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
Author: Dollar Index
The euro extended its losses against the greenback on Friday as it traded under $ 1.05. The euro zone currency dropped nearly 1.50 percent to $ 1.0462, a fresh 12-year low. It last traded at $ 1.04805 against the greenback. Dollar-buying momentum lifted the greenback against its major rivals on Read More
* Wall St off for week, European stocks rise for 6th week * Dollar index hits highest since April 2003 on rate outlook * Brent, WTI continue to slide (Revises comment, updates prices) By Rodrigo Campos NEW YORK, March 13 (Reuters) – The dollar continued to power higher on Friday, pressuring stocks and commodities, on Read More
By Rodrigo Campos NEW YORK (Reuters) – The dollar surged on Friday as weak inflation data failed to stem expectations the Federal Reserve will move to tighten monetary policy, and the greenback’s rise pressured stocks and commodities. The dollar index (.DXY) rose 0.8 percent, setting up its first close above 100 since April 2003. The Read More
* Euro down in Europe after recovering from 12-year low * Dollar index up 0.3 percent after biggest fall in a month * Sterling hits almost five-year low (Updates prices, adds quotes, flow data) By Patrick Graham and Ahmed Aboulenein LONDON, March 13 (Reuters) – The euro was back on the defensive on Friday after Read More
* Wall St off for week, European stocks rise for 6th straight week * Dollar index hits highest since April 2003 (Updates to U.S. trading, changes byline, dateline, previous LONDON) By Rodrigo Campos NEW YORK, March 13 (Reuters) – The dollar continued to power higher on Friday, pressuring stocks and commodities, on expectations of a Read More
By Rodrigo Campos NEW YORK (Reuters) – The dollar powered higher yet on Friday, pressuring stocks and commodities, on expectations of a Federal Reserve interest rate hike that could slow U.S. corporate profits. The dollar index (.DXY) was on track for a back-to-back weekly gain of more than 2 percent, setting up its strongest two-week Read More
By Rodrigo Campos NEW YORK (Reuters) – The dollar continued to power higher on Friday, pressuring stocks and commodities, on expectations of a Federal Reserve interest rate hike in contrast to easing monetary policy actions by most other major central banks. The dollar index <.DXY> was on track for a back-to-back weekly gain of more Read More
The U.S. dollar index is up 10 percent this year. Since June, the dollar index has risen 23 percent. Helping these gains is weakening in the euro, which is near 12-year lows as quantitative easing kicks off in the euro zone. The surge in open interest supports the view of several analysts Read More
Dollar bulls are charging ahead, making a number of bets in the futures market. In just a week, average daily open interest for the U.S. dollar index futures increased 78 percent year-to-date from last year, with record levels set as the dollar index climbed to near 12-year highs, ICE data showed. Open interest is the Read More