(Adds detail, updates prices; changes byline; previous LONDON)
- Graphic: World FX rates https://tmsnrt.rs/2RBWI5E
Risk sensitive currencies including the Australian dollar slipped on Thursday and the safe-haven Japanese yen gained as concerns about rising inflation and less loose central bank policy dented risk sentiment.
"We're seeing a little bit of a risk-off today and I think that's being driven by concerns we're getting closer to that Fed tapering announcement," said Edward Moya, senior market analyst for the Americas at OANDA in New York.
"Earnings season has done nothing but support the argument that inflation is persisting," Moya said, adding that China's slowdown and the global energy crisis are also headwinds for risk appetite.
Stocks opened lower as IBM and Tesla fell after their quarterly results, with investors awaiting more reports to see the impact of supply chain disruption and labor shortages on companies.
The dollar index =USD fell 0.03% to 93.57. It had reached a one-year high of 94.56 last week on mounting bets that the Federal Reserve will need to raise rates sooner than previously expected to quell rising price pressures.
The Australian dollar AUD=D3 , which is a proxy for risk appetite, fell 0.33% to $0.7491 after reaching $0.7547 overnight, the highest since July 6.
The New Zealand dollar, which has been boosted since the country on Monday recorded the highest inflation reading in over a decade, fell 0.41% to $0.7171, after rising to $0.7219 overnight, the highest since June 8.
The dollar dipped 0.52% against the safe-haven Japanese yen JPY= to 113.73. It had hit a four-year high of 114.67 against the Japanese currency on Wednesday.
Sterling GBP=D3 slipped 0.09% to $1.3810 while the euro EUR=EBS was down 0.05% at $1.1644.
Bitcoin BTC=BTSP was last at $65,413, after reaching a record high of $67,017 on Wednesday. Demand for the cryptocurrency has increased after the launch of the first U.S. bitcoin futures exchange-traded fund.
======================================================== Currency bid prices at 9:39AM (1339 GMT)Description RIC Last U.S. Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Dollar index =USD 93.5720 93.6140 -0.03% 3.991% +93.7200 +93.4940 Euro/Dollar EUR=EBS $1.1644 $1.1650 -0.05% -4.69% +$1.1667 +$1.1632 Dollar/Yen JPY=D3 113.7250 114.2600 -0.52% +10.05% +114.4100 +113.6700 Euro/Yen EURJPY= 132.40 133.20 -0.60% +4.32% +133.3600 +132.3800 Dollar/Swiss CHF=EBS 0.9174 0.9189 -0.16% +3.70% +0.9206 +0.9171 Sterling/Dollar GBP=D3 $1.3810 $1.3823 -0.09% +1.08% +$1.3833 +$1.3787 Dollar/Canadian CAD=D3 1.2319 1.2316 +0.05% -3.24% +1.2345 +1.2289 Aussie/Dollar AUD=D3 $0.7491 $0.7516 -0.33% -2.62% +$0.7546 +$0.7477 Euro/Swiss EURCHF= 1.0680 1.0706 -0.24% -1.18% +1.0718 +1.0682 Euro/Sterling EURGBP= 0.8429 0.8425 +0.05% -5.68% +0.8443 +0.8423 NZ NZD=D3 $0.7171 $0.7201 -0.41% -0.13% +$0.7218 +$0.7164 Dollar/DollarDollar/Norway NOK=D3 8.3310 8.3055 +0.36% -2.93% +8.3560 +8.3200 Euro/Norway EURNOK= 9.7005 9.6795 +0.22% -7.32% +9.7325 +9.6625 Dollar/Sweden SEK= 8.5984 8.5796 +0.07% +4.90% +8.6099 +8.5744 Euro/Sweden EURSEK= 10.0125 10.0052 +0.07% -0.63% +10.0209 +9.9995 <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ World FX rates https://tmsnrt.rs/2RBWI5E^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
