A look at the day ahead in European and global markets from Tom Westbrook: Having just closed out its worst month since 2010, the dollar's bull run may be ending. Federal Reserve Chair Jerome Powell green-lit selling this week, surprising traders by not pushing back against markets' shifting financial conditions looser in the last few weeks.
A look at the day ahead in European and global markets from Tom Westbrook: Having just closed out its worst month since 2010, the dollar's bull run may be ending. Federal Reserve Chair Jerome Powell green-lit selling this week, surprising traders by not pushing back against markets' shifting financial conditions looser in the last few weeks.
The dollar dipped on Friday as a Federal Reserve official said rate hikes are likely to slow and as investors took profits from earlier gains after jobs data and wage inflation were surprisingly strong in November and muddied the outlook for how hawkish the U.S. central bank will be.
* Asian shares tense ahead of U.S. nonfarm payrolls. * Investors look for more signs about China reopening. * U.S. yields steady after falling for second straight day. * Euro at 5-mth high against dollar; Yen at 3-month high. By Stella Qiu.
The dollar held firm on Friday but was pinned down near 16-week lows against a basket of major currencies as data showing increased U.S. consumer spending in October emboldened investor hopes that the peak in interest rates was on the horizon.
* Stocks little changed after post-Powell gains. * In data: U.S. inflation moderates, manufacturing contracts. * Dollar index sags to lowest since August. By Sinéad Carew and Marc Jones.
Most Latin American currencies rose on
Thursday, aided by weakness in the dollar, while a drop in the
South African rand amid rising political uncertainty weighed on
broader emerging markets.
* Canadian dollar weakens 0.2% against the greenback. * Canadian manufacturing PMI rises to 49.6 in November. * Investors cut Bank of Canada rate hike bets. * 10-year yield falls to lowest since Aug. 18. By Fergal Smith.
* Stocks little changed after post-Powell gains. * In data: U.S. inflation moderates, manufacturing contracts. * Dollar sags to lowest since August. By Sinéad Carew and Marc Jones.
* U.S. stocks give up some post-Powell gains. * In data: U.S. inflation moderates, manufacturing contracts. * Dollar sags to lowest since August. * Shares in Asia rise as China eases some COVID restrictions. By Sinéad Carew and Marc Jones.
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