
European shares drop as high yields spark profit taking in tech, resources
Published at 26/02/2021 at 17:24 -
FTSE 100 marks weakest day in four months as bond rout deepens
Published at 26/02/2021 at 17:10 -
FTSE 100 falls as bond rout hits global equities
Published at 26/02/2021 at 08:18 -
European shares drop more than 1% as bond sell-off intensifies
Published at 26/02/2021 at 08:12 -
UK Stocks-Factors to watch on Feb 26
Published at 26/02/2021 at 07:54
Forex News
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FOREX-Risk currencies, bitcoin recover as yields steady
Published at 01/03/2021 at 09:23 -
FOREX-Risk currencies recover from Friday carnage as bonds regain composure
Published at 01/03/2021 at 06:03 -
FOREX-Risk currencies recover from Friday carnage, dollar consolidates
Published at 01/03/2021 at 01:05 -
FOREX-Dollar gains on higher yields, risky currencies weaken
Published at 26/02/2021 at 20:29 -
FOREX-Dollar gains on higher yields, safe haven bid, risky currencies weaken
Published at 26/02/2021 at 15:23 -
FOREX-Bond selloff boosts dollar, risk currencies knocked lower
Published at 26/02/2021 at 12:29 -
FOREX-Dollar strengthens as U.S. yields spike, pound falls to one-week low
Published at 26/02/2021 at 09:52 -
CORRECTED-FOREX-Dollar firms after U.S. yield spike; yen continues march lower
Published at 26/02/2021 at 08:53 -
CORRECTED-FOREX-Dollar firms after U.S. yield spike, hits six-month high versus yen
Published at 26/02/2021 at 08:52 -
FOREX-Dollar firms on sudden spike in U.S. Treasury yields
Published at 25/02/2021 at 21:09
Market News
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PRECIOUS-Gold rebounds on U.S. stimulus, softer yields
Published at 01/03/2021 at 10:50 -
Oil jumps on vaccine optimism, U.S. stimulus
Published at 01/03/2021 at 10:25 -
PRECIOUS-Gold rises over 1% on weaker dollar, U.S. stimulus cheer
Published at 01/03/2021 at 08:06 -
PRECIOUS-Gold prices edge higher on softer dollar
Published at 01/03/2021 at 01:35 -
Oil prices climb after progress on huge U.S. stimulus bill
Published at 01/03/2021 at 01:04 -
Oil drops on dollar strength and OPEC+ supply expectations
Published at 26/02/2021 at 23:05 -
PRECIOUS-Gold slumps as rising U.S. yields, dollar dull lustre
Published at 26/02/2021 at 18:56 -
PRECIOUS-Gold set for second monthly dip as high U.S. yields erode appeal
Published at 26/02/2021 at 13:41 -
PRECIOUS-Gold hits 8-month trough as U.S. Treasury yields rally
Published at 26/02/2021 at 07:40 -
Oil prices fall on rising U.S. dollar, expectations for supply gains
Published at 26/02/2021 at 02:45
FOREX-Dollar slides on improving European, U.K. economic outlooks, commodities bounce
Published at
22/02/2021 at 20:50
(Revises, updates prices.)
* Dollar index falls again
* Euro back to January levels against dollar
* Australian dollar makes three-year peak
* Sterling near three-year highs as lockdown end comes in view
* Bitcoin pares losses of as much as 16%
* Graphic: World FX rates
By David Henry
NEW YORK, Feb 22 (Reuters) - The U.S. dollar resumed its slide on Monday and reached multi-year lows against the British pound and the Australian dollar as traders focused on the promise of coronavirus vaccinations and the outlooks for economic growth and inflation that could push bond yields higher.
The U.S. dollar index was last down 0.3% in afternoon trading in New York at 90.046 and about even for the year. The dollar has been trending down in February and has now given up about all of its January recovery from a 2020 decline of nearly 7%.
The dollar's latest retreat comes with spreading belief that the U.S. will go farther than necessary to support the economy with government spending and easy money policies and end up with too much inflation and too much additional debt.
