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Relationship over? Dollar, stocks break up (AP) »
is over.
Last summer and fall, stocks generally rose on days when the dollar fell, and vice versa.
to boost the economy. The weak dollar was a boon for the stock market as investors were eager to get money out of low-yielding U.S. dollars and put them to work just about anywhere else, such as [...]
Dollar rises as inflation remains subdued »
Mon, Mar 1 2010, 18:43 GMT
The world’s leading currency managed to gain ground against its major counterparts as data reported from the U.S economy showed that inflation remains subdued and below the Fed target rate of 2.0%, moreover the U.S economy showed that consumer spending managed to rise above expectations in the [...]
Volcker sees no threat to dollar as reserve currency »
Paul Volcker, the former Federal Reserve chairman who is advising the Obama administration, said the U.S. dollar’s role as the world’s reserve currency is likely not in jeopardy, but warned central bankers to keep a close eye on inflation.
Volcker made the comments about the dollar while speaking CLSA’s AsiaUSA Forum in San Francisco, according [...]
Dollar extends gains vs. majors »
Dollar extends gains vs. majors
Mon, Mar 1 2010, 11:46 GMT
Investors are patiently waiting for the jobs report that is to be released from the U.S. economy this week, sinceit will help us determine the current job conditions in the economy. Currently, we see that the dollar is surging in the markets [...]
The action by the Fed. Not a tightening but it is better than nothing. So dollar rises. »
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Fed action boosts dollar, hurts commodities, stocks »
Fed action boosts dollar, hurts commodities, stocks
The U.S. dollar rose, commodity prices dropped and stocks fell on Friday after the Federal Reserve unexpectedly lifted an emergency lending rate for the first time since the financial crisis.
U.S. stock futures fell 1.1 percent after the Fed raised its discount borrowing rate by a quarter percentage [...]
Dollar Surges on Soft Jobs »
Thu, Feb 4 2010, 22:32 GMT
2/4/2010 2:20 PM: EUR/$..1.3757 $/JPY..89.08 GBP/$..1.5766 $/CHF..1.0649 AUD/$..0.8670 $/CAD..1.0714
The dollar advanced sharply in the Thursday session, climbing to its highest level since May 2009 against the euro at 1.3728 and surging against the Canadian dollar to 1.0752. The US equity indexes retreated sharply, with the Dow [...]
The dollar rebounds on upbeat services report »
Wed, Feb 3 2010, 16:39 GMT
by ecPulse.com analysis team
The U.S. dollar recouped its earlier losses after the release of ISM non-manufacturing report which showed that the services expanded in January to 50.5 from 49.8 in December. The dollar index, a gauge of the dollar movements against a basket of major currencies, [...]
The Canadian dollar trimmed gains after stocks and crude oil prices fell »
Daily U.S. Forex Summary
Thu, Feb 4 2010, 06:31 GMT
strengthened against a batch of major currencies today, boosted by an increase in US ISM Non Manufacturing data, positive ADP Employment figures, and an increase in MBA Mortgage Applications. The upside news pushed the US dollar to significant gains against [...]
What’s next for the Dollar? »
What’s next for the Dollar?
Tue, Feb 2 2010, 14:49 GMT
The Federal Reserve’s Open Market Committee (FOMC) is sticking to its course for phasing out the additional purchases of Mortgage Backed Securities (MBS). Notably however, in its statement released January 27th, reference to an improving housing market was omitted after recent bad [...]