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Gertrude Chavez-Dreyfuss

UPDATE 1-Speculators cut net long dollar bets to lowest in more than a year -CFTC, Reuters

23 Aug 2019

(Adds details, comment, table) By Gertrude Chavez-Dreyfuss NEW YORK, Aug 23 Speculators' net long dollar position fell to its lowest in more than a year, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $13.327 billion in the week ended Aug. 20, compared with $16.7 billion in the previous week. This week's net long dollar position was the smallest since early July 2018, falling for a third straight week. In a wider measure of dollar positioning that includes net contracts on the New Zealand dollar, Mexican peso, Brazilian real and Russian ruble, the greenback posted a net long position of $10.9 billion in the week ended Aug. 20, compared with $12.31 billion the previous week. The dollar was pressured all week by the continued slide in U.S. Treasury yields and the subsequent inversion in the yield curve, a scenario some analysts believe presages a recession. So far this month, the dollar has weakened by 0.8% against a basket of six major currencies. The dollar was further pummeled on Friday after a series of tweets from President Donald Trump that further escalated trade tensions between the United States and China. Philip Marey, senior U.S. strategist, at Rabobank said by increasing friction with China, Trump will get what he wants and that is: force the Fed to cut interest rates. "There is now a strong feedback loop between trade policy and monetary policy that will force the FOMC to make more insurance cuts in the coming months, most likely in September and October," said Marey. Japanese Yen (Contracts of 12,500,000 yen) $-3.666 billion 20 Aug 2019 Prior week week Long 49,984 51,764 Short 18,830 27,022 Net 31,154 24,742 EURO (Contracts of 125,000 euros) $5.269 billion 20 Aug 2019 Prior week week Long 168,455 167,214 Short 206,432 213,863 Net -37,977 -46,649 POUND STERLING (Contracts of 62,500 pounds sterling) $7.028 billion 20 Aug 2019 Prior week week Long 33,405 33,405 Short 125,823 129,225 Net -92,418 -95,820 SWISS FRANC (Contracts of 125,000 Swiss francs) $1.421 billion 20 Aug 2019 Prior week week Long 7,925 7,760 Short 19,042 20,712 Net -11,117 -12,952 CANADIAN DOLLAR (Contracts of 100,000 Canadian dollars) $-0.979 billion 20 Aug 2019 Prior week week Long 47,368 50,065 Short 34,331 35,865 Net 13,037 14,200 AUSTRALIAN DOLLAR (Contracts of 100,000 Aussie dollars) $4.254 billion 20 Aug 2019 Prior week week Long 32,358 36,304 Short 95,139 99,216 Net -62,781 -62,912 MEXICAN PESO (Contracts of 500,000 pesos) $-2.792 billion 20 Aug 2019 Prior week week Long 147,542 152,707 Short 37,183 35,145 Net 110,359 117,562 NEW ZEALAND DOLLAR (Contracts of 100,000 New Zealand dollars) $1.171 billion 20 Aug 2019 Prior week week Long 21,073 20,500 Short 39,333 33,947 Net -18,260 -13,447 (Reporting by Gertrude Chavez-Dreyfuss; editing by Jonathan Oatis and Cynthia Osterman)

Dollar skids on heightened U.S.-China trade tension

23 Aug 2019

NEW YORK The dollar stumbled on Friday after President Donald Trump ordered U.S. companies to start looking for an alternative to China as Beijing imposed more tariffs on American goods, further exacerbating a prolonged trade war between the world's two largest economies.

