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Signs that Europe is in less need of a further round of quantitative easing sparked a rally for the euro and pound, while shattering the potential for a rebound in the dollar. Changes in the Bank of Japan’s operations also appear to have failed to stem a flight into the rising yen once again leaving [...]
By Alex Lawler
LONDON | Mon Aug 23, 2010 7:06am EDT
LONDON (Reuters) – Oil rebounded to top $74 a barrel on Monday on a weaker dollar, but prices stayed close to last week’s six-week lows on bulging U.S. inventories and a lack of hurricane activity in the [...]
The US dollar lost ground today following disappointing jobless claims and Philly Fed data. Initial jobless claims report showed that 500k Americans filed applications for unemployment benefits last week vs. the previous 484k and 478k eyed. Further pressuring the dollar was the Philly Fed data posting a -7.7 contraction in demand vs the [...]
3/31/2010 04:10 pm: EUR/$..1.3508 $/JPY..93.44 GBP/$..1.5178 $/CHF..1.0538 AUD/$..0.9175 $/CAD..1.0149
Yen Extends Drop, Dollar Fell on ADP
The yen extends drop after breaking technical resistance at 93 versus the dollar, and the pair reached as high as 93.61 in Wednesday trading session. As a low-yielding funding currency in carry trades, the yen is likely to fall further in [...]
The Japanese yen fell against majors today while the dollar is little changed ahead of the release of the Jobs report tomorrow. Hopes of recovery after the upbeat manufacturing data in Europe released today and that NFP will show improvement in March damped demand on refuges. The dollar index, which tracks the dollar movements versus [...]
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as [...]
Daily U.S. Forex Summary
Fri, Mar 26 2010, 05:53 GMT
was buoyed after its recent gains against a basket of currencies as investors continue to buy back the safe haven currency amid hopeful economic news. Data from the Labor Department showed initial claims for state unemployment benefits fell 14,000 to a [...]
Wed, Mar 17 2010, 22:22 GMT
3/17/2010 04:30 am: EUR/$..1.3778 $/JPY..90.51 GBP/$..1.5215 $/CHF..1.0536 AUD/$..0.9201 $/CAD..1.0128
Asia Pacific markets were stronger today after the Fed announced yesterday that it will maintain record low rates for an “extended period of time.” The language of the FOMC press release suggests that economic conditions have continued to [...]
Stocks advance, dollar steady ahead of Fed
(Reuters) – World stocks climbed on Tuesday while the dollar was corralled as investors bet the U.S. central bank will repeat its vow of keeping interest rates low for an extended period after its monthly meeting.
The Federal Reserve is expected to leave benchmark rates near zero given [...]
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 [...]