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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 hits six-week low as traders prepare for Powell
Published at
23/02/2021 at 08:34
* Dollar falls, hits lowest since Jan. 13
* Aussie, Kiwi hold near multi-year highs
* Sterling hits new nearly 3-year high
* Graphic: World FX rates
By Tommy Wilkes
LONDON, Feb 23 (Reuters) - The dollar touched its lowest since Jan. 13 on Tuesday as investors shifted focus to how U.S. Federal Reserve chief Jerome Powell might respond to expectations of resurgent inflation, while commodity-linked currencies hovered near multi-year highs.
The rise in inflation expectations as investors bet on a post-pandemic economic rebound and the so-called "reflation" trade had lifted U.S. government bond yields and - briefly - the dollar until earlier this month.
But analysts expect Powell, who testifies before Congress at 1500 GMT, will provide reassurance that the Fed will tolerate higher inflation without rushing to raise rates. That might calm bond markets and eventually weigh on the dollar, they said.
"Mr. Powell will very likely reiterate that the Fed is a long way from meeting its goals and that it will likely take some time before 'sufficient progress' has been made to taper its bond purchase programme," UniCredit analysts said.
Joe Capurso, Commonwealth Bank of Australia currency analyst in Sydney, said he thought Powell would deliver "a bit of a cold shower and say: 'Mr Market you're getting a bit ahead of yourself....the U.S. economy is long, long way from full employment.'"
The dollar index was last at 90.046 , flat on the day, having earlier fallen to 89.941, its weakest since Jan. 13.
Positioning data shows investors overwhelmingly betting that a U.S. dollar, which has been dropping since last March, will keep falling as the world recovers from the COVID-19 pandemic.
The euro rose 0.1% to $1.2168 . Euro zone government bond yields had also been rising, but on Monday dropped after European Central Bank President Christine Lagarde said the bank was "closely monitoring" rising borrowing costs.
Commodity-linked currencies have been among the best performers in 2021. Surging prices for materials from oil to milk powder have pushed currencies such as the Canadian, Australian and New Zealand dollars to their highest in roughly three years.
On Tuesday, the Aussie traded down slightly at $0.791
having earlier hit a high of $0.7934. The New Zealand dollar was also down while the Canadian dollar was just below its Monday high .
Sterling hit a new nearly three-year high of $1.4098
, up 0.3% on the day, as investors stuck with their bets that a rapid vaccine rollout would allow the British economy to reopen over the next few months.
Prime Minister Boris Johnson laid out his step-by-step plan for ending the current British lockdown on Monday.
The Japanese yen , the worst performing major currency of 2021 because rising U.S. Treasury yields can draw investment from Japan, steadied at 105.13 per dollar, down slightly.
Bitcoin, the world's biggest cryptocurrency, shed 11% to $48,481 after a wild overnight ride where it sank as low as $47,400.
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(Additional reporting by Tom Westbrook in Singapore; editing by Barbara Lewis)
((thomas.wilkes@tr.com; +44 (0) 7769 955711;))