Investing.com - The dollar was holding steady near three-and-a-half month highs against a basket of the other major currencies on Thursday, supported by higher Treasury yields as the U.S. 10-year bond yield held above the 3% level.
By Tommy Wilkes LONDON (Reuters) - The euro edged off eight-week lows on Thursday as traders prepared for a European Central Bank meeting from which investors will be searching for any signals about when the bank will begin unwinding its stimulus. The ECB decision was due at 1145 GMT and president Mario Draghi scheduled his press conference for 1230. "We think the ECB is probably quite happy with its forward guidance.
The European Central Bank meets for its policy-setting meeting on Thursday and the big question on traders’ mind is when President Mario Draghi & Co. will put an end to its aggressive bond buying program ...
The euro has sold-off lately and is trading around its lowest level since mid-January against the U.S. dollar on Wednesday. But this is rendering it undervalued ahead of the European Central Bank’s policy ...
Euro zone government borrowing costs inched down on Thursday, as investors wait to see whether the European Central Bank will offer any clues on the timing and pace of unwinding its ultra-easy monetary stimulus. The ECB is set to keep policy unchanged at a meeting on Thursday but its comments will be followed closely for further guidance as to when it might signal a move towards ending its 2.55 trillion ($3.16 trillion) asset purchase scheme later this year. ECB chief Mario Draghi will have to contend with a slew of data showing recent weakness in the euro zone economy that has prompted investors to push back expectations for a rate rise further into 2019.
Investing.com - Cryptocurrency prices were down on Thursday. Reports that Nasdaq’s CEO voiced support for the digital coins gathered some attention. Meanwhile, U.S. state Wisconsin is considering accepting Bitcoin for donation.
Investing.com - Gold prices rose on Thursday morning as the dollar retreated across the board in Asia despite the rising 10-year U.S. treasury yields.
Investing.com - The dollar retreated across the board in Asia on Thursday morning, but remained well above the 90 level as the U.S. 10-year Treasury yields continued to weigh on the currency market. Meanwhile, Australia reported bullish import and export price index.
The US dollar rallied against the Canadian dollar during the trading session on Wednesday, as we continue to see bullish pressure for the greenback overall due to the interest rates rising in the bond market in America. This of course has people looking to buy bonds, which of course are priced and US dollars.
The New Zealand dollar fell during trading on Wednesday, as we continue to see interest rates rise in the United States, which of course puts a significant amount of upward pressure on the greenback itself. Ultimately, as stock markets unwind, that should also put downward pressure on the Kiwi dollar, as it is a proxy for risk appetite.
As the US dollar continues to attract inflows, mainly due to a “risk off” attitude in markets, and of course this tends to favor the US dollar in general. This also is in reaction to the 10-year interest rates rising over 3%, which as the markets a bit spooked.
Jonathan Corpina of Meridian Equity Partners joins Yahoo Finance's Seana Smith to break down the latest market moves.
Natixis Research Analyst Dirk Schumacher speaks about Thursday's upcoming monetary policy decision from the European Central Bank.