Looking for any sign that the U.S. Federal Reserve might become less dovish and more mindful of inflation, markets will be watching testimony on Tuesday from Federal Reserve Chair Jerome Powell to the Senate Banking Committee.
The dollar's downtrend has come as the benchmark yield on 10-year Treasury notes has climbed to 1.37% from 1.1% at end of January. The 10-year yield was relatively steady in trading on Monday in advance of Powell's testimony, which will go into a second day on Wednesday before another committee.
"The dollar continues to wax and wane with U.S. data that have painted a mixed picture of the world’s biggest economy," Joe Manimbo, senior market analyst at Western Union Business Solutions, said in a note on Monday. Weakness in U.S. employment has been undermining dollar rallies as markets see wavering jobs data reinforcing the Federal Reserve's commitment to low interest rates, Manimbo added.
The euro rose 0.4% against the dollar to $1.2162. Data on Monday showed German business morale rose more than expected in February due notably to the country's resilient industrial sector.
Exchange rates between the euro and dollar will depend "on whether the U.S. economy really will be able to achieve a stronger post-lockdown boom than Europe," Commerzbank analyst Ulrich Leuchtmann said.
The British pound was last up 0.5% to $1.4066 and the highest levels since April 2018 as Prime Minister Boris Johnson announced a path out of lockdowns on the UK's relative success providing COVID-19 vaccinations.
"We've clearly started to price in a lot of good news," said Ned Rumpeltin, head of European currency strategy at TD Securities.
The U.S. dollar fell to three-year lows against the Australian dollar, which benefits from rising commodity prices. The Aussie was last up to $0.7917, at its highest levels since March 2018.
"Commodity currencies and the pound are particularly strong against the dollar, and this trend looks set to continue," said Yukio Ishizuki, foreign exchange strategist at Daiwa Securities.
Australia on Monday began its mass COVID-19 vaccine programme as the country looked set to report no local cases for the third straight day, which gave the Aussie a boost.
Bitcoin fell 6% on Monday to $53,866 after surging to a record high of $58,354 a day earlier. The cryptocurrency pared losses as fallling as much as 16% on Monday and going as low as $47,400.
========================================================
Currency bid prices at 3:12PM (2012 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Dollar index 90.0460 90.2910 -0.27% 0.072% +90.5780 +89.9900
Euro/Dollar $1.2162 $1.2118 +0.36% -0.46% +$1.2170 +$1.2092
Dollar/Yen 105.0550 105.4900 -0.42% +1.70% +105.8400 +105.0000
Euro/Yen 127.78 127.75 +0.02% +0.68% +128.2400 +127.5100
Dollar/Swiss 0.8959 0.8965 -0.06% +1.27% +0.9023 +0.8949
Sterling/Dollar $1.4066 $1.4001 +0.47% +2.96% +$1.4085 +$1.3980
Dollar/Canadian 1.2608 1.2619 -0.08% -0.98% +1.2653 +1.2581
Aussie/Dollar $0.7917 $0.7868 +0.64% +2.93% +$0.7929 +$0.7855
Euro/Swiss 1.0895 1.0859 +0.33% +0.81% +1.0915 +1.0863
Euro/Sterling 0.8645 0.8645 +0.00% -3.27% +0.8660 +0.8634
NZ $0.7328 $0.7297 +0.44% +2.06% +$0.7343 +$0.7282
Dollar/Dollar
Dollar/Norway 8.4870 8.4760 +0.05% -1.24% +8.5375 +8.4370
Euro/Norway 10.3252 10.2642 +0.59% -1.35% +10.3299 +10.2173
Dollar/Sweden 8.2680 8.2786 +0.36% +0.87% +8.3080 +8.2526
Euro/Sweden 10.0559 10.0195 +0.36% -0.20% +10.0641 +10.0135
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates German IFO
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by David Henry in New York and Julien Ponthus in London Additional reporting by Stanley White in Tokyo Editing by Paul Simao and Chizu Nomiyama)
((David.Henry@thomsonreuters.com; +1-332-219-1974; Reuters Messaging: david.henry.thomsonreuters.com@reuters.net))