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  • Dollar Weakens in Wake of CPI Release; Yen Climbs Ahead Of BOJ

    Dollar Weakens in Wake of CPI Release; Yen Climbs Ahead Of BOJ0

    The U.S. dollar edged lower in early European trade Friday, continuing the previous session’s selloff after cooling U.S. inflation opened the way for the Federal Reserve to ease the pace of its interest rate hikes. At 03:05 ET (08:05 GMT), the US Dollar Index, which tracks the greenback against a basket of six other currencies,

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  • Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting

    Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting0

    The U.S. dollar stabilized in early European trade Thursday near a one-month low after the first day of Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress, while sterling edges lower ahead of the latest Bank of England meeting. At 01:50 ET (05:50 GMT), the Dollar Index, which tracks the greenback against a basket of

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  • Dollar Retreats After Overnight Gains, Ahead of Economic Data Dump

    Dollar Retreats After Overnight Gains, Ahead of Economic Data Dump0

    The U.S. dollar slipped lower in early European trade Friday, handing back some of the previous session’s gains as traders attempt to gauge the Federal Reserve’s likely tightening path in the new year. At 02:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.2% to

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  • Dollar Edges Lower; Fed Minutes Loom Large

    Dollar Edges Lower; Fed Minutes Loom Large0

    The U.S. dollar edged lower in early European trade Wednesday, handing back some of the previous session’s gains as traders cautiously await the release of the minutes of the Federal Reserve’s February meeting. At 02:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower

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  • Dollar Edges Lower; Chinese Growth Data Boosts Risk Sentiment

    Dollar Edges Lower; Chinese Growth Data Boosts Risk Sentiment0

    The U.S. dollar slipped lower in early European trade Tuesday, handing back some of the overnight gains as healthy Chinese growth data boosted risk sentiment. At 02:05 ET (06:05 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 101.707, after rising 0.5% overnight. China’s post-COVID

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  • Dollar Edges Lower Ahead of Payrolls; yen Weakens After BOJ Stands pat

    Dollar Edges Lower Ahead of Payrolls; yen Weakens After BOJ Stands pat0

    The U.S. dollar edged lower in early European trade Friday ahead of the key monthly jobs report, and the yen weakened after the Bank of Japan retained its ultra-dovish stance. At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 105.125, but

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