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FOREX-Dollar stands stall as global stock rally fizzles
Published at 28/01/2021 at 05:31 -
FOREX-Dollar rises as stock slump rattles investor confidence
Published at 28/01/2021 at 02:27 -
FOREX-Dollar gains on risk aversion as stock rout spreads
Published at 28/01/2021 at 00:41 -
FOREX-Dollar rises on risk aversion, Fed cautious on economic recovery
Published at 27/01/2021 at 21:04 -
Bitcoin slips below $30,000
Published at 27/01/2021 at 15:54 -
FOREX-Dollar rises as investors back away from riskier currencies
Published at 27/01/2021 at 15:44 -
FOREX-ECB comments suppress euro, dollar perks up ahead of Fed
Published at 27/01/2021 at 12:03 -
FOREX-Dollar edges before Fed meeting, euro slips
Published at 27/01/2021 at 09:17 -
FOREX-Dollar on back foot with Fed's Powell likely to sound dovish note
Published at 27/01/2021 at 04:37 -
FOREX-Dollar on the defensive with Fed's Powell likely to sound dovish note
Published at 27/01/2021 at 00:36
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Oil falls on demand fears, strengthening dollar
Published at 28/01/2021 at 05:31 -
PRECIOUS-Gold falls as safe-haven appeal shifts to dollar
Published at 28/01/2021 at 03:57 -
Oil slips on tightening COVID-19 curbs, especially in China
Published at 28/01/2021 at 02:32 -
PRECIOUS-Gold slips as investors prefer safety of dollar
Published at 28/01/2021 at 01:03 -
Oil prices end mixed, despite big U.S. crude stock drawdown
Published at 27/01/2021 at 21:07 -
PRECIOUS-Gold hits more than 1-week low on doubts over stimulus bill, firm dollar
Published at 27/01/2021 at 18:52 -
PRECIOUS-Gold slips as dollar rebounds ahead of U.S. Fed verdict
Published at 27/01/2021 at 12:52 -
PRECIOUS-Gold range-bound as focus shifts to Fed policy decision
Published at 27/01/2021 at 07:56 -
Oil rises as U.S. oil stockpiles drop, new Chinese COVID-19 cases decline
Published at 27/01/2021 at 02:32 -
PRECIOUS-Gold steady ahead of U.S. Fed policy decision
Published at 27/01/2021 at 00:52
FOREX-Dollar extends rebound as investors await U.S. stimulus details, bitcoin bounces
* Graphic: World FX rates
By Kevin Buckland
TOKYO, Jan 14 (Reuters) - The dollar extended its rebound from near three-year lows versus major peers on Thursday, supported by higher U.S. yields, as President-elect Joe Biden prepared to outline his plans for massive fiscal stimulus.
The dollar index held onto gains made on Wednesday in early Asian trading as investors continued to unwind bearish bets. The dollar has risen in four of the past five trading sessions as the prospect of more stimulus has weighed on U.S. government bonds, sending the benchmark Treasury yield above 1% for the first time since March.
Bitcoin also held on to 10% gains made on Wednesday as it rebounded after sliding almost $12,000 from an all-time high of $42,000 hit last week.
Biden will give details on Thursday of a plan for "trillions" of dollars in pandemic relief. Expectations that more stimulus will fuel faster growth has lifted U.S. yields, which in turn supported the dollar.
However many analysts expect the currency's bounce to be temporary, as a build up of bearish dollar positions are shaken out. Longer term, they expect more U.S. stimulus to support risk sentiment, weighing on the greenback, which is traditionally considered a safe-haven.
"I think positioning in risk assets is becoming a concern, so there could be a squeeze in the dollar near-term," said Shusuke Yamada, chief Japan FX strategist at Bank of America in Tokyo.
"I am focusing on gradual dollar weakness in 2021."
FX speculators have been net short the dollar since mid-March, as investors' surging appetite for riskier assets hurt demand for the greenback.
The dollar index traded little changed at 90.292 after adding 0.3% overnight. It fell as low as 89.206 on Jan. 6 for the first time since March 2018.
The euro was largely steady at $1.2164 after sliding 0.4% on Wednesday.
The greenback was little changed at 103.925 yen , following a 0.1% rise previously.
Bitcoin was 0.6% higher at $37,655 on Thursday, up from as low as $30,261.13 on Jan. 11. ========================================================
Currency bid prices at 10:06AM (106 GMT)
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar $1.2165 $1.2159 +0.05% -0.43% +1.2171 +1.2155
Dollar/Yen 103.8670 103.8850 +0.01% +0.59% +103.9200 +103.8150
Euro/Yen 126.37 126.28 +0.07% -0.43% +126.4300 +126.2300
Dollar/Swiss 0.8871 0.8875 -0.04% +0.28% +0.8877 +0.8871
Sterling/Dollar 1.3651 1.3637 +0.10% -0.09% +1.3651 +1.3644
Dollar/Canadian 1.2686 1.2701 -0.10% -0.36% +1.2699 +1.2688
Aussie/Dollar 0.7749 0.7734 +0.20% +0.74% +0.7750 +0.7733
NZ 0.7191 0.7175 +0.24% +0.15% +0.7193 +0.7182
Dollar/Dollar
All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Kevin Buckland; Editing by Ana Nicolaci da Costa)
((Kevin.Buckland@thomsonreuters.com;))