Edition:
United States

Kate Duguid

Dollar falls on rising inflation expectations, higher euro

Jul 14 2020

NEW YORK The dollar fell in North American trade on Tuesday as expectations for inflation picked up slightly and the euro rose on optimism about the possibility of a European Union stimulus package.

FOREX-Dollar falls on rising euro, higher U.S. stocks

Jul 14 2020

NEW YORK, July 14 - The dollar fell in North American trade on Tuesday as the euro rose on optimism about the possibility of a European Union stimulus package and as U.S. stocks gained.

Bill Gross predicts value outperforms growth, based on rates correlation

Jul 14 2020

NEW YORK Billionaire investor Bill Gross is predicting that value stocks like IBM and Altria Group are likely to fare better than growth stocks like Apple or Amazon.com in the near term, due to a correlation with real interest rates.

Dollar stabilizes ahead of earnings, U.S. consumer data

Jul 13 2020

NEW YORK The dollar edged lower on Monday as investors looked to U.S. corporate earnings and upcoming retail data to gauge whether guarded optimism on the economic outlook was justified.

FOREX-Dollar falls as U.S. earning season kicks off

Jul 13 2020

NEW YORK, July 13 The U.S. dollar edged lower on Monday as investors looked to domestic corporate earnings and upcoming retail data to gauge whether guarded optimism on the country's economic outlook is justified.

Federal Reserve's $3 trillion virus rescue inflates market bubbles

Jul 13 2020

The Federal Reserve's $3 trillion bid to stave off an economic crisis in the wake of the coronavirus outbreak is fuelling excesses across U.S. capital markets.

UPDATE 1-Net short dollar positions fall in latest week -CFTC, Reuters

Jul 06 2020

(Adds details, context, table) By Kate Duguid NEW YORK, July 6 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 Monday. The value of the net short dollar position fell to $13.91 billion in the week ended June 30, compared with a net short of $16.83 billion the previous week. U.S. dollar positioning was derived from net contracts of International Monetary Market speculators in the Japanese yen, euro, British pound, Swiss franc and Canadian and Australian dollars. Traders who are long on a currency believe it will rise in value, while being short points to a bearish bias. In a wider measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian ruble, the U.S. dollar posted a net short position of $14.59 billion, down from $17.57 billion a week earlier. Japanese Yen (Contracts of 12,500,000 yen) $-2.764 billion 30 Jun 2020 Prior week week Long 42,755 50,490 Short 18,894 23,032 Net 23,861 27,458 EURO (Contracts of 125,000 euros) $-13.892 billion 30 Jun 2020 Prior week week Long 180,387 190,816 Short 81,432 72,368 Net 98,955 118,448 POUND STERLING (Contracts of 62,500 pounds sterling) $1.627 billion 30 Jun 2020 Prior week week Long 34,424 29,654 Short 55,414 48,170 Net -20,990 -18,516 SWISS FRANC (Contracts of 125,000 Swiss francs) $-0.573 billion 30 Jun 2020 Prior week week Long 12,796 11,739 Short 8,458 10,291 Net 4,338 1,448 CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars) $1.512 billion 30 Jun 2020 Prior week week Long 28,174 22,852 Short 48,693 43,686 Net -20,519 -20,834 AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars) $0.201 billion 30 Jun 2020 Prior week week Long 40,025 35,974 Short 42,933 40,784 Net -2,908 -4,810 MEXICAN PESO (Contracts of 500,000 pesos) $-0.456 billion 30 Jun 2020 Prior week week Long 55,795 51,601 Short 34,839 28,423 Net 20,956 23,178 NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars) $-0.023 billion 30 Jun 2020 Prior week week Long 16,314 16,174 Short 15,958 16,189 Net 356 -15 (Reporting by Kate Duguid Editing by Chris Reese and Marguerita Choy)

Risk-on move dents dollar; yuan notches best day since December

Jul 06 2020

NEW YORK The yuan on Monday recorded its best day against the dollar since December as investors lapped up risky assets on growing expectations of a strong Chinese economic rebound and as glimmers of good news in U.S. data drove down demand for the safe-haven dollar.

FOREX-Risk-on move dents dollar; yuan set for best day since Dec

Jul 06 2020

* Yuan at highest levels since March 18 vs. USD (New throughout; changes dateline; previous LONDON)

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