Category Archives: Currencies
Dollar weakens before Trump speech to Congress
The dollar weakened slightly on Tuesday as investors awaited President Donald Trump’s speech to Congress for fresh indications of his economic plans and as portfolios were rebalanced for month-end. Investors were wary that Trump may disappoint those who expect greater
Dollar pares losses after fed official hints at rate hike sooner rather than later
The dollar pared losses against a basket of currencies on Monday after a Federal Reserve official delivered hawkish remarks, while investors worried that a speech by President Donald Trump on Tuesday would not provide many details on his economic agenda.
Dollar nurses losses from this week’s Fed minutes
The dollar clawed back some ground on Friday after skidding to a two-week low against the yen, but was still on track for weekly losses after the Federal Reserve meeting minutes disappointed dollar bulls. The greenback inched 0.1 percent higher
Dollar edges lower on Fed minutes, French politics
By Sam Forgione | NEW YORK The dollar fell against the euro and yen on Wednesday after Federal Reserve meeting minutes disappointed expectations for a hawkish tone and anti-EU French presidential candidate Marine Le Pen’s perceived chances of winning fell.
World-Topping Rally Too Much for Egyptian Pound’s Own Good
The honeymoon period for Egypt’s pound may be nearing an end. Nearly four months after a free float opened the floodgates for overseas funds and made the currency the world’s best performer this year, the government got an unpleasant jolt.
All Is Calm in Sweden’s Currency Market
A measure of anticipated swings for Sweden’s krona may slide further after dropping to the lowest level in more than two years, analysts say, as the nation’s central bank has indicated that it’s in no hurry to move away from
Dollar falls as traders weigh next US rate hike
The dollar weakened against a basket of major currencies on Thursday, posting its steepest one-day drop in over two weeks, due to lower U.S. bond yields and uncertainty over the timing of the Federal Reserve’s next interest rate increase. The greenback
Dollar flat after hitting one-month peak on upbeat US data
The dollar was essentially flat on Wednesday as investors took profits after it reached a one-month high early in the session versus a group of currencies as U.S. data showed robust growth in retail sales and consumer prices in January.
Dollar index rises as Yellen sees another rate increase
The dollar rose to a three-week peak against a basket of major currencies on Tuesday as investors raised their outlook on a faster pace of U.S. rate increases following comments from Federal Reserve Chair Janet Yellen. Yellen’s remarks reinforced recent
Dollar edges lower as investors await Yellen testimony
The dollar edged away from three-week highs against a basket of currencies on Tuesday as investors awaited congressional testimony by Federal Reserve Chair Janet Yellen for clues to the pace of the central bank’s interest rate increases. The dollar index
Economic data due on Tuesday include consumer confidence for August and the Case-Shiller home price index for June.