The dollar headed for its longest stretch of weekly losses in almost three years on Friday, as traders ramped up expectations of an imminent end to the U.S. Federal Reserve's rate-hike cycle following signs inflation may be cooling.
The dollar index , which measures the performance of the U.S. currency against six others, slid to a roughly one-year low of 100.78.
"The CPI rise was close to expectations, so it's a significant market reaction for what was a fairly consensus outcome and I think that is a measure of how negative sentiment is on the dollar at the moment," RBC Capital Markets chief currency strategist Adam Cole said.RBC Capital Markets have a year-end target of $1.03 for the euro/dollar pair, which on Friday, was trading around $1.1058, up 0.1% on the day and at one-year highs.
Weekly data from the Commodity Futures Trading Commission shows money managers held a $19.631 billion long position in the euro, while holding short positions against the yen, sterling, the Canadian, Australian and New Zealand dollars, and the Swiss franc. Similarly, the pound hit a 10-month high of $1.2545 earlier in the day, and was flat at $1.2512. Against the euro , it was down 0.2% at 88.39 pence.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Forex Today: No love for US Dollar ahead of key data releasesHere is what you need to know on Friday, April 14: The persistent US Dollar weakness continues early Friday with the US Dollar Index (DXY) staying at
Consulte Mais informação »
Fox shareholder sues Rupert Murdoch, other directors over 2020 election coverageA Fox Corp shareholder sued Chairman Rupert Murdoch and four other board members on Tuesday, saying they failed to stop Fox News from reporting falsehoods about the 2020 U.S. presidential election that damaged its credibility and prompted lawsuits. Shareholder Robert Schwarz alleged in the lawsuit filed in Delaware Chancery Court that the directors breached their duties to ensure that Fox followed its own ethical standards and avoided reputational risk, and instead sought to keep supporters of former U.S. President Donald Trump tuned in. 'FOX knew – from the Board on down – that Fox News was reporting false and dangerous misinformation about the 2020 Presidential election, but FOX was more concerned about short-term ratings and market share than the long-term damages of its failure to tell the truth,' he said in the lawsuit, which did not say how many shares he owned.
Consulte Mais informação »
Inflation cools as grocery prices drop for 1st time since 2020The U.S. inflation rate over the last year dropped to 5% in March, according to consumer price index data released Wednesday by the Bureau of Labor Statistics.
Consulte Mais informação »
'Tennessee Three' Democrat Justin Jones pictured standing on police car during 2020 BLM protestTennessee state Rep. Justin Jones took part in a 2020 Black Lives Matter protest, where he walked on top of a police car and was subsequently charged with a crime before her was let off.
Consulte Mais informação »
Crypto Startups See Lowest Funding Since Late 2020The first quarter of 2023 has witnessed a significant slowdown in venture funding for crypto and blockchain startups, with the sector raising a mere $900 million, marking an 87% decline from the same period in 2022
Consulte Mais informação »
Amazon worker injuries dip last year, but higher than 2020Amazon’s total injury rate for warehouse workers took a dip last year, but injuries were still worse than they were in 2020, according to an analysis released Wednesday by a coalition of labor unions. FOX13
Consulte Mais informação »