Sentences with phrase «years against a basket of currencies»

SYDNEY (Reuters)- The dollar rose to its highest in over four years against a basket of currencies on Thursday after the Federal Reserve's guidance on interest rates highlighted the diverging pathways between the United States and other rich nations.

Not exact matches

Elsewhere, the dollar held at a three - month high against a basket of currencies, after having received a boost from U.S. 10 - year Treasury yields holding near the key 3 percent level.

SINGAPORE, May 3 - The dollar traded below a four - month high against a basket of currencies on Thursday, with the focus shifting to economic data after the Federal Reserve did little to alter market expectations for further interest rate rises this year.

NEW YORK, Feb 5 - The dollar rose against a basket of currencies on Monday as the U.S. bond market selloff levelled off after the 10 - year yield hit a four - year peak on worries that the Federal Reserve might raise interest rates faster to counter signs of wage pressure.

One of the key drivers has been the dollar, which has lost 3.2 % against a basket of major currencies so far this year, a decline that was exacerbated last week when U.S. Treasury Secretary Steven Mnuchin suggested President Donald Trump's administration favored a weaker currency.

The greenback is up 4.5 percent year to date against a basket of currencies, and up 3 percent over the past month.

The dollar's 9 % decline this year against a basket of global currencies helped greatly.

The dollar index, which measures the greenback against a basket of global currencies, is up more than 7 percent over the past year.

Excerpt below: The dollar fell some 10 % against a basket of currencies last year, the first annual decline in five years.

Even though the dollar has raced to 14 - year highs against a basket of currencies in the wake of the Fed meeting, only a slim majority - 52 percent of poll participants who expressed a view - thought the euro / dollar exchange rate would break below parity in 2017.

The dollar rose to the highs of the year against a currency basket on Tuesday as investors awaited a FED meeting expected to point to another possible rate hikes this year.

Further measures are likely during the year as the authorities grapple with slowing growth, adverse balance of payments flows, and the desire to maintain a stable currency against a basket.

The data buoyed U.S. stocks and helped lift the dollar to a 5-1/2 - year high against a basket of currencies as traders brought forward bets on the timing of the first rate hike.

1) As Victor mentioned there are inflation statistics covering the last 100 or so years that value the currency against an ever - changing basket of goods.