FOREX-Dollar tumbles as U.S.-China trade tension intensifies

23 Aug 2019

* Fed's Powell says Fed to act as appropriate * September rate cut fully priced in * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh (Recasts, adds analyst comment, Trump's remarks on China, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, Aug 23 The U.S. dollar dropped broadly on Friday after President Donald Trump ordered U.S. companies to start looking for an alternative to China after Beijing imposed more tariffs on American goods, further escalating tension between the world's two largest economies in a prolonged trade dispute. That triggered mass selling in the dollar, which fell from a three-week high against the euro and to one-week troughs versus the yen and Swiss franc. Benchmark U.S. 10-year Treasury yields also fell sharply. The dollar, however, strengthened against the Chinese yuan in the offshore market, hitting a two-week high. "Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA," Trump wrote on Twitter. His tweet followed China's earlier move on Friday when it announced retaliatory tariffs against about $75 billion worth of U.S. goods, putting as much as an extra 10% on top of existing rates "Clearly when you look at the U.S. yields and the dollar's reaction, there are concerns that these latest comments from Trump on China will push the U.S. into recession," said Marvin Loh, senior global markets strategist, at State Street in Boston. Trump's comments overshadowed a speech from Federal Reserve Chair Jerome Powell, who did not announce a major stimulus measure to ease a worsening global economic outlook, but set the stage for further interest rate cuts. Powell said the U.S. economy was in a "favorable place" and the Fed would "act as appropriate" to keep the current economic expansion on track. "I don't really know what the market was thinking would be delivered, but if you're betting on another two or three cuts, you wouldn't be dissuaded by this speech based on the headlines," said Richard Franulovich, head of FX strategy at Westpac in New York. Trump, however, was enraged by Powell's speech, saying he wasn't sure who was the bigger enemy, the U.S. central bank chief or Chinese leader Xi Jinping. "As usual, the Fed did NOTHING! It is incredible that they can 'speak' without knowing or asking what I am doing, which will be announced shortly," Trump wrote on Twitter. "We have a very strong dollar and a very weak Fed. I will work 'brilliantly' with both, and the U.S. will do great." In midday trading, the euro rose 0.5% to $1.1134, after earlier touching a three-week low of $1.1052. An index that tracks the dollar against six major currencies was down 0.4% at 97.772. The dollar fell to a one-week low against the yen and was last at 105.46, down 0.9%. It earlier hit a one-week high of 106.73. Against the Chinese yuan, the dollar was up 0.6% at 7.13 yuan, after earlier touching a two-week peak of 7.1332. ======================================================== Currency bid prices at 12:43 PM (1643 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar EUR= $1.1134 $1.1078 +0.51% -2.92% +1.1147 +1.1052 Dollar/Yen JPY= 105.4300 106.4200 -0.93% -4.38% +106.7300 +105.3000 Euro/Yen EURJPY= 117.42 117.94 -0.44% -6.97% +118.1500 +117.2900 Dollar/Swiss CHF= 0.9763 0.9835 -0.73% -0.52% +0.9877 +0.9746 Sterling/Dollar GBP= 1.2257 1.2250 +0.06% -3.92% +1.2279 +1.2196 Dollar/Canadian CAD= 1.3319 1.3302 +0.13% -2.33% +1.3338 +1.3277 Australian/Doll AUD= 0.6749 0.6756 -0.10% -4.26% +0.6777 +0.6737 ar Euro/Swiss EURCHF= 1.0874 1.0896 -0.20% -3.38% +1.0928 +1.0860 Euro/Sterling EURGBP= 0.9083 0.9041 +0.46% +1.10% +0.9094 +0.9038 NZ NZD= 0.6391 0.6363 +0.44% -4.84% +0.6409 +0.6366 Dollar/Dollar Dollar/Norway NOK= 8.9659 8.9776 -0.13% +3.79% +9.0137 +8.9333 Euro/Norway EURNOK= 9.9845 9.9449 +0.40% +0.79% +9.9941 +9.9225 Dollar/Sweden SEK= 9.6246 9.6767 -0.03% +7.37% +9.6983 +9.6206 Euro/Sweden EURSEK= 10.7184 10.7215 -0.03% +4.43% +10.7335 +10.6910 (Reporting by Gertrude Chavez-Dreyfuss; Editing by Jonathan Oatis and Bernadette Baum)

FOREX-Dollar falls as Fed's Powell leans dovish

23 Aug 2019

* Fed's Powell says Fed to act as appropriate * Fed's Mester, Kaplan comment on easing cycle * September rate cut fully priced in * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh (Recasts, adds analyst comment, Fed's Powell's remarks, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, Aug 23 The dollar slipped from three-week highs against the euro and one-week peaks versus the yen on Friday after Federal Reserve Chair Jerome Powell set the stage for further interest rate cuts, leaning away from earlier comments by other Fed officials who said further easing was not necessary for now. Markets were divided on what they thought Powell would say at the Jackson Hole, Wyoming, symposium. Some expected he would announce a major stimulus measure to ease a deteriorating global economic outlook, while others believed he would downplay the chances of a September rate cut even though that has been fully priced in by investors. In his speech on Friday, Powell straddled the middle of both views, giving few clues as to what is to happen next at the September policy meeting. Powell said the U.S. economy is in a "favorable place" and the Fed will "act as appropriate" to keep the current economic expansion on track. "I don't really know what the market was thinking would be delivered, but if you're betting on another two or three cuts, you wouldn't be dissuaded by this speech based on the headlines," said Richard Franulovich, head of FX strategy at Westpac in New York. "It doesn't look like he has leapfrogged expectations. I guess he's cementing an easing bias, and he's prepared to do more as needed," Franulovich added. In late morning trading, the euro edged higher to $1.1086, after earlier touching a three-week low of $1.1052. An index that tracks the dollar against six major currencies was little changed at 98.206. The dollar turned lower against the yen, trading down 0.2% at 106.23 yen, after hitting a one-week high of 106.73 earlier in the session. Before Powell's speech, a chorus of Fed officials preached patience on Thursday and Friday. Cleveland Federal Reserve President Loretta Mester, who did not support last month's rate cut, told CNBC that if the economy continues to perform the way it has, the U.S. central bank "should keep things the way they are." Dallas Fed President Robert Kaplan, for his part, said he does not see July's easing as part of a rate-cutting cycle. On Thursday, Kansas City Fed President Esther George and Philadelphia Fed President Patrick Harker said the Fed currently does not need to further stimulate the economy. Those comments led some market participants to expect a less dovish tilt from Powell on Friday. Currency markets have in recent months been driven by a shift at global central banks to looser monetary policy as economic demand slows and trade disputes intensify. Money markets price in at least two U.S. rate cuts of 25 basis points this year. ======================================================== Currency bid prices at 10:52 AM (1452 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar EUR= $1.1110 $1.1078 +0.29% -3.13% +1.1114 +1.1052 Dollar/Yen JPY= 106.1100 106.4200 -0.29% -3.76% +106.7300 +106.1100 Euro/Yen EURJPY= 117.91 117.94 -0.03% -6.58% +118.1500 +117.7600 Dollar/Swiss CHF= 0.9811 0.9835 -0.24% -0.04% +0.9877 +0.9811 Sterling/Dollar GBP= 1.2262 1.2250 +0.10% -3.87% +1.2267 +1.2196 Dollar/Canadian CAD= 1.3286 1.3302 -0.12% -2.57% +1.3338 +1.3287 Australian/Doll AUD= 0.6769 0.6756 +0.19% -3.96% +0.6771 +0.6737 ar Euro/Swiss EURCHF= 1.0902 1.0896 +0.06% -3.13% +1.0928 +1.0888 Euro/Sterling EURGBP= 0.9059 0.9041 +0.20% +0.83% +0.9080 +0.9038 NZ NZD= 0.6404 0.6363 +0.64% -4.64% +0.6407 +0.6366 Dollar/Dollar Dollar/Norway NOK= 8.9318 8.9776 -0.51% +3.39% +9.0137 +8.9333 Euro/Norway EURNOK= 9.9246 9.9449 -0.20% +0.20% +9.9744 +9.9273 Dollar/Sweden SEK= 9.6288 9.6767 -0.21% +7.41% +9.6983 +9.6305 Euro/Sweden EURSEK= 10.6991 10.7215 -0.21% +4.24% +10.7280 +10.7020 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Olga Kotaga in London; editing by David Gregorio and Jonathan Oatis)

