Monday, July 4, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Europe & Middle East

Dollar dips slightly as investors wait on the sidelines

MtR by MtR
June 8, 2021
in Europe & Middle East
0
Dollar dips slightly as investors wait on the sidelines


The dollar edged lower on Monday as investors looked ahead to European and U.S. central bank meetings and U.S. inflation data after Friday’s lower-than-expected jobs data.

Friday’s U.S. jobs data had put pressure on the dollar as investors bet that jobs growth was not strong enough to raise expectations for the U.S. Federal Reserve to tighten its monetary policy. read more

There was little movement in major currency pairs and the S&P 500 was modestly lower without U.S. economic data to help give it direction on Monday. {.N]

The dollar index was down 0.1% while the euro was up slightly against the dollar, at $1.2177 .

“At this point it looks like the market really wants to be short dollars. To us it suggests there’s a risk chasing this move. It’s a crowded position. You’ve already got a sizeable chunk of the market that’s net short U.S. dollars so if feels like we need a shakeout of those positions,” said Bipan Rai, North America head of FX strategy at CIBC Capital Markets.

While Rai said there was “some risk the dollar will rally” he noted that investors are waiting for Federal Reserve’s meeting next week.

The foreign exchange market sees no reason for the Fed to change its monetary policy, “so we’ve still got accommodative monetary policy in the United States,” said Kit Juckes, head of FX strategy at Societe Generale.

Market participants will also be looking at U.S. inflation data and the European Central Bank meeting, both on Thursday. read more

Dovish rhetoric from ECB policymakers suggests the bank is in no hurry to slow the pace of buying under the 1.85 trillion euro ($2.24 trillion) Pandemic Emergency Purchase Programme (PEPP). read more

Speculators decreased their net short dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday.

Currency investors seemed to shrug off news that the United States, Britain and other rich nations reached a deal on Saturday to squeeze more money out of multinational companies such as Amazon (AMZN.O) and Google (GOOGL.O) and reduce their incentive to shift profits to low-tax offshore havens. read more

“It was expected they’d come to some kind of agreement,” said CIBC’s Rai, but he said investors were likely wary of making bets as “The road is long and has lots of risks.”

The Australian dollar, which is seen as a proxy for risk appetite, was up 0.18% versus the U.S. dollar at 0.776 .

In cryptocurrencies, bitcoin was up 0.7% around $36,041 , while ether was up 2.6% at $2,780 .

========================================================

Currency bid prices at 10:19AM (1419 GMT)

Our Standards: The Thomson Reuters Trust Principles.



Source link

Related articles

Lithium Niobate Modulators Market Size to Achieve USD 6,943

July 4, 2022

So the arguments over Brexit are done and dusted for a generation. Really, Tony Blair? | Will Hutton

July 3, 2022

Related Posts

Lithium Niobate Modulators Market Size to Achieve USD 6,943

by MtR
July 4, 2022
0

BEIJING, July 03, 2022 (GLOBE NEWSWIRE) -- The Global Lithium Niobate Modulator Market Size accounted for USD 3,889 Million in...

So the arguments over Brexit are done and dusted for a generation. Really, Tony Blair? | Will Hutton

by MtR
July 3, 2022
0

The British economic debate is bewildering, marooned in a discourse in which the pivotal economic fact of 2022 is ignored....

Power generation disrupted due to gas shortage: Nasrul Hamid

by MtR
July 3, 2022
0

Star Digital Report Sun Jul 3, 2022 09:46 PM Last update on: Sun Jul 3, 2022 09:55 PM Representational image...

Northern Ireland wants stability. Tearing up the Brexit agreement will put peace and prosperity at risk | Annalena Baerbock & Simon Coveney

by MtR
July 3, 2022
0

Twenty-four years ago, people from across the island of Ireland came out in huge numbers to vote in support of...

A mirage of peace? Joe Biden ventures back into Middle East’s shifting sands | Simon Tisdall

by MtR
July 3, 2022
0

Across the battlefields of the Middle East, the ground is shifting. New alliances mitigate old enmities. Revised calculations of national...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Lithium Niobate Modulators Market Size to Achieve USD 6,943

July 4, 2022

Has Indonesia shaken its ‘fragile’ status among emerging markets?

July 4, 2022

Some of Asia’s Biggest Stock and Bond Markets Outside China Are Seeing Greater Outflows … – Latest Tweet by Bloomberg

July 4, 2022

ILF: Latin American Stocks Offer Promising Returns At Present Prices (NYSEARCA:ILF)

July 4, 2022

Recent News

Lithium Niobate Modulators Market Size to Achieve USD 6,943

July 4, 2022

Has Indonesia shaken its ‘fragile’ status among emerging markets?

July 4, 2022

Some of Asia’s Biggest Stock and Bond Markets Outside China Are Seeing Greater Outflows … – Latest Tweet by Bloomberg

July 4, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter