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News

Dollar edges higher as traders await U.S. inflation report

By John McCrank NEW YORK, Aug 9 (Reuters) - The safe-haven dollar edged higher on Tuesday, erasing earlier losses as risk appetite dwindled ahead of key inflation figures that could offer clues on how aggressive the Federal Reserve will be in its expected interest rate hike in September. The dollar index USD= , which measures the currency's value a
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Dollar edges lower as traders await U.S. inflation report

By John McCrank NEW YORK, Aug 9 (Reuters) - The dollar edged lower on Tuesday in thin summer trading with market participants in wait-and-see mode ahead of key inflation figures that could shed more light on how aggressive the Federal Reserve might be in its expected interest rate hike in September. Traders are widely expecting Wednesday's U.S. Con
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Dollar turns slightly defensive, inflation data next key test

By Dhara Ranasinghe LONDON, Aug 9 (Reuters) - The dollar turned defensive against other major currencies on Tuesday, with traders reluctant to push the greenback higher without further signs that another aggressive interest rate hikes from the Federal Reserve was coming in September. U.S. inflation data on Wednesday was shaping up as the next key t
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Australia, NZ dlrs hold gains, data offers mixed message

By Wayne Cole SYDNEY, Aug 9 (Reuters) - The Australian and New Zealand dollars held firm on Tuesday as data showed Australian business activity and costs surging but consumers turning more pessimistic by the day, pointing to higher rates in the short term but lower yields further out. The Aussie edged up to $0.6992 AUD=D3 , having bounced 1% overni
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Australia, NZ dollars find support, markets wager on more hikes

SYDNEY, Aug 8 (Reuters) - The Australian and New Zealand dollars were trying to steady on Monday after a super-strong payrolls report boosted their U.S. counterpart across the board, while slugging bond markets globally. The Aussie did regain a little ground to $0.6926 AUD=D3 , having lost 0.8% on Friday to reach as low as $0.6870 before finding su
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