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Dollar rises in midst of consolidation, trims gains after weak US data - REUTERS

FEBRUARY 22, 2025

By 


Summary

  • Yen breaks below 150 per dollar on Japan CPI before retreating
  • Euro sags after French, German PMIs
  • US data comes in weaker than expected, weighs on dollar

NEW YORK, Feb 21 (Reuters) - The U.S. dollar rose against a broad range of currencies on Friday including the euro, sterling and those tied to commodities such as the Australian dollar, as investors consolidated positions ahead of the weekend, looked to more inflation data next week and kept an eye on tariff headlines.
"The greenback is undergoing a technical rebound after suffering a sustained selloff in recent weeks, and other currencies are also seeing risk discounts come back as trade worries return," said Karl Schamotta, chief market strategist, at Corpay in Toronto.

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