* Wall St mostly retreats after Fed-driven gains; Nasdaq up * Dollar rallies after sharp losses, euro down more than 2 pct * Oil falls after Kuwait says OPEC not likely to cut output (Updates to close of U.S. trading) By Ryan Vlastelica NEW YORK, March 19 (Reuters) – U.S. stocks ended mostly lower on Read More
Author: Dollar Index
* Greenback higher vs euro after biggest fall in six years * Fed’s statement far less hawkish than market expected * USD seen as vulnerable to further correction By Lisa Twaronite and Ian Chua TOKYO/SYDNEY, March 19 (Reuters) – The dollar steadied on Thursday, rising off lows hit overnight after the Federal Reserve struck a Read More
![CDATA[ By Tina Morrison March 20 (BusinessDesk) – The New Zealand dollar slid along with other major currencies against the US dollar, as investors bought back the greenback after selling it following a more cautious outlook from the Federal Reserve. The kiwi fell to 73.80 US cents at 8am in Wellington, from 74.62 cents at Read More
By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks were mostly lower on Thursday, continuing a recent bout of volatility as the dollar resumed its upward trend while the euro fell sharply. Thursday’s activity represented a retreat from the previous session’s heavy move into riskier assets such as stocks and oil brought on by comments Read More
— Posted Thursday, 19 March 2015 | | Disqus Until the latest pullback on Wednesday, the U.S. dollar index had been on a rip-and-tear for most of this year. Earlier this week the dollar hit a new multi-year high as concerns over Europe and China have fueled foreign interest in U.S. assets. The greenbacks relentless strength is Read More
The dollar fell sharply after the closing bell on Wednesday. The dollar index, which measures the currency against its major peers, fell by more than 2.5%. On Wednesday afternoon, the Federal Open Market Committee released its latest monetary policy statement. The Fed removed language indicating it will be “patient” in normalizing interest rates, but said Read More
The greenback nosedived on Wednesday on the back of the Federal Reserve’s policy statement, sparking calls for a correction given its recent rally, but dollar bulls aren’t shying away. “Six months forward, we expect the dollar to be trading 3 to 5 percent above current levels,” said Kathy Lien, managing director at BK Asset Management, Read More
The greenback nosedived on Wednesday on the back of the Federal Reserve’s policy statement, sparking calls for a correction given its recent rally, but dollar bulls aren’t shying away. “Six months forward, we expect the dollar to be trading 3 to 5 percent above current levels,” said Kathy Lien, managing director at Read More
“I think it’s extremely important. What it shows you is the dollar move we had this year is really impacting their (Fed) thinking. They haven’t said that before, but they’re telling you that in their forecast,” said Jens Nordvig, global head of G-10 currency strategy at Nomura. “I think a lot of people were Read More
* Dollar index suffers biggest fall in six years * Fed sounds far less hawkish than expected * USD seen vulnerable to further correction By Ian Chua SYDNEY, March 19 (Reuters) – The dollar nursed hefty losses on Thursday having suffered its biggest one-day fall in six years after the Federal Reserve struck a dovish Read More