Category Archives: Currencies

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

Dollar rises on political uncertainty in Europe, technical buying

The dollar climbed to a more than one-week high on Tuesday as it gained for a fifth straight session, bolstered by technical buying after recent losses as well as political uncertainty in Europe with a slew of elections this year.

Benefits of leaving the euro are a mirage: Draghi

Ditching the euro would not benefit any country in the currency bloc, and governments mostly have themselves to blame for their economic problems, European Central Bank President Mario Draghi said on Thursday. Euroskepticism has gained ground in the region as