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FOREX-Dollar steadies; euro hurt by vaccine delays and German business morale slump
Published at 25/01/2021 at 12:27 -
FOREX-Dollar index resumes its decline as global markets turn hopeful again
Published at 25/01/2021 at 08:51 -
FOREX-Dollar pauses its decline on fresh virus worries
Published at 25/01/2021 at 04:13 -
FOREX-Dollar firm as economic, pandemic gloom damp risk appetite
Published at 25/01/2021 at 01:30 -
FOREX-Dollar gains after three-day fall as risk rally takes a breather
Published at 22/01/2021 at 20:38 -
FOREX-Dollar edges up after 3-day losing streak as risk rally pauses
Published at 22/01/2021 at 16:17 -
FOREX-Dollar inches up after three-day losing streak; risk currencies fall
Published at 22/01/2021 at 12:44 -
FOREX-Dollar stabilises after three-day decline; PMIs in focus
Published at 22/01/2021 at 09:03 -
FOREX-Dollar nurses weekly loss as bounce fades
Published at 22/01/2021 at 06:09 -
FOREX-Dollar's bounce fades as risk appetite rises
Published at 22/01/2021 at 01:45
Market News
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Oil prices steady as lockdowns curb U.S. stimulus optimism
Published at 25/01/2021 at 16:38 -
PRECIOUS-Gold pares gains as the dollar edges higher
Published at 25/01/2021 at 16:15 -
PRECIOUS-Gold firms as dollar, yields ease; Biden stimulus plan in focus
Published at 25/01/2021 at 12:26 -
PRECIOUS-Gold eases on doubts over U.S. stimulus passage
Published at 25/01/2021 at 08:40 -
Oil prices fall for 2nd session as COVID-19 lockdown concerns cast pall over demand prospects
Published at 25/01/2021 at 02:31 -
PRECIOUS-Gold rises as U.S. stimulus hopes bolster appeal
Published at 25/01/2021 at 01:05 -
Oil falls on China's COVID-19 cases, high crude build
Published at 22/01/2021 at 22:44 -
PRECIOUS-Gold falls more than 1% on firm dollar but on course for weekly gain
Published at 22/01/2021 at 19:10 -
REFILE-UPDATE 6-Oil falls as China COVID-19 cases trigger clampdowns
Published at 22/01/2021 at 16:43 -
PRECIOUS-Gold slips as dollar firms but still set for first weekly gain in three
Published at 22/01/2021 at 13:12
FOREX-Dollar edges lower as recent rally runs out of steam
Published at
12/01/2021 at 15:44
* Euro/dollar hovers around $1.216
* Aussie, Kiwi gain as sentiment improves
(New throughout, updates prices, market activity, comments to U.S. market open; previous LONDON)
By Saqib Iqbal Ahmed
NEW YORK, Jan 12 (Reuters) - The U.S. dollar edged lower against a basket of currencies on Tuesday, as its recent rally, driven by a spike in U.S. Treasury yields, appeared to run out of steam.
The dollar had hit a more than 2-1/2-year low in January after sliding for months as the U.S. Federal Reserves' interest rate cuts and strong investor demand for riskier assets has sapped demand for the safe-haven U.S. currency.
Expectations for a wave of spending under an incoming Joe Biden administration have pushed Treasury yields higher, with the 10-year yield reaching a 10-month high on Tuesday.
The dollar index , which measures the greenback against a basket of currencies, was 0.11% lower at 90.38. The index, which fell as low as 89.206 last week, has climbed 1.5% since then.
New lockdown measures across Europe to fight a second COVID-19 wave are feeding worries of a "double-dip recession," in the region, said Minh Trang, senior FX trader at Silicon Valley Bank.
That, combined with the rise in U.S. yields, has helped boost the dollar in recent days, Trang said.
The support from rising yields has so far trumped worries that the extra spending in the United States could trigger a faster rise in inflation. But many analysts expect the dollar to resume its decline as stimulus spending and vaccine rollouts brighten the global economic outlook.
Most emerging market currencies rose on Tuesday, including the offshore yuan , Mexican peso and South African rand .
With risk sentiment improving, riskier developed market currencies such as the Australian and New Zealand dollars also made modest gains against the dollar. .
Sterling rose against the euro and the dollar
on Tuesday as comments from the Bank of England's governor on the viability of negative interest rates dampened some expectations for subzero rates in Britain.
Bitcoin was down about 5% at $33,866, a day after it fell 7% in a highly volatile session. The cryptocurrency's rally has faltered since it soared to a record high of $42,000 on Jan. 8, and it was on pace for it fourth straight session of losses.
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(Reporting by Saqib Iqbal Ahmed; editing by Jonathan Oatis)
((saqib.ahmed@thomsonreuters.com; @SaqibReports; +1 646 223 6054; Reuters Messaging: saqib.ahmed.thomsonreuters.com@reuters.net))