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Solid earnings lift European stocks ahead of ECB meeting outcome
Published at 22/04/2021 at 09:41 -
British shares rise on industrials boost; Rentokil slumps
Published at 22/04/2021 at 09:35 -
FTSE 100 rises on miners, industrials boost; Rentokil Initial slumps
Published at 22/04/2021 at 08:22 -
European shares extend gains on upbeat Nestle, Volvo earnings
Published at 22/04/2021 at 08:17 -
UK Stocks-Factors to watch on April 22
Published at 22/04/2021 at 07:52 -
UK Stocks-Factors to watch on April 22
Published at 22/04/2021 at 06:17 -
FTSE 100 ends higher on AstraZeneca, oil stock boost; Just Eat Takeaway slumps
Published at 21/04/2021 at 17:29 -
European shares rebound on strong earnings, M&A speculation boosts Hugo Boss
Published at 21/04/2021 at 17:17 -
FTSE 100 rises on boost from BP, Shell; Just Eat Takeaway slumps
Published at 21/04/2021 at 08:23 -
European stocks bounce back as ASML outlook lifts tech sector
Published at 21/04/2021 at 08:20
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FOREX-Euro inches higher ahead of ECB meeting, dollar languishes
Published at 22/04/2021 at 12:09 -
FOREX-Euro tiptoes higher ahead of ECB meeting
Published at 22/04/2021 at 09:12 -
FOREX-Dollar near multi-week lows as yield support fades, euro eyes ECB
Published at 22/04/2021 at 06:17 -
FOREX-Dollar loses bond yield support, euro looks to ECB for inspiration
Published at 22/04/2021 at 03:24 -
FOREX-Dollar stalls as yield gains slow, focus shifts to ECB
Published at 22/04/2021 at 02:03 -
FOREX-U.S. dollar losses bounce after Canada tips toward higher rates
Published at 21/04/2021 at 21:00 -
FOREX-U.S. dollar losses bounce after Canada tips toward higher rates
Published at 21/04/2021 at 17:51 -
FOREX-Dollar firm as COVID-19 resurgence dampens risk appetite
Published at 21/04/2021 at 15:25 -
FOREX-Dollar firm as COVID-19 resurgence hits reflation trades
Published at 21/04/2021 at 12:33 -
FOREX-Dollar firms from 7-week lows as risk appetite fades
Published at 21/04/2021 at 09:19
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Oil rises as EU keeps stimulus flows, dollar falls
Published at 22/04/2021 at 14:48 -
PRECIOUS-Gold slips from 2-month peak, palladium holds near record high
Published at 22/04/2021 at 13:20 -
PRECIOUS-Gold nears $1,800 level as U.S. dollar, yields lose ground
Published at 22/04/2021 at 08:25 -
Oil falls 3rd day on U.S. stock build, surging COVID-19 cases
Published at 22/04/2021 at 03:04 -
PRECIOUS-Gold hovers near eight-week high on easing U.S. dollar, yields
Published at 22/04/2021 at 02:37 -
Oil prices drop 2% on U.S. crude build, COVID-19 surge in India
Published at 21/04/2021 at 22:33 -
PRECIOUS-Supply woes push palladium to record high, gold up more than 1%
Published at 21/04/2021 at 18:54 -
PRECIOUS-Gold gains as easing U.S. Treasury yields boost appeal
Published at 21/04/2021 at 14:04 -
PRECIOUS-Gold gains as softer U.S. dollar, yields lift appeal
Published at 21/04/2021 at 08:11 -
Oil falls for second day as India's COVID-19 surge to dent fuel demand
Published at 21/04/2021 at 03:26
FOREX-Dollar ascendant as Powell stays dovish course; risk currencies slide
* Graphic: World FX rates
By Kevin Buckland
TOKYO, March 5 (Reuters) - The dollar held firmly near three-month highs on Friday after surging overnight as Federal Reserve Chair Jerome Powell stuck with dovish rhetoric despite a recent spike in bond market volatility.
The U.S. currency soared the most in a month after Powell said the violent sell-off in Treasuries last week was "notable and caught my attention" but was not "disorderly" or likely to push long-term rates so high the Fed might have to intervene more forcefully.
Instead, he reiterated a commitment to maintain ultra-easy monetary policy until the economy is "very far along the road to recovery."
Powell's remarks reignited selling in Treasuries, with the benchmark 10-year Treasury yield jumping back above 1.5% and rising as high as 1.5830% in Asia. Last week, it had soared to a three-month top of 1.614%.
Riskier currencies including the Australian and New Zealand dollars slid along with stocks as investor sentiment again turned sour.
"Quite a night for market volatility, with the bond market the centre of attention," Ray Attrill, head of forex strategy at National Australia Bank in Sydney, wrote in a client note.
"The market was seemingly looking for Powell to push back harder on the recent increase in yields."
The dollar index was little changed at 91.660 early in the Asian session after gaining 0.7% overnight.
The euro slipped 0.1% to $1.19635, a one-month low, following a 0.7% slump overnight.
The dollar eased slightly to 107.835 yen , but remained near the multi-month high at the cusp of 108 touched during Thursday's 0.9% surge.
The safe-haven dollar has been supported both by the higher Treasury yields themselves, and the upswing in risk aversion the bond rout has fomented.
Impending U.S. fiscal stimulus is adding fuel to expectations of higher inflation, as the accelerating rollout of COVID vaccines heightens optimism for an economic recovery.
While many analysts expect commodity-linked currencies to climb as economies reopen after the pandemic, they have been hurt by the souring mood.
The Aussie weakened 0.3% to $0.7705, extending Thursday's 0.7% drop. The kiwi fell 0.2%, adding to its 0.8% slide overnight. ========================================================
Currency bid prices at 106 GMT
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar $1.1956 $1.1973 -0.12% -2.13% +1.1977 +1.1956
Dollar/Yen 107.8850 107.9400 -0.06% +4.44% +107.9970 +107.8750
Euro/Yen 129.00 129.25 -0.19% +1.64% +129.3100 +129.0200
Dollar/Swiss 0.9293 0.9288 +0.05% +5.04% +0.9296 +0.9288
Sterling/Dollar 1.3875 1.3897 -0.13% +1.59% +1.3895 +1.3879
Dollar/Canadian 1.2687 1.2667 +0.17% -0.35% +1.2687 +1.2661
Aussie/Dollar 0.7699 0.7721 -0.25% +0.11% +0.7726 +0.7701
NZ 0.7162 0.7186 -0.29% -0.22% +0.7192 +0.7165
Dollar/Dollar
All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Kevin Buckland; Editing by Stephen Coates)
((Kevin.Buckland@thomsonreuters.com;))