Edition:
India

Kate Duguid

Dollar slips ahead of Fed rate decision, euro rises

12:58am IST

NEW YORK The U.S. dollar fell on Tuesday in range-bound trading on the eve of an expected interest rate cut by the Federal Reserve, weakened by a fall in oil prices and a stronger euro.

UPDATE 1-Speculators cut long dollar bets in latest week -CFTC, Reuters

14 Sep 2019

(Adds context, news, table) By Kate Duguid NEW YORK, Sept 13 Speculators reduced their bullish bets on the U.S. dollar in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar's net long position, derived from net positions of International Monetary Market speculators in the yen, euro, British pound, Swiss franc and Canadian and Australian dollars, was $13.33 billion in the week to Sept. 10. That compares with a net long position of $14.24 billion in the previous period. In a wider measure of dollar positioning that includes net contracts on the Brazilian real and Russian ruble, the U.S. dollar posted a net short position valued at $12.58 billion, down from $13.11 billion a week earlier. Early this week, the dollar drifted lower as investor appetite for higher risk currencies found support on a report of German stimulus plans, diminishing chances of a no-deal Brexit and hopes of a breakthrough in the U.S.-China trade war. Since then, the dollar has fallen further as the euro has gained following the European Central Bank's decision on Thursday to exempt euro zone banks from a penalty charge, which analysts say will reduce the currency impact of new stimulus. The ECB on Thursday cut its deposit rate to a record low -0.5% from -0.4% and said it will restart bond purchases of 20 billion euros a month from November. The purchases will run for as long as necessary and end shortly before it starts raising the key ECB interest rates. Japanese Yen (Contracts of 12,500,000 yen) $-3.789 billion 10 Sep 2019 Prior week week Long 56,579 57,222 Short 23,988 29,540 Net 32,591 27,682 EURO (Contracts of 125,000 euros) $6.88 billion 10 Sep 2019 Prior week week Long 180,535 186,144 Short 230,377 235,280 Net -49,842 -49,136 POUND STERLING (Contracts of 62,500 pounds sterling) $7.117 billion 10 Sep 2019 Prior week week Long 37,903 38,695 Short 130,136 123,654 Net -92,233 -84,959 SWISS FRANC (Contracts of 125,000 Swiss francs) $0.364 billion 10 Sep 2019 Prior week week Long 16,087 16,362 Short 18,979 22,201 Net -2,892 -5,839 CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars) $-0.876 billion 10 Sep 2019 Prior week week Long 54,971 48,206 Short 43,448 42,857 Net 11,523 5,349 AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars) $3.636 billion 10 Sep 2019 Prior week week Long 36,994 34,089 Short 90,008 93,407 Net -53,014 -59,318 MEXICAN PESO (Contracts of 500,000 pesos) $-2.453 billion 10 Sep 2019 Prior week week Long 126,807 126,271 Short 31,170 34,480 Net 95,637 91,791 NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars) $1.913 billion 10 Sep 2019 Prior week week Long 22,490 21,066 Short 52,280 51,742 Net -29,790 -30,676 (Reporting by Kate Duguid; Editing by David Gregorio and Tom Brown)

TREASURIES-Yields tick lower as data, Fed firm up 25 bp cut expectations

06 Sep 2019

NEW YORK, Sept 6 A mixed employment report on Friday morning and an even-keel message from U.S. Federal Reserve Chair Jerome Powell left yields modestly lower, firming up market expectations the central bank will cut interest rates by the expected 25 basis points at its September meeting.

TREASURIES-Slow jobs growth knocks yields lower, but strong wages cushion blow

06 Sep 2019

NEW YORK, Sept 6 U.S. Treasury yields fell on Friday following the Labor Department's report showing job growth slowed more than expected in August, but losses were cushioned by strong wage gains, which should support consumer spending and keep the economy expanding moderately amid rising threats from trade tensions.

TREASURIES-Yields rise on trade hopes and ahead of U.S. data, Fed's Powell

05 Sep 2019

NEW YORK, Sept 5 Treasury yields were higher on Thursday following news that the United States and China had agreed to hold trade talks in October and ahead of U.S. employment data for August and remarks from Federal Reserve Chair Jerome Powell, both on Friday.

TREASURIES-Yields soar on news China, U.S. to hold Oct. talks

05 Sep 2019

NEW YORK, Sept 5 Treasury yields rocketed higher on Thursday after news that the United States and China had agreed to hold talks in October, spurring hopes for a long-awaited trade deal that might remove a drag on growth.

TREASURIES-Two-year yields lowest since 2017, steepening curve

05 Sep 2019

NEW YORK, Sept 4 Two-year Treasury yields hit their lowest since September 2017, steepening the yield curve on Wednesday, after the Federal Reserve's Beige Book report and GDPNow tool reflected expectations that growth would slow in the third quarter.

TREASURIES-Curve steepens as risk appetite drives long-dated yields higher

04 Sep 2019

NEW YORK, Sept 4 The U.S. Treasury yield curve on Wednesday was its steepest in more than two weeks as risk sentiment improved, driving longer-dated yields higher, following the easing of geopolitical tensions in Hong Kong and Great Britain.

TREASURIES-U.S. manufacturing shrinks, 10-year yield hits three-year low

04 Sep 2019

NEW YORK, Sept 3 U.S. Treasury yields fell on Tuesday, with the benchmark 10-year yield hitting its lowest since July 2016, after U.S. manufacturing data showed the first contraction since 2016 on worries about a weakening global economy and U.S.-China trade tensions.

TREASURIES-U.S. manufacturing shrinks, 10-year yield hits three-year low

04 Sep 2019

NEW YORK, Sept 3 U.S. Treasury yields fell on Tuesday, with the benchmark 10-year yield hitting its lowest since July 2016, after manufacturing data showed the U.S. factory sector contracted for the first time since 2016 amid worries about a weakening global economy and trade tensions between China and the United States.

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