Forex

By Chibuike Oguh and Alun John

NEW YORK/LONDON (Reuters) -The U.S. dollar was flat against major currencies on Friday as markets digested a slew of economic data that supported the Federal Reserve's current monetary policy path.

A gauge of U.S. producer prices was unchanged in September, the Labor Department reported, the latest economic data to indicate the Fed will likely cut rates again next month.

Consumer prices in... (continue reading...)

By Chibuike Oguh

NEW YORK (Reuters) -The U.S. dollar slipped against the yen on Thursday as investors weighed data showing labor market weakness as well as a slight uptick in consumer prices, suggesting that the Federal Reserve will likely continue cutting interest rates.

Labor Department data on Thursday showed that the consumer price index increased 0.2% in September. However, in the 12 months through September the CPI climbed 2.4%, which... (continue reading...)

By Mike Dolan

LONDON (Reuters) - The dollar just had its best week in two years, showing once again how dangerous it can be to bet against the U.S. currency if the rest of the world just won't let it drop.

The DXY index, which tracks the dollar against the most widely traded global currencies, surged more than 2% last week - a stunning whiplash, not least for the many speculators who were short on the greenback and waiting for it to... (continue reading...)

By Alden Bentley and Alun John

NEW YORK/LONDON (Reuters) -The U.S. dollar edged higher on Wednesday, taking in stride the release of minutes from the Federal Reserve's September meeting that showed a substantial majority of policymakers backed its outsized 50-basis point rate cut.

Traders also digested comments from Fed officials and kept their powder dry for Thursday's release of September's consumer price index.

Investors... (continue reading...)

By Alden Bentley and Medha Singh

NEW YORK/LONDON (Reuters) - The dollar held firm on Tuesday, treading water just under last week's seven-week highs as investors assessed the outlook for further U.S. rate cuts, with concerns about the conflict in the Middle East and China's struggling economy lending support.

The U.S. data calendar is relatively light this week. Investors will seek trading signals from Wednesday's release of minutes from... (continue reading...)