The Dow experienced another volatile week, rising and falling on alternate days. The blue-chip index increased on Monday following a pause in the dollar rally. The Dow declined on Tuesday as investors grew jittery ahead of FOMC’s statement regarding rate hike. The blue-chip index rebounded on Wednesday after FOMC’s policy statement indicated federal funds rate Read More
Author: Dollar Index
(Bloomberg) — The dollar slumped the most since October 2011 after the Federal Reserve reduced projections for interest-rate increases and expressed concern the dollar’s surge is weighing on exports and inflation. The U.S. currency fell against all of its 16 major peers as banks including HSBC Holdings Plc said the 20 percent surge since August Read More
The dollar is getting slammed. Near 12:50 p.m. ET, the US dollar index, which measures it against other major currencies, was over 1.5% lower at around 97.94. Meanwhile, the euro is rallying against the dollar, climbing to as high as $ 1.0868. The dollar had been surging in anticipation of higher US interest rates, which make Read More
* Euro set for best week in over two years * Wall St stocks rally; S&P set for weekly gain * Oil sharply higher despite oversupply concerns * European stocks helped after Athens’ assurances (Updates to afternoon trading, recasts lead and adds Nike results) By Ryan Vlastelica NEW YORK, March 20 (Reuters) – The U.S. Read More
The dollar index had its biggest drop in 18 months. And while Wall Street is divided over the fate of the U.S. dollar, our market panel Friday offered a crystal clear perspective. Head to FOXBusiness.com/OnCall for their bold calls on everything from U.S. treasuries to the Fed and to why you should be buying Russia Read More
In fact, while both Tiffany and Nike warned about the strong dollar, they are two very different stories, she said. “Nike has very strong underlying demand because even with double-digit declines when you factor in currency in Europe, they’re still showing growth overall overseas. That means people want to wear their shoes,” Read More
By Ryan Vlastelica NEW YORK (Reuters) – The U.S. dollar fell sharply on Friday and was on track for its biggest weekly decline against the euro in more than three years, helping to drive a rally in Wall Street stocks and crude oil. Riskier assets like equities were in general on track for a strong Read More
Investors and companies should continue eyeing the dollar, despite its most recent slide against major currencies, BlackRock’s Russ Koesterich said Friday. “This is a pause for the dollar. The reality is you’ve seen some positive surprises out of Europe, but we still believe this is a year where the U.S. will significantly Read More
The dollar index has risen for nine-straight months and recently hit a 12-year high vs. the euro. The greenback’s robust rise caught a lot of traders by surprise; for years the conventional wisdom was the dollar was heading down the tubes because of America’s runaway debt and the Fed’s easy money policies. Now, sentiment has Read More
(Bloomberg) — The dollar weakened, heading for its biggest weekly loss since 2013 versus major peers, while European stocks held recent gains. Oil traded near a six-year low and Treasuries were set for their best week since January. The Bloomberg Dollar Spot Index dropped 0.2 percent by 8:23 a.m. in London, with the euro heading Read More