FOREX-Dollar climbs vs euro, yen on prospect of less dovish Fed

23 Aug 2019

* Fed's Mester, Kaplan comment on easing cycle * September rate cut fully priced in * After a brief rally on Thursday, euro on back foot again * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh (Recasts, updates prices, market activity, adds Fed officials comments, FX table; changes byline, new dateline; previous LONDON) By Gertrude Chavez-Dreyfuss NEW YORK, Aug 23 The dollar rose to a three-week high against the euro and a one-week peak versus the yen on Friday ahead of a speech from Federal Reserve Chair Jerome Powell, with investors expecting him to express some reluctance to embark on a long rate-cut cycle after a chorus of Fed officials voiced a similar sentiment. Powell will address the Jackson Hole symposium of central bankers at 1400 GMT on Friday, and traders are waiting to see how closely he allies himself with the hawks within the Fed. Currency markets have in recent months been driven by a shift at global central banks to looser monetary policy as economic demand slows and trade disputes intensify. Expectations that the Fed will cut rates at its next meeting in September have been fully priced into interest rate futures, but the currency market is likely to react if Powell's comments do not match the dovish expectations. Money markets price in at least two rate cuts of 25 basis points this year. "We think it is far more likely that Powell remains non-committal and disappoints those looking for shock and awe policy next month," said Mazen Issa, senior FX strategist, at TD Securities. In early morning trading, the euro was down 0.2% at $1.1061, after touching a three-week low of $1.1052, as the dollar gained and 10-year U.S. Treasury yields rose to a one-week high of 1.663% . An index that tracks the dollar against six major currencies was up 0.2% at 98.325. The dollar was also up 0.1% versus the yen at 106.52, after hitting a one-week high of 106.73. Fed officials kept preaching patience when it comes to easing. Cleveland Federal Reserve President Loretta Mester, who did not support the rate cut last month, told CNBC that if the economy continues to perform the way it has, the U.S. central bank "should keep things the way they are." Dallas Fed President Robert Kaplan said he does not see July's easing as part of a rate-cutting cycle. On Thursday, Kansas City Fed President Esther George and Philadelphia Fed President Patrick Harker said the Fed currently does not need to further stimulate the economy. China's offshore yuan stabilized at 7.0920 after dropping to an 11-day low of 7.1072 overnight as the People’s Bank of China lowered its official yuan midpoint to an 11-year low. The move was limited even though the set rate was nowhere near the lows traders expected. ======================================================== Currency bid prices at 9:16 AM (1316 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar EUR= $1.1065 $1.1078 -0.12% -3.52% +1.1085 +1.1052 Dollar/Yen JPY= 106.4500 106.4200 +0.03% -3.46% +106.7300 +106.3900 Euro/Yen EURJPY= 117.77 117.94 -0.14% -6.69% +118.1500 +117.7600 Dollar/Swiss CHF= 0.9841 0.9835 +0.06% +0.28% +0.9877 +0.9834 Sterling/Dollar GBP= 1.2236 1.2250 -0.11% -4.08% +1.2265 +1.2196 Dollar/Canadian CAD= 1.3315 1.3302 +0.10% -2.36% +1.3338 +1.3292 Australian/Doll AUD= 0.6743 0.6756 -0.19% -4.34% +0.6764 +0.6737 ar Euro/Swiss EURCHF= 1.0888 1.0896 -0.07% -3.25% +1.0928 +1.0890 Euro/Sterling EURGBP= 0.9040 0.9041 -0.01% +0.62% +0.9080 +0.9038 NZ NZD= 0.6376 0.6363 +0.20% -5.08% +0.6395 +0.6366 Dollar/Dollar Dollar/Norway NOK= 9.0049 8.9776 +0.30% +4.24% +9.0137 +8.9726 Euro/Norway EURNOK= 9.9643 9.9449 +0.20% +0.59% +9.9744 +9.9335 Dollar/Sweden SEK= 9.6928 9.6767 +0.02% +8.13% +9.6983 +9.6700 Euro/Sweden EURSEK= 10.7233 10.7215 +0.02% +4.47% +10.7280 +10.7049 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Olga Kotaga in London; Editing by David Gregorio)

Dollar declines as markets uncertain about Powell's speech in Jackson Hole

22 Aug 2019

NEW YORK The dollar slipped on Thursday, but moved within narrow ranges, as investors awaited a possible announcement or statement from the Federal Reserve at this week's Jackson Hole, Wyoming event to address the worsening global economic outlook.

FOREX-Dollar slips as Jackson Hole meeting gets underway; focus on Powell's speech

