USD stronger on lower oil prices as G8 summit begins
Story link: USD stronger on lower oil prices as G8 summit begins
The US dollar strengthened in relation to the euro Monday as the Group of Eight summit began as guesses circulated that the US will use the meeting to try to find a way to stop the rise in crude oil prices, which were lower during the session on comments from Iran’s foreign minister but still […]
USD gains on yen
Story link: USD gains on yen
Interest rate speculation sent the dollar higher versus the yen Wednesday as investors continued to bet that the Federal Reserve will increase US interest rates later this year and after the minutes of the most recent meeting of the Bank of Japan indicated that it will likely continue to hold interest rates at their current […]
Retail sales data helps dollar
Story link: Retail sales data helps dollar
The US dollar strengthened in relation to the euro and the yen on Tuesday on new retail sales data that showed sales excluding automobiles were up in April.
Without auto sales, retail sales in the US added 0.5 percent, more than had been expected.
Still, with auto sales included retail sales were down 0.2 percent in the […]
Yen, US dollar gain on week
Story link: Yen, US dollar gain on week
The US dollar saw gains over the week against most major currencies and adding 1.3 percent in relation to both the euro and sterling to $1.3650 and $2.0290 respectively.
The greenback gained even more against the Australian and New Zealand dollars as it added 2.5 percent to $0.8580 versus the Australian currency and gaining 3.4 percent […]
US dollar lower versus euro, sterling
Story link: US dollar lower versus euro, sterling
The US dollar was temporarily buoyed by a new report showing that US Midwest business activity was better than expected in May, even as GDP figures from the first quarter were weaker than had been anticipated. The greenback was as high as Â¥121.98 versus the yen on the mixed news, but by midday trade […]
US dollar mixed as Philippine peso hits seven-year high against greenback
Story link: US dollar mixed as Philippine peso hits seven-year high against greenback
Emerging market currencies continued their success in relation to the US dollar on Tuesday as the Philippine peso hit its highest level in almost seven years against the greenback. The gain was believed by most analysts to have been triggered by comments from Philippine president Gloria Arroyo, who said the strength of the currency […]
China widens ability of currency to rise and fall against the US dollar
Story link: China widens ability of currency to rise and fall against the US dollar
China’s central bank increased the band in which the renminbi can rise and fall against the US dollar in a session from 0.3 percent to 0.5 percent on Friday. The move was interpreted by most analysts as in line with Beijing’s stated policy of strengthening its currency slowly. It is seen as being […]
Yen, sterling weaken as emerging currencies gain on US dollar
Story link: Yen, sterling weaken as emerging currencies gain on US dollar
Several emerging markets currencies strengthened in relation to the US dollar on Wednesday after new data on Tuesday made it seem more likely that US interest rates could be cut soon. This made investors more willing to take on risk and helped emerging markets.
The Brazilian real added 1.1 percent to trade at $$1.9610 […]
Sterling weakens on manufacturing data
Story link: Sterling weakens on manufacturing data
The US dollar was stronger on Monday ahead of Tuesday’s mid-term elections as it appeared that the Democratic party could take the majority from the Republicans in the House of Representatives or the Senate. Some analysts believe that the political stand-off that could follow such a development might benefit the dollar because President George […]
Sterling weakens on manufacturing data
Story link: Sterling weakens on manufacturing data
The US dollar was stronger on Monday ahead of Tuesday’s mid-term elections as it appeared that the Democratic party could take the majority from the Republicans in the House of Representatives or the Senate. Some analysts believe that the political stand-off that could follow such a development might benefit the dollar because President George […]
Yen weaker against major currencies
Story link: Yen weaker against major currencies
The US dollar strengthened somewhat on Tuesday after newly released economic data revived speculation about the possibility that the Federal Reserve could raise interest rates again when it meets next week. Also helping the greenback were comments by new US Treasury secretary Hank Paulson, who repeated the “strong dollar” policy of that agency. […]
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 […]
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 […]
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 […]
Dollar mixed ahead of Fed minutes
Story link: Dollar mixed ahead of Fed minutes
The US dollar was slightly stronger in relation to the euro and the yen on Tuesday, but it weakened against sterling as investors awaited the release of minutes from the most recent meeting of the US Federal Reserve. Help for the dollar was found in new core producer price index data, which does not […]
Euro gains on German business sentiment
Story link: Euro gains on German business sentiment
The euro was stronger on Tuesday on new data that tended to reinforce the expectation that eurozone interest rates will be raised again. The probability that the European Central Bank will send rates higher in May has been estimated at anywhere from 50 percent to 90 percent, and some analysts even suspect that a […]
US dollar ends week strong; euro down
Story link: US dollar ends week strong; euro down
The US dollar rallied this week as a result of both positive economic data and technical factors. Among the good news for the dollar was the fact that capital inflows were up, calming worries about financing the external debt. In addition, figures were released that showed US manufacturing has remained strong.
Another factor in […]
Peso continues to rise in strength
Story link: Peso continues to rise in strength
The Mexican peso was up by .43 percent in relation to the US dollar on Thursday in midday trading to 10.593 to the dollar in reaction to China’s move to revalue its currency.
The reaction has to do with China’s position as the number two exporter to the United States, a position it took […]
Yen up despite Marine Day holiday
Story link: Yen up despite Marine Day holiday
The yen was up on Monday, despite closed markets for the Japanese Marine Day holiday, while the US dollar and sterling were generally down.
The yen was helped by falling oil prices as Hurricane Emily lost strength as it crossed Mexico’s Yucatan Peninsula was well as a seeming trend for investors to favor growth-oriented […]
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