All Entries Tagged With: "euro"

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 [...]

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.

Dollar poised for annual gain versus the yen

After three years hiatus, the US dollar is poised for annual gain versus the yen as market is confident of the U.S. recovery. It is expected that the Federal Reserve may withdraw stimulus which will result in higher bond yields.

US Dollar Slips; Euro Recovers

The dollar fell against the euro and a basket of currencies in thin, pre-holiday trade on Monday as firmer equity prices prompted investors to book profits on the greenback’s recent gains.

Gains in European and U.S. share markets .FTEU3 .SPX helped lift risk appetite and weighed on the safe-haven dollar, although analysts say the inverse relationship between stocks and the greenback has weakened recently.

Dollar Rises Against Euro Amidst Low Trade

The US dollar surged and has gone up against the euro since last week because of a short covering before the end of year. Asian stocks on the other hand have dropped.