Previous session overview
The dollar is stronger against most major rivals in morning trading Thursday as go-go markets that pushed the Dow Jones Industrial Average past 10,000 and beat the greenback overnight to fresh 14-month lows now seem to be taking a breather.
Better-than-expected U.S. consumer price index data, along with an improvement in weekly jobless claims [...]
Previous session overview
The euro rose to a fresh 14-month high against the dollar in Asia on Thursday as hawkish comments by Reserve Bank of Australia Governor Glenn Stevens and strong Asian shares fueled appetite for riskier currencies.
Governor Stevens said early in the Asian morning that the Aussie dollar is being supported by the nation’s economic [...]
Previous session overview
The dollar stayed near 14-month lows on Wednesday after U.S. retail sales topped estimates, adding to confidence stemming from better-than-expected earnings from major companies and good economic data overseas.
The dollar is lower but above its weakest levels of the day against most widely-traded currencies early Wednesday, as global risk appetites have been further [...]
Previous session overview
The euro rose to a 14-month high against the dollar in Asia Wednesday amid the broad greenback weakness due to growing expectations the Federal Reserve will keep interest rates low for at least the next year.
The yen also rose against the U.S. unit and the two currencies could rise even further later in [...]
Previous session overview
The euro hit its highest levels against the dollar since September 2008 in early New York trading Tuesday, as investors chase higher yields despite some discouraging economic reports from the euro zone.
Worse-than-expected overnight euro-zone data failed to halt the common currency’s march toward USD1.50, a level that is a target for traders.
The allure [...]
Previous session overview
The dollar rose against the yen in Asia on Tuesday as Japanese importers bought a larger volume of greenbacks than usual to settle accounts after a three-day weekend.
But the trend remains negative for the dollar, which will likely soon resume falling, dealers said. Many short-term investors believe the U.S. Federal Reserve will be [...]
Previous session overview
The dollar is likely to continue to sink next week amid growing appetite for non-U.S. assets and signs of apparent official resignation at the dollar’s decline.
Mounting faith in economic recovery has reduced the dollar’s safe-haven appeal, while global interest-rate dynamics have fostered the use of the dollar as a funding currency for riskier [...]
Previous session overview
The dollar rose against the yen and the euro in Asia Monday, building on gains posted Friday after U.S. Federal Reserve Chairman Ben Bernanke said the Fed is ready to tighten monetary policy once a recovery takes hold in the world’s largest economy.
With Japan’s financial markets closed for a local holiday, the dollar [...]
