Oil jumps 3% on weaker dollar after seven days of losses
Oil prices jumped 3% on Monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus variant.
Dollar gains for 2nd day on Afghanistan, Delta variant worries
NEW YORK, Aug 17 (Reuters) – The dollar advanced for a second straight session on Tuesday, bolstered by safe-haven demand, as investors fretted about Afghanistan, a slowing Chinese economy, and the rapid spread of the Delta coronavirus variant which forced some lockdowns.
Safe-haven currencies supported on signs on weakening economic sentiment
Safe-haven currencies such as the yen held firm against riskier currencies on Tuesday as disappointing economic data from China, the spreading Delta variant of the coronavirus and political tension in Afghanistan weighed on risk appetite.
Dollar languishes near one-week low after consumer sentiment blow
The dollar held near a one-week low versus major peers on Monday, after slumping the most in almost seven weeks on Friday as diving U.S. consumer confidence hurt bets for an early tightening of Federal Reserve policy.
Dollar holds firm near 4-month high on Fed tapering bets
The dollar held firm on Friday, staying near its highest level in four months against a basket of currencies as investors looked for more hints from the Federal Reserve on its plans to reduce monetary stimulus.
Asian shares fall as Delta fears eclipse Wall Street uptick
Asian shares failed to follow a strong close on Wall Street with fears about the spread of the Delta variant of the coronavirus weighing on sentiment even as tame U.S. inflation eased fears the Federal Reserve would rush to reduce its economic support.
Dollar buoyed as strong job figures fan Fed tapering talk
The dollar was buoyant in early Tuesday trade as a run of strong U.S. job figures solidified expectations the U.S. Federal Reserve could soon start tapering its massive coronavirus-driven stimulus.
Dollar hits four-month high on euro as markets bet on earlier Fed taper
The dollar climbed against major peers on Monday, reaching a four-month high versus the euro, as traders positioned for an earlier tapering of Federal Reserve stimulus.
Dollar drifts higher as markets await jobs data for Fed clues
The dollar was supported on Friday in the lead up to the release of U.S. employment data, as markets braced for the numbers that could make the case for faster U.S. policy tightening at a time when action in Europe and Japan remains distant.
US dollar, stocks dip as Fed keeps taper timing close to chest
U.S. stocks and the dollar slipped on Wednesday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economic recovery is on track.
