All Entries Tagged With: "dollar"
American Optimism Pushes Dollar Up
The dollar climbed against the euro on Monday recuperating prior losses as traders’ slash bets the currency will decline based on speculations that Federal Reserve could further ease U.S. monetary policy.
A pending homes sales index report and reading for U.S. factory orders due today will furnish more economic insights for investors. A considerable number of [...]
Euro hits one-year low against the dollar
Amid growing fears over the sovereign debt issues of few European countries euro continued it’s downward spiral hiting a fresh one-year low against the dollar in Asia Wednesday.
Downward spiral accelarated after Standard and Poor’s downgraded Greece’s government debt to junk status and sliced Portugal’s ratings by two levels.
The downgrades fueled worries that a sovereign debt problem could [...]
Yuan Down Late On Dollar Strength
As key Chinese economist cautioned that appreciation of local currency will drive exporters out of business, China’s yuan slid lower against the U.S. dollar late Friday afternoon due to the U.S. unit’s strength against other major currencies during Asian trading hours.
Comments by Chinese bankers today underscores the domestic political pressures on Beijing amid growing international calls for China [...]
Dollar lower against Yen on concerns of recovery
The dollar shed value to a month-low against the yen at the close of last week on concerns of global economic recovery.
Dollar gains strength as market seeks safety net
Data released Friday showed the U.S. consumer–considered key to an economic turnaround–remained stressed. The University of Michigan/Reuters consumer sentiment index’s preliminary reading for January edged up to only 72.8 from the final December reading of 72.5. Economists had expected sentiment to improve to 74.0.
Dollar falls againts Yen
The dollar fell sharply against the yen Tuesday as investor demand for safe-haven assets and declining U.S. Treasury yields supported the Japanese currency.
Gold rises as dollar stumbles in global market
Gold futures remain sharply higher after hitting their highest level in a month Monday due to the U.S. dollar’s lowest level against the euro in three weeks, as signs of improved Chinese oil demand and comments from a Federal Reserve official that U.S. interest rates would stay low pressured the dollar.
Around 10:54 a.m. EST (1554 [...]
Dollars takes a beating
The U.S. dollar weakened on Monday while currencies of India, China, Brazil, and Euro gained strength as analysts across the globe predicted that the emerging economies will recover sooner than the US economy from the worst recession in last sixty years.
US to raise rate, drain reserves
Federal Reserve Chairman Ben Bernanke said Sunday the U.S. central bank has a robust strategy to exit from the extraordinary stimulus it made to counter the worst recession in decades.
Lower US dollar and strong Swiss franc
The US dollar is lower but Swiss franc is strong in light post-Christmas trade Tuesday. Dollar is weak because there is not much happening – lack of fresh positive U.S. economic data, a factor that has been a major driver of recent dollar strength. Traders are trimming some of their recent bets ahead of year-end.
On the other hand the Swiss franc is strong today against its