Sterling weaker after Bank of England governor’s remarks

Story link: Sterling weaker after Bank of England governor’s remarks

The US dollar did not move much ahead of the Federal Reserve’s decision on interest rates on Thursday. Most analysts expected US interest rates to go up by 25 basis points to 5.25 percent. In addition, most expected the comments that will come along with the Fed’s announcement to imply more rate hikes […]

Story link:

Some emerging currencies, which have been struggling recently, saw gains on Wednesday, while others continued to decline. Meanwhile, major currencies moved little in relation to one another as traders waited to see what the US Federal Reserve would do about interest rates later in the week.
The US dollar strengthened some as analysts expected the […]

US dollar weaker on dismissal of outsized rate hike rumors

Story link: US dollar weaker on dismissal of outsized rate hike rumors

The euro strengthened on Monday amid comments from European Central Bank officials that seem to indicate that interest rates could be hiked again sooner than expected and by more than most analysts have forecast. Also helping the shared currency higher was a rumor that Abu Dahbi could convert up to 10 percent of its […]

Yen hits all-time low versus euro

Story link: Yen hits all-time low versus euro

Analysts were at a loss on Thursday to figure out exactly why the US dollar rallied. While some said that the greenback was benefiting from the unwinding of carry trades by US-based hedge funds and others cited greater interest rate differentials, others discounted these explanations. Still others simply termed the rally an “aberration”.
The […]

Venezuela to knock three zeros off value of currency

Story link: Venezuela to knock three zeros off value of currency

The president of Venezuela has ordered that nation’s legislature and central bank to introduce new currency, to be named the “nuevo bolivar”, which would take three zeroes off the exchange value. Legislators say that this “monetary reform” is aimed at reducing inflation and making accounting easier. The bolivar currently trades at a fixed […]

Hungary’s credit rating cut, forint drops 1.2 percent

Story link: Hungary’s credit rating cut, forint drops 1.2 percent

The US dollar weakened for the second day in a row on Thursday as the US Treasury said that net inflows in April were a mere $46.7 billion in April, well below March inflows of $70.4 billion and the April forecast of $60 billion and not nearly enough to cover the $63.4 billion April trade […]

Hungary’s credit rating cut, forint drops 1.2 percent

Story link: Hungary’s credit rating cut, forint drops 1.2 percent

The US dollar weakened for the second day in a row on Thursday as the US Treasury said that net inflows in April were a mere $46.7 billion in April, well below March inflows of $70.4 billion and the April forecast of $60 billion and not nearly enough to cover the $63.4 billion April trade […]

US dollar rally continues

Story link: US dollar rally continues

In currency markets on Tuesday, the Japanese yen was down against major currencies as analysts said that recent declines in equities markets there could cause the Bank of Japan to put off its plans to begin raising interest rates. Also helping the yen down were worries concerning the upcoming Tankan survey of business sentiment […]

Greenback continues rally

Story link: Greenback continues rally

The US dollar strengthened again on Monday, making its sixth straight rise in a row as more and more analysts came around to the position that the Federal Reserve will likely raise interest rates again when it meets later in the month. If the rate hike does come, it will be the 17th time […]

US dollar stronger versus most currencies

Story link: US dollar stronger versus most currencies

The US dollar strengthened against some currencies over the week, helped by interest rate differentials, the perception of Treasury bonds as a safe place for investors to put their money, and a US trade deficit that didn’t widen as much as analysts had feared it would.
The greenback was up 2.2 percent to $1.2636 during the […]

Inflation talk strengthens US dollar

Story link: Inflation talk strengthens US dollar

The US dollar strengthened for a third straight session on Wednesday as officials of the Federal Reserve continued to make comments indicating that interest rates will likely be raised again when the Fed meets later in the month. Several regional Fed presidents as well as Fed chairman Ben Bernanke have said in recent days […]

Employment data weakens US dollar

Story link: Employment data weakens US dollar

Substantially lower than expected employment data in the United States on Friday resulted in a weakened dollar as it became less likely that the Federal Reserve will raise interest rates again in June. While unemployment declined to 4.6 percent in May, only 75,000 jobs were created during the month.
The greenback dropped 0.8 percent to […]

Story link:

The US dollar was a bit stronger on Thursday, but it had been stronger still before some data hinted that concerns about inflation were at least partly misplaced. The Institute of Supply Management’s May survey had US factory activity at 54.4, lower than the 55.5 reading that had been expected. In addition, unit […]