{"id":1927392,"date":"2023-05-09T15:42:20","date_gmt":"2023-05-09T19:42:20","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dollar-higher-on-earnings-economy-worries-euro-slips\/"},"modified":"2023-05-09T15:45:10","modified_gmt":"2023-05-09T19:45:10","slug":"dollar-higher-on-earnings-economy-worries-euro-slips","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dollar-higher-on-earnings-economy-worries-euro-slips\/","title":{"rendered":"Dollar up on earnings, economy concerns; Euro falls."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdollar-higher-on-earnings-economy-worries-euro-slips%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1927392&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The Dollar Rises as Global Economy Worries Deepen<\/h2>\n<p>The U.S. dollar index rose on Tuesday as concerns about earnings and the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dollar-higher-on-earnings-economy-worries-euro-slips\/\" title=\"Dollar up on earnings, economy concerns; Euro falls.\">global economy outlook deepened<\/a>, causing the euro to fall from its 10-month high. The dollar index was up 0.2% at 101.37, having dropped over 3.3% since the beginning of March. The news of plunging deposits at First Republic Bank served as a reminder that stability risks have not entirely died down, while UBS reported a 52% slide in quarterly income. <\/p>\n<h3>Central Banks to Cut Dollar Liquidity Operations with the U.S. Federal Reserve<\/h3>\n<p>Central banks around the world are to cut the frequency of their dollar liquidity operations with the U.S. Federal Reserve from May, another sign that March\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hedge-funds-fall-5-9-in-first-half-of-the-year\/\" title=\"Hedge funds fall 5.9% in first half of the year\">financial market volatility<\/a> is essentially over. However, safe haven currencies such as Japan\u2019s yen firmed, even as the Bank of Japan\u2019s (BOJ) new governor Kazuo Ueda signalled he was not in a hurry to shift policy. This week\u2019s BOJ meeting, which concludes on Friday, is his first in charge.<\/p>\n<h3>Prospect for a Stronger Yen<\/h3>\n<p>\u201cI see a prospect for a stronger yen on the back of monetary tightening in Japan but also because we\u2019re reaching the end of the tightening cycle in the U.S.,\u201d said Jens N\u00e6rvig Pedersen, director, FX and rates strategy, at Danske Bank. The yen rose 0.3% to 133.855 per dollar and was up 0.4% to 147.67 per euro, having earlier touched an eight-year low of 148.635.<\/p>\n<h3>Euro Holding Above $1.10<\/h3>\n<p>The euro was down around 0.1% against the dollar but still holding above $1.10, having risen 1.7% so far in April and over 4% since the beginning of March. \u201cThe euro has performed well against most currencies recently because of the optimism around the outlook for the euro zone economy and the market anticipating more rate hikes from the ECB (European Central Bank),\u201d said Danske Bank\u2019s Pedersen.<\/p>\n<h3>Swiss Franc Benefits from Safe Haven Status<\/h3>\n<p>The Swiss franc was benefitting from its characterisation as a safe haven, rising 0.1% against the stronger dollar. According to Electronic Broking Services data stretching back to the early 2000s, the Swiss currency also hit its highest against the yen in two decades at 151.36.<\/p>\n<h3>Sterling Close to 10-Month High<\/h3>\n<p>Sterling was down 0.1% at $1.2473, but was close to a 10-month high of $1.2545 reached earlier this month. The Australian dollar was softer at $0.6654 as traders waited for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fed-braces-for-another-big-inflation-number-this-week\/\" title=\"Fed Braces for Another Big Inflation Number This Week\">inflation data due<\/a> on Wednesday, while the kiwi was at $0.6152.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON\u2014The dollar rose on Tuesday as worries about earnings and the outlook for the global economy deepened, which knocked the euro back from close to a 10-month high. The U.S. dollar index was last up around 0.2 percent at 101.37, having dropped over 3.3 percent since the beginning of March. News on Monday of plunging<\/p>\n","protected":false},"author":1,"featured_media":1927393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[5241,14169,11333,9168,12845,3836],"class_list":["post-1927392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-concerns","tag-dollar","tag-earnings","tag-economy","tag-euro","tag-falls"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1927392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1927392"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1927392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1927393"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1927392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1927392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1927392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}