The dollar traded near a 10-month high against its major peers on Wednesday as Treasury yields stayed elevated on the prospect of higher-for-longer U.S. rates, while the yen stumbled towards a closely-watched intervention zone. Sterling slid to a fresh six-month low of $1.2145 in early Asia...
Gold prices are flat in early Asian trade as U.S. Treasury yields surge to multiyear highs amid a recent bond selloff. Investors are adjusting to the expectation that the Federal Reserve is unlikely to ease policy next year, ANZ analysts say in a research note. Meanwhile,...
Oil’s march toward $100 a barrel remained on pause as the impact of a rapidly tightening market was offset by gains in the dollar that made crude more expensive for many buyers. West Texas Intermediate was steady near $90 a barrel after slipping 0.4% on Monday. Surges in...
Oil’s march toward $100 a barrel remained on pause as a rapidly tightening market was balanced concerns that central banks will keep interest rates higher for longer. West Texas Intermediate was steady near $90 a barrel after slipping 0.4% on Monday. Macroeconomic headwinds — including the risk of...
Gold held losses after the dollar rallied to its highest level this year and US bonds extended a selloff, as consensus for a likely higher-for-longer rate scenario continued to build momentum across markets. The yield on 10- and 30-year Treasury notes surged to new multiyear highs on Monday, with...
The dollar stood by 10-month highs against a basket of major currencies on Tuesday, supported by U.S. bond yields scaling 16-year peaks, while the yen tiptoed deeper into the intervention danger zone. A combination of resilient economic data, hawkish Federal Reserve rhetoric and a budget deficit...
The U.S. dollar edged higher, just below the recent six-month high, making a steady start to the new week as traders digested last week’s series of central bank interest rate decisions. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket...
Gold was steady after traders slightly unwound bets on another rate hike this year, with key US inflation data due this week set to show a deceleration. The annual core metric that strips out food and energy from the Federal Reserve’s preferred inflation measure may have fallen below...
The yen approached the closely watched 150 per dollar level on Monday and kept traders on intervention watch after the Bank of Japan and Governor Kazuo Ueda quashed hopes of any imminent move away from its stark ultra-loose monetary policy. In the broader currency market, the...
Oil headed for its first weekly loss in four after the Federal Reserve flagged a further rise in US interest rates this year, damping appetite for risk assets and overshadowing physical tightness in the crude market. West Texas Intermediate was steady near $90 a barrel on Friday, and...