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    TSLA   US88160R1014


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Dollar stands tall in big week for FX markets

06/14/2021 | 04:17am EDT

* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E

LONDON, June 14 (Reuters) - The dollar consolidated gains on Monday after posting its biggest weekly rise in six weeks as traders cut their bearish bets before a much-anticipated Federal Reserve meeting that might signal a change in the outlook for U.S. monetary policy.

The U.S. central bank begins a scheduled two-day policy meeting on Tuesday. Recent data pointing to a surge in inflation has raised concerns that price pressures following the post-COVID economic reopening could force policymakers into an earlier tapering of currency-depreciating stimulus.

While consensus expectations are the Fed will remain on hold until 2023, some believe the failure of the dollar to weaken in recent days despite inflation-adjusted U.S. bond yields softening further signals a broader caution among investors.

"Market participants are wary of a hawkish surprise that could at least temporarily lift the U.S. dollar," MUFG strategists said in a daily note.

Against a basket of its rivals, the greenback steadied at 90.5 in early London trading after rising as much as 0.4% last week, its biggest weekly rise since early May.

The dollar's gains were aided by some unwinding of short dollar bets. In the week ended June 8, speculators had ratcheted up net short positions to the highest in nearly three months at $18.35 billion.

Caution ahead of the Fed meeting also pushed a Deutsche Bank gauge of implied currency-market volatility to the lowest since February of last year, dropping around 10% since the start of the month.

The British pound was the biggest loser among developed currencies on news that Britain was set to delay the end of social distancing measures as the government tries to slow a rapid rise in COVID-19 infections.

Against the dollar and the euro, the pound weakened as much as 0.2% in early London trading.

In cryptocurrencies, bitcoin traded above $39,000 after getting an almost 10% lift on Sunday, when Tesla Inc CEO Elon Musk tweeted that the electric carmaker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy.

(Reporting by Saikat Chatterjee; Editing by Catherine Evans)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) -0.09% 0.5274 Delayed Quote.-5.83%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.02% 0.6185 Delayed Quote.-1.28%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.04% 0.734 Delayed Quote.-3.87%
BITCOIN - EURO -1.30% 34866.7 Real-time Quote.49.62%
BITCOIN - UNITED STATES DOLLAR -1.34% 41380.26 Real-time Quote.45.13%
BRITISH POUND / EURO (GBP/EUR) 0.05% 1.1713 Delayed Quote.4.95%
BRITISH POUND / US DOLLAR (GBP/USD) 0.06% 1.3906 Delayed Quote.2.12%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) 0.02% 0.576884 Delayed Quote.-0.02%
CANADIAN DOLLAR / EURO (CAD/EUR) 0.07% 0.676119 Delayed Quote.4.98%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.05% 0.8017 Delayed Quote.2.23%
EURO / BRITISH POUND (EUR/GBP) -0.05% 0.85337 Delayed Quote.-4.69%
EURO / US DOLLAR (EUR/USD) -0.01% 1.1867 Delayed Quote.-2.65%
INDIAN RUPEE / BRITISH POUND (INR/GBP) 0.00% 0.009677 Delayed Quote.-3.72%
INDIAN RUPEE / EURO (INR/EUR) 0.00% 0.011329 Delayed Quote.1.10%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.00% 0.013452 Delayed Quote.-1.63%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.49% 0.6974 Delayed Quote.-2.36%
TESLA, INC. 1.45% 687.2 Delayed Quote.-2.62%
US DOLLAR / BRITISH POUND (USD/GBP) -0.06% 0.719114 Delayed Quote.-2.07%
US DOLLAR / EURO (USD/EUR) 0.01% 0.842673 Delayed Quote.2.72%
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Financials (USD)
Sales 2021 50 044 M - -
Net income 2021 3 837 M - -
Net cash 2021 8 039 M - -
P/E ratio 2021 196x
Yield 2021 -
Capitalization 680 B 680 B -
EV / Sales 2021 13,4x
EV / Sales 2022 9,82x
Nbr of Employees 70 757
Free-Float 81,0%
Duration : Period :
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Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 36
Last Close Price 687,20 $
Average target price 667,66 $
Spread / Average Target -2,84%
EPS Revisions
Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
Antonio Jose Gracias Independent Director
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