(Rewrites with reaction to Fed statement, new throughout) * Fed holds rates unchanged, repeats it is patient on policy * Dollar holds position, up modestly against euro, Swiss franc * U.S. dollar index gains but still off 11-year highs * Greek politics a drag for the euro * New Zealand dollar drops to near four-year Read More
Author: Dollar Index
Flexing its muscle. NEW YORK (MarketWatch) — The U.S. dollar’s strong rise is getting a lot of the blame for the stock market’s recent weakness, but there’s more to it than a Read More
(Updates prices, adds comment, changes byline, dateline, previous LONDON) * Dollar index off 11-year high ahead of Fed statement * Impact on U.S. stocks and corporate profits in focus By Daniel Bases NEW YORK, Jan 28 (Reuters) – The U.S. dollar made a tepid advance against the euro and the Swiss franc on Wednesday but Read More
(Adds details, fresh quotes) * Dollar index off 11-year high ahead of Fed statement * Surprise monetary easing in Singapore helps U.S. dollar * Surge in Greek bond yields weighs on euro By Anirban Nag LONDON, Jan 28 (Reuters) – The dollar climbed against a basket of currencies on Wednesday, recouping some of the previous Read More
* US durable goods orders unexpectedly fall * Dollar index off 11-year high ahead of Fed statement * Surprise monetary easing in Singapore helps U.S. dollar By Anirban Nag LONDON, Jan 28 (Reuters) – The dollar rose against a basket of currencies on Wednesday, recouping some of the previous day’s sharp losses, on expectations the Read More
DailyFX.com – Talking Points: Dollar Suffers First Two-Day Drop In 7 Weeks Before Fed Euro Traders Should Be Cautious as Currency Extends Rebound After Greek Election British Pound Climbs after UK GDP Posts Strongest Growth Pace Since 2007 Dollar Suffers First Two-Day Drop In 7 Weeks Before Fed The Dow Jones FXCM Dollar Index (ticker Read More
The U.S. dollar has been on a tear, soaring to multiyear highs against a basket of other major currencies. In 2014, the U.S. Dollar Index (DXY) rose 12.8%, and in early 2015 the dollars formidable strength continues to be a major theme. “We see increasing strength in the dollar as a long-term trend,” says Brian Read More
* US durable goods orders unexpectedly fall * Dollar index off 11-year high ahead of Fed * Aussie could slip if inflation softer than forecast By Hideyuki Sano TOKYO, Jan 28 (Reuters) – The dollar stepped back from a 11-year peak against a basket of currencies after soft spending data and some disappointing earnings cast Read More
Investing.com – Investing.com – The dollar extended losses against the other major currencies on Tuesday, after the release of mixed U.S. economic reports, as investors turned their attention to the Federal Reserve’s upcoming policy statement on Wednesday. The Conference Board said its index of U.S. consumer confidence improved to an eight-year high of 102.9 Read More
A two-pronged case for holding gold (Part 3 of 4) (Continued from Part 2) While the US dollar is strengthening, I still believe that investors should consider maintaining their allocation. Market Realist – Gold and the dollar move in opposite directions The above graph compares the dollar index (UUP) with gold (GLD)(IAU) prices for the Read More