Dollar bulls appear to be back in the driving seat but analysts warn the good times are not expected to last that long as the firm U.S. currency faces a tougher time pushing higher amid mixed economic data and growing signs of a recovery in Europe. The greenback rose almost 1 percent against the euro Read More
Author: Dollar Index
The dollar weakened and European bonds rose before the Federal Reserve releases minutes of its March meeting, while crude oil fell ahead of U.S. inventory data. Surging Hong Kong shares pushed Asian stocks to the highest since 2008. The Bloomberg Dollar Spot Index slipped 0.4 percent by 8:17 a.m. in London, with the euro climbing Read More
* Dollar/yen dips after BOJ stands pat on monetary policy * Aussie adds gains to previous day’s RBA-induced surge (Adds reference to Japanese capital flow data, updates prices) By Shinichi Saoshiro TOKYO, April 8 (Reuters) – The dollar took a step back on Wednesday but retained a bulk of its overnight gains after currency bulls Read More
(Updates prices, adds details, comment) * Dollar bounces off post-payroll troughs, euro below $ 1.09 * Greenback glides to a more than two-week high against the yen * Aussie bumped higher by RBA decision not to cut rates By Daniel Bases NEW YORK, April 7 (Reuters) – The U.S. dollar recovered lost ground on Tuesday Read More
After the recent fall off, the U.S. dollar and currency-related exchange traded funds may now offer a more attractive entry point for traders seeking to hedge further swings in the foreign exchange market. Since its March 13 high, the PowerShares DB U.S. Dollar Index Bullish Fund (UUP) , which tracks the price movement of the Read More
* Strength in U.S. dollar seen a concern for profits * European shares ended sharply higher on potential M&A * Oil rallies sharply for second straight session (Updates to close of U.S. trading) By Ryan Vlastelica NEW YORK, April 7 (Reuters) – The U.S. dollar rose more than 1 percent on Tuesday, resuming a recent Read More
By Ryan Vlastelica NEW YORK (Reuters) – Stock markets around the world rose on Tuesday as investors moved into riskier assets for a second straight day, though a rise in the U.S. dollar could a headwind for further gains. Potential deal activity boosted equities on Wall Street and in Europe, a positive that added to Read More
By Chris Vellacott LONDON, April 7 (Reuters) – Emerging market stocks paused on Tuesday as the dollar resumed its climb, shrugging off last week’s disappointing jobs data in the United States, though gains in Asia helped equities cling to four-month highs. The MSCI emerging stocks benchmark index was flat, while the MSCI Asia Pacific excluding Read More
The rising dollar has been negative for stocks because it can put a dent in the earnings of multinationals. The dollar and falling oil prices have both been major factors behind the near 3 percent decline expected in earnings this quarter, the first drop in six years. Read MoreBad news turns good Read More
* Dollar bounces off post-payrolls troughs, euro below $ 1.10 * Aussie jumps over 1 pct after RBA keep rates flat By Hideyuki Sano and Ian Chua TOKYO/SYDNEY, April 7 (Reuters) – The dollar held firm in Asia on Tuesday, having recovered almost all of its payroll-inspired losses while the Australian dollar jumped more than Read More