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FOREX-Dollar jumps as U.S. jobs growth beats expectations
Published at 05/03/2021 at 19:57 -
FOREX-Dollar jumps as U.S. jobs growth beats expectations
Published at 05/03/2021 at 15:02 -
FOREX-Dollar gains across the board as Powell sticks to script
Published at 05/03/2021 at 12:08 -
FOREX-Dollar gains across the board as Powell sticks to script
Published at 05/03/2021 at 09:47 -
FOREX-Dollar ascendant as Powell sticks to script; risk currencies slide
Published at 05/03/2021 at 04:50 -
FOREX-Dollar ascendant as Powell stays dovish course; risk currencies slide
Published at 05/03/2021 at 01:24 -
FOREX-Dollar hits three-month highs as Fed's Powell sticks to script
Published at 04/03/2021 at 20:26 -
FOREX-Dollar pares gains before Fed's Powell speaks
Published at 04/03/2021 at 15:11 -
FOREX-Dollar holds before Powell speaks, Swiss franc falls to five-month low
Published at 04/03/2021 at 12:33 -
FOREX-Dollar holds gains ahead of Powell, Swiss franc falls to 5-month low
Published at 04/03/2021 at 08:53
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Oil surges after OPEC+ holds cuts, strong U.S. jobs growth
Published at 05/03/2021 at 21:24 -
PRECIOUS-Gold holds near 9-month low as yields, dollar gain further
Published at 05/03/2021 at 18:58 -
PRECIOUS-Gold slides to 9-month low as high yields, dollar dull appeal
Published at 05/03/2021 at 12:47 -
PRECIOUS-Gold slides to 9-month low as Powell's remarks make yields rally
Published at 05/03/2021 at 07:28 -
Oil extends gains on OPEC+ supply restraint
Published at 05/03/2021 at 01:46 -
PRECIOUS-Gold sinks to 9-month low as Fed remarks boost dollar, bond yields
Published at 05/03/2021 at 01:26 -
Oil scales 1-year peak as OPEC+ rolls over output for April
Published at 04/03/2021 at 20:15 -
PRECIOUS-Gold crumbles under rising yields, dollar; hits 9-month low
Published at 04/03/2021 at 19:46 -
PRECIOUS-Gold rises as easing bond yields offset firm dollar
Published at 04/03/2021 at 12:42 -
PRECIOUS-Gold prices off 9-month low, but pressured by rising bond yields
Published at 04/03/2021 at 07:48
FOREX-Dollar falls as improving sentiment boosts riskier currencies
* Graphic: World FX rates
* Aussie and kiwi rise early against dollar
* British pound up as exit from lockdown looms on horizon
* Rising Treasury yields to slow dollar's decline
By Stanley White
TOKYO, Feb 22 (Reuters) - The U.S. dollar fell to a three-year low against its Australian counterpart and teetered near three-year low against the British pound as progress in curbing coronavirus infections boosted sentiment for riskier assets.
The greenback also slipped toward a three-year low against the New Zealand dollar as traders sought currencies with close ties to the global commodities trade due to an improving economic outlook.
The U.S. currency, which is often considered a safe asset during times of uncertainty, is likely to fall further as more investors focus on economic recovery once the worst of the coronavirus pandemic passes.
"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.
"Britain's vaccination programme is making a lot of progress. Economic activity is gradually returning to normal in many places, which puts some pressure on the dollar."
The Australian dollar hit $0.7892, its highest since March 2018 while the New Zealand currency rose to $0.7315, its strongest since April 2018.
Vaccine rollouts will ease risks to Australia's economy over the year, ratings agency Fitch said on Monday when it maintained the country's top AAA credit rating, albeit with a negative outlook.
The euro last traded at $1.2124
The British pound bought $1.4030, close to a three-year high.
Against the yen , the dollar held steady at 105.45
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.
Sterling is also in focus because British Prime Minister Boris Johnson will plot a path out of coronavirus lockdowns later on Monday, aided by one of the fastest vaccine rollouts in the world.
Dollar net short positioning fell last week to $29.09 billion, which is the lowest level since mid-December, according to calculations by Reuters and Commodity Futures Trading Commission data.
U.S. dollar net shorts have fallen for four straight weeks, which shows that there are still some investors who are optimistic about the greenback.
Long-term Treasury yields have been rising recently, and the United States has also improved its response to the coronavirus, which will lend the dollar some mild support, Daiwa's Ishizuki said.
In the cryptocurrency market, bitcoin eased slightly to $57,090, but was still near a record high as the digital asset gains more mainstream acceptance.
Ether , a rival cryptocurrency, fell to $1,918.
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Currency bid prices at 0014 GMT
Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid
Previous Change
Session
Euro/Dollar $1.2124 $1.2118 +0.04% -0.78% +1.2129 +1.2110
Dollar/Yen 105.4550 105.4900 +0.02% +2.15% +105.6150 +105.5050
Euro/Yen 127.86 127.75 +0.09% +0.74% +127.9800 +127.7000
Dollar/Swiss 0.8966 0.8965 +0.04% +1.37% +0.8974 +0.8968
Sterling/Dollar 1.4030 1.4001 +0.18% +2.66% +1.4030 +1.4013
Dollar/Canadian 1.2603 1.2619 -0.12% -1.02% +1.2617 +1.2598
Aussie/Dollar 0.7884 0.7868 +0.20% +2.49% +0.7891 +0.7864
NZ 0.7305 0.7297 +0.10% +1.71% +0.7316 +0.7292
Dollar/Dollar
All spots Tokyo spots Europe spots Volatilities Tokyo Forex market info from BOJ
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Stanley White; Editing by Sam Holmes)
((stanley.white@tr.com; +81 (0)3 4563 2799; twitter.com/stanleywhite1 ;))