Dollar at 16-month high after strong U.S. retail sales data

NEW YORK (Reuters) -The dollar rose to a 16-month high on Tuesday after data showed U.S. consumers looked past rising prices and drove retail sales higher than expected last month, while the euro slumped amid growth concerns and a surge…

Dollar near 16-month high as clues on Fed policy awaited

TOKYO (Reuters) – The dollar hovered below an almost 16-month high versus major peers on Monday, as traders awaited fresh clues on the U.S. economy after bringing forward last week bets for a Federal Reserve interest rate hike on the…

Dollar hits 16-month high, stocks rebound after inflation scare

NEW YORK/LONDON (Reuters) – The dollar rose on Thursday, hitting a 16-month high a day after the strongest U.S. inflation reading in more than three decades, while equities rebounded on expectations higher consumer prices will help corporate growth.FILE PHOTO: A…

Asian stocks slump, dollar shines as inflation fears flare

TOKYO (Reuters) – Inflation fears pressured Asian stocks and buoyed the dollar on Thursday after data overnight showed U.S. consumer prices surged at the fastest pace since 1990 last month, boosting the case for faster Federal Reserve policy tightening.FILE PHOTO:…

Asia stocks relieved by payrolls, inflation test looms

SYDNEY (Reuters) – Asian shares edged up on Monday as risk assets basked in the glow of the upbeat October payrolls report, though caution was warranted ahead of a reading on U.S. inflation that could spook the rate horses.FILE PHOTO:…

Global share rally pauses in Asia as China property weighs

HONG KONG (Reuters) – Asian shares failed to latch on to a global record-setting rally on Friday, held back by Chinese property stocks, while the dollar stood tall following a week in which central banks around the world refrained from…

Record high stocks brace for Fed stimulus cut

LONDON (Reuters) – Global stock markets traded at fresh record-high levels on Wednesday while the dollar and U.S. Treasury yields ticked down as investors braced for the world’s largest economy to start cutting pandemic-era monetary stimulus.FILE PHOTO: The German share…

Asia stocks catch Wall St cheer but China caps gains

HONG KONG (Reuters) – Asian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China’s property sector hit Hong Kong and mainland markets.FILE PHOTO: A man walks past in front…

Surging oil prices lift U.S. material, energy stocks; Yen wilts

NEW YORK (Reuters) – Oil prices surged on Monday to multi-year peaks, boosting U.S. materials and energy stocks, but fears that rising prices would exacerbate supply-chain snags caused Wall Street to give up early gains.FILE PHOTO: A trader works on…