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Illustration shows U.S. dollar banknotes

Dollar gains on rising US yields, British inflation lifts pound

The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10% in March and put more pressure on the Bank of England to keep raising rates.
Reuters Apr 20, 2023
Illustration shows U.S. Dollar banknotes

Dollar subdued as traders eye Powell testimony, jobs report

The U.S. dollar made a tentative start to the week on Monday as investors awaited testimony from Federal Reserve Chair Jerome Powell and looked towards for a February jobs report that will likely influence how hawkish the U.S.
Reuters Mar 06, 2023
Illustration shows U.S. Dollar banknote

Dollar falters as investors challenge Fed's hawkishness

The dollar was on the back foot on Thursday, even as the Federal Reserve kept to its hawkish rhetoric after raising rates by half a percentage point, as investors were doubtful over how much the central bank would commit to putting the brakes on growth to curb inflation.
Reuters Dec 15, 2022
Illustration shows U.S. Dollar banknote

Dollar rises as inflation pressures persist; FOMC meeting in focus

The dollar firmed on Monday after data showed producer prices in the United States rose more than expected last month, pointing to persistent inflationary pressures and stoking fears the Federal Reserve would need to keep rates higher for longer.
Reuters Dec 12, 2022

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