By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell across the board on Monday, as investors fretted that the greenback’s rapid rise could prompt the Federal Reserve to be a little more cautious about raising interest rates this year. The U.S. currency has risen about 24 percent against a basket of currencies since May Read More
Author: Dollar Index
U.S. stocks closed more than 1 percent higher on Monday as investors cheered a pause in the dollar rally and eyed renewed weakness in oil prices ahead of Wednesday’s key Fed meeting. “The markets are focused on currencies. The dollar is down against the euro,” said Peter Boockvar, chief market analyst at The Lindsey Read More
U.S. stocks closed more than 1 percent higher on Monday as investors cheered a pause in the dollar rally and eyed renewed weakness in oil prices ahead of Wednesday’s key Fed meeting. “The markets are focused on currencies. The dollar is down against the euro,” said Peter Boockvar, chief market analyst at The Lindsey Read More
(Bloomberg) — European stocks rose to a seven-year high and U.S. equity-index futures signaled shares will rebound after a third weekly decline. The dollar weakened and Treasuries gained before a Federal Reserve meeting this week, while oil touched its lowest level since 2009. The Stoxx Europe 600 Index advanced 0.6 percent at 6:20 a.m. in Read More
(MENAFN – Gulf Times) The dollar index rose to a fresh 12-year high and closed at 100.330 by the end of last week, its first close above 100 since April 2003. US dollar has been strengthening after expectations of an interest rate rise in the US were bolstered by strong jobs figures last week. US Read More
Gold and bullion-related exchange traded funds have exhibited an inverse relationship against the U.S. dollar, but the moves this time around may not be as severe. Over the past year, the SPDR Gold Shares (GLD) has declined 16.1%, whereas the PowerShares DB U.S. Dollar Index Bullish Fund (UUP) jumped 24.2%. Gold has shown a history Read More
U.S. stocks traded about 1 percent higher on Monday as investors eyed weakness in the dollar and oil prices ahead of Wednesday’s key Fed meeting. “The markets are focused on currencies. The dollar is down against the euro,” said Peter Boockvar, chief market analyst at The Lindsey Group. “Markets are just awaiting what we see Read More
Just how high can the dollar rise? The U.S. dollar index, which tracks the dollar’s strength against a basket of six currencies but is primarily weighted toward the euro touched a 12-year high on Friday. Even more impressive than the level has been the pace—according to Steven Englander of CitiFX, the dollar’s Read More
Just how high can the dollar rise? The U.S. dollar index, which tracks the dollar’s strength against a basket of six currencies but is primarily weighted toward the euro touched a 12-year high on Friday. Even more impressive than the level has been the pace—according to Steven Englander of CitiFX, the dollar’s Read More
Anyway, as a result of the strong dollar, every import that American companies use for their products—be it autos, computers, or mobile phones—is vastly cheaper. When products are finished in the USA, figuring in lower domestic-wage demands and interest rates, cheaper U.S. products will lead to stronger exports because of a sound dollar. Read More