US housing starts data hurts dollar
Story link: US housing starts data hurts dollar
The US dollar was weaker again Tuesday, hurt by a new report from the Commerce Department showing that housing starts in the US were down in May, causing speculation that the Federal Reserve will not raise interest rates until the end of the year, if at all.
However, the euro was hurt as well, by a […]
Dollar declines on doubts about Fed program
Story link: Dollar declines on doubts about Fed program
The US dollar hit another record low versus the euro on a general feeling that the injection of up to $200 billion into the system will not be effective in helping the economy to avoid recession by increasing the amount of money available for loans.
A European Union report showing that industrial production in the Eurozone […]
Emerging currencies gain on greenback
Story link: Emerging currencies gain on greenback
Emerging markets currencies made gains on the US dollar Wednesday on fears of more trouble in global equities markets.
The Korean won added 0.1 percent to Won941.80, while the South African rand added 1 percent to R7.2200 to the dollar and the Turkish lira jumped 1.5 percent to TL1.3200.
Major currencies also rose versus the greenback, with […]
US Dollar falls versus European currencies
Story link: US Dollar falls versus European currencies
A new Ifo survey of business confidence in German sent the euro higher versus both the US dollar and the yen. The Ifo index was at 108.7 in December, up from 106.8 in November and despite a prediction that the December figures would be same as the previous month’s. Analysts said that they […]
US Dollar falls versus European currencies
Story link: US Dollar falls versus European currencies
A new Ifo survey of business confidence in German sent the euro higher versus both the US dollar and the yen. The Ifo index was at 108.7 in December, up from 106.8 in November and despite a prediction that the December figures would be same as the previous month’s. Analysts said that they […]
Most currencies unmoved by North Korea test
Story link: Most currencies unmoved by North Korea test
North Korea’s claims that it has carried out a long-threatened nuclear test affected few currencies markets on Monday. The biggest fall came in South Korea’s currency, and while some other Asian currencies were also affected, the damage was much less. This was due primarily to the fact that North Korea is too remote […]
US dollar stronger on trade deficit figures
Story link: US dollar stronger on trade deficit figures
The US dollar strengthened on Wednesday, helped by the news that May’s trade deficit was not as large as had been expected. While May’s deficit was half a million dollars more than April’s figure, at $63.8 billion it was lower than the $64.9 billion that had been predicted by analysts. The lower number […]
Asian currencies weaken slightly
Story link: Asian currencies weaken slightly
The US dollar strengthened on Wednesday after new figures were released, saying that 368,000 new jobs were created in June. It had been estimated that the month would see 155,000 new jobs created in the month. Analysts said that if the ADP National Employment Report numbers are accurate, the wage inflation that could […]
Asian currencies weaken slightly
Story link: Asian currencies weaken slightly
The US dollar strengthened on Wednesday after new figures were released, saying that 368,000 new jobs were created in June. It had been estimated that the month would see 155,000 new jobs created in the month. Analysts said that if the ADP National Employment Report numbers are accurate, the wage inflation that could […]
Swiss franc weakens
Story link: Swiss franc weakens
With currency trade light on Tuesday as the United States took the day off for the Independence Day holiday, several Asian currencies took the opportunity to make gains against the greenback. The South Korean won added 0.2 percent versus the dollar to Won 943, while the Thai baht gained 0.4 percent to Bt37.855 and […]
Yen declines despite strong Tankan data
Story link: Yen declines despite strong Tankan data
The US dollar held steady against the euro and saw slight gains in relation to the yen and sterling on Monday after the US Institute of Supply Management’s purchasing managers’ index was shown to be off unexpectedly in June. Some analysts said that with low trade volume ahead of the Independence Day holiday in […]
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 […]
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 […]
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 […]
US dollar, euro stronger
Story link: US dollar, euro stronger
The US dollar strengthened on Wednesday, riding a roller coaster as new data was released. There were declines on the news that US durable goods orders had grown as much as had been hoped, but higher than expected new home sales sent the dollar back up.
By mid-session in New York, the greenback had gained […]
Yen, US dollar see gains
Story link: Yen, US dollar see gains
After Standard & Poor’s upgraded its outlook on Japan’s economy, citing an improved fiscal position and positive signs for private sector restructuring, the yen strengthened on Tuesday. Also helping the yen were remarks on interest rates from the governor of the Bank of Japan. It was said that these comments were likely meant […]
US dollar, yen weaken
Story link: US dollar, yen weaken
In currency markets on Monday, the Swiss franc once again lived up to its reputation as a safe investment in times of financial uncertainty as investors tried to lessen their exposure to risk. Meanwhile, the US dollar weakened again as analysts were divided on whether the greenback would continue to weaken or if it […]
US dollar weaker after Bernanke comments
Story link: US dollar weaker after Bernanke comments
The US dollar weakened again on Thursday after investors were disappointed by the remarks of Ben Bernanke, chairman of the Federal Reserve, in a speech at the Federal Reserve in Chicago. They had been hoping that he might give some hint about what the Fed will do about interest rates in June. One […]
Euro weakens against US dollar
Story link: Euro weakens against US dollar
The US dollar was a bit stronger on Wednesday after France’s Finance Minister made comments indicating that he did not think it wise for the euro to strengthen any further than it already has. Analysts were of the opinion that the remarks might be the opening salvo in an attempt to reduce the strength […]
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