22 Aug 2019

* Markets expect Fed's Powell to clarify Fed minutes * Euro PMIs better than expected * Chinese yuan hits 11-year low vs dollar, fans trade worries * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh (New throughout, updates prices, market activity, FX table and comments; new byline, changes dateline, previous LONDON) By Gertrude Chavez-Dreyfuss NEW YORK, Aug 22 The dollar weakened on Thursday as investors braced for a possible announcement or statement from the Federal Reserve at this week's Jackson Hole, Wyoming event that would help address the worsening global economic outlook. Market participants expect the Fed announcement could be a stimulus measure, or an affirmation that the U.S. central bank is on a steady path to ease interest rates, a scenario viewed as negative for the dollar. Fed Chairman Jerome Powell will speak on Friday and expectations are building that he will clarify Fed minutes released on Wednesday and deliver a dovish speech that would soothe market worries about the prospect of recession. The Fed's latest minutes confirmed a growing view that U.S. policymakers are reluctant to begin a big rate-cutting cycle in the coming months, describing the July easing as a mid-cycle adjustment. The minutes showed policymakers were divided over whether to cut interest rates but united in wanting to signal they were set on more cuts. "Jackson Hole is going to provide an opportunity for the Fed to correct that communication mistake in the minutes," said Edward Moya, senior market analyst at OANDA in New York. "With the rest of the world going negative in interest rates, the risk is for that scenario to happen in the U.S. and if we don't see the Fed become a little more aggressive through no fault of the U.S. economy, but more because of the rest of the world, they could see more pressure to deliver rate cuts," he added. In morning trading, the dollar slipped 0.1% against a basket of major currencies to 98.218. The greenback also fell against the yen as well, down 0.2% at 106.37 yen, not far from last week's eight-month low around 105.05. The euro, meanwhile, edged higher against the dollar, up 0.1% at $1.1097, amid an uptick in euro zone business growth. Euro zone business growth picked up in August, as services expanded and manufacturing contracted at a slower pace. But trade war fears knocked future expectations to their weakest in over six years, a survey showed. "Though the eurozone PMI data was slightly better than expected, it is fairly gloomy stuff and there is some degree of concern among investors about the Chinese yuan's decline," said Neil Mellor, a senior FX strategist at BNY Mellon in London. Investors also sold Asian currencies after the Chinese yuan fell to an 11-year low against the dollar, indicating trade tension between the world's two biggest economies remained a major issue. In onshore trading, the yuan fell to 7.0752 per dollar, its weakest since March 2008, before recovering to 7.0732. In offshore trade, the dollar rose 0.29% to 7.0872 yuan. ======================================================== Currency bid prices at 10:02 AM (1402 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar EUR= $1.1090 $1.1083 +0.06% -3.30% +1.1112 +1.1064 Dollar/Yen JPY= 106.3600 106.6100 -0.23% -3.54% +106.6400 +106.2600 Euro/Yen EURJPY= 117.98 118.16 -0.15% -6.53% +118.2900 +117.7400 Dollar/Swiss CHF= 0.9830 0.9823 +0.07% +0.14% +0.9844 +0.9815 Sterling/Dollar GBP= 1.2251 1.2126 +1.03% -3.97% +1.2265 +1.2109 Dollar/Canadian CAD= 1.3281 1.3289 -0.06% -2.61% +1.3315 +1.3275 Australian/Doll AUD= 0.6769 0.6780 -0.16% -3.97% +0.6787 +0.6759 ar Euro/Swiss EURCHF= 1.0902 1.0888 +0.13% -3.13% +1.0919 +1.0876 Euro/Sterling EURGBP= 0.9053 0.9138 -0.93% +0.77% +0.9157 +0.9043 NZ NZD= 0.6383 0.6402 -0.30% -4.97% +0.6407 +0.6372 Dollar/Dollar Dollar/Norway NOK= 8.9630 8.9442 +0.21% +3.75% +8.9826 +8.9372 Euro/Norway EURNOK= 9.9428 9.9123 +0.31% +0.36% +9.9550 +9.9145 Dollar/Sweden SEK= 9.6614 9.6230 +0.45% +7.78% +9.6838 +9.5967 Euro/Sweden EURSEK= 10.7177 10.6695 +0.45% +4.42% +10.7323 +10.6568 (Reporting by Gertrude Chavez-Dreyfuss: Additional reporting by Saikat Chatterjee in London; Editing by David Gregorio)

Dollar rises vs yen, Swiss franc as risk appetite grows

21 Aug 2019

NEW YORK The dollar advanced against the safe-haven yen and Swiss Franc on Wednesday, as risk appetite increased with global stocks and U.S. yields were mostly higher ahead of an annual Federal Reserve gathering later this week in Jackson Hole, Wyoming and a summit of major central banks this weekend.

FOREX-Dollar gains vs yen, Swiss franc as risk sentiment improves

21 Aug 2019

* All eyes on Jackson Hole meeting, Fed's Powell's speech * Fed minutes due out later on Wednesday * Euro little moved by Italian PM's resignation * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh (Adds new comment, FX table, updates prices, changes byline, dateline; previous LONDON) By Gertrude Chavez-Dreyfuss NEW YORK, Aug 21 The dollar rose against the safe-haven yen and Swiss Franc on Wednesday, as risk appetite further improved with global stocks and U.S. yields higher ahead of an annual Federal Reserve gathering later this week in Jackson Hole, Wyoming and a summit of major central banks this weekend. Market participants are waiting for any statement from the Fed and other global monetary authorities meeting at a Group of Seven summit this weekend on possible measures to lift slumping economies around the world. Fed Chairman Jerome Powell's highly-anticipated speech in Jackson Hole on Friday comes after last week's inversion of the U.S. yield curve - widely regarded as a recession signal. The curve inversion has boosted expectations of another interest rate cut at its September policy meeting. The interest rate futures market has priced in 100 basis points of easing over the next year. Despite market expectations of a major speech from Powell, Ranko Berich, head of market analysis, at Monex Europe in London believes the Fed chief is unlikely to make any big pronouncement in Jackson Hole. "At the moment, the Federal Reserve is hyper-conscious of the fact that the president of the United States is doing everything in his power to politicize monetary policy-making," said Berich. "What we're seeing from Powell's policies is to push from that politicizing very strongly, so a big pontification speech at Jackson Hole is the complete opposite of what he's trying to achieve at the moment," he added. Instead, Berich thinks Powell will reiterate his past comments that the U.S. economy is strong, the Fed is easing out of an abundance of caution, and he doesn't see any upside risks to inflation. In morning trading, the dollar rose 0.2% against the yen to 106.43 yen, gaining in four of the last five sessions. Against the Swiss franc, the dollar climbed 0.3% to 0.9808 franc. The dollar has also been supported by talk of more spending. U.S. President Donald Trump said on Tuesday his administration was considering potential tax cuts on wages as well as profits from asset sales. The Fed minutes of the last monetary policy meeting are also due out later on Wednesday, although that is being overshadowed by the Jackson Hole meeting later this week. The euro, meanwhile, was slightly lower at $1.1096, moving little since Italy's Prime Minister Giuseppe Conte resigned on Tuesday. Some investors believed the move made a snap general election less likely. Credit Agricole strategist Manuel Oliveri expects the euro to strengthen towards $1.12 by September even though the European Central Bank will struggle to exceed investor expectations for cutting rates. Talk of more fiscal spending in Germany and the hit to the U.S. yield advantage from falling interest rates, should support the euro, he added. ======================================================== Currency bid prices at 10:33 AM (1433 GMT) Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro/Dollar EUR= $1.1096 $1.1099 -0.03% -3.25% +1.1107 +1.1089 Dollar/Yen JPY= 106.4000 106.2200 +0.17% -3.50% +106.5900 +106.2300 Euro/Yen EURJPY= 118.09 117.90 +0.16% -6.44% +118.3200 +117.9200 Dollar/Swiss CHF= 0.9808 0.9778 +0.31% -0.06% +0.9812 +0.9776 Sterling/Dollar GBP= 1.2116 1.2168 -0.43% -5.02% +1.2175 +1.2114 Dollar/Canadian CAD= 1.3266 1.3314 -0.36% -2.70% +1.3327 +1.3255 Australian/Doll AUD= 0.6792 0.6776 +0.24% -3.65% +0.6799 +0.6774 ar Euro/Swiss EURCHF= 1.0882 1.0853 +0.27% -3.31% +1.0892 +1.0852 Euro/Sterling EURGBP= 0.9155 0.9117 +0.42% +1.90% +0.9162 +0.9117 NZ NZD= 0.6408 0.6414 -0.09% -4.60% +0.6422 +0.6397 Dollar/Dollar Dollar/Norway NOK= 8.9441 8.9814 -0.42% +3.54% +8.9988 +8.9354 Euro/Norway EURNOK= 9.9266 9.9713 -0.45% +0.21% +9.9843 +9.9205 Dollar/Sweden SEK= 9.6350 9.6864 -0.55% +7.49% +9.6941 +9.6228 Euro/Sweden EURSEK= 10.6928 10.7523 -0.55% +4.18% +10.7568 +10.6790 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Tommy Wilkes in London Editing by Nick Zieminski )

Dollar weakens as U.S. yields resume slide

20 Aug 2019

NEW YORK The dollar declined on Tuesday, in line with the drop in Treasury yields, as investors braced for a potentially dovish Federal Reserve at a Jackson Hole, Wyoming, gathering later this week, with many expecting an announcement of some measure that would ease U.S. recession concerns.

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