U.S. residents traveling abroad tend to stay within familiar brands, meaning that a company such as Marriott that has locations in both Chicago and Paris would likely benefit, JMP Securities’ Robert LaFleur said. However, he said that since international travel requires a certain income level, a 25 to 35 percent rise in Read More
Author: Dollar Index
The diverging global economy means the U.S. dollar will drag Mexico’s peso and Russia’s ruble along with it to the biggest gains among major currencies this year as New Zealand’s dollar and Argentina’s peso turn into the biggest losers. That’s the conclusion of economists, strategists and investors around the world surveyed by Bloomberg. They see Read More
* Chinese premiums at $ 6/oz over global benchmark * Dollar index at 9-year high as euro tumbles (Adds trader comments, Chinese demand) By A. Ananthalakshmi SINGAPORE, Jan 5 (Reuters) – Gold reversed early losses on Monday to trade higher for a second straight session, supported by strong buying from top consumer China, which offset Read More
(Corrects brokerage name in 16th paragraph to FPG from FPJ) * Diminishing status as reserve currency seen hurting euro * Euro slide accelerates after breach of $ 1.20 threshold * Dollar index hits fresh 9-yr high, pound hits 17-month low By Shinichi Saoshiro TOKYO, Jan 5 (Reuters) – The euro fell to a nine-year low Read More
Reorient Group, an investment firm based in Hong Kong, said late last month that the US dollar would be even stronger in the new year, since the dollar and Japanese currency pair had bounced up due to stronger US jobs numbers. The company believed there was a possibility that the DXY could Read More
![CDATA[ By Tina Morrison Jan. 5 (BusinessDesk) – The New Zealand dollar fell as investors bet a strengthening US economy will prompt the Federal Reserve to push up interest rates in the world’s largest economy this year. The kiwi slipped to 76.84 US cents at 8am in Wellington, from 77.02 cents at the New York Read More
The dollar kicked off 2015 by rallying against other major currencies, underscoring heightened expectations for robust U.S. growth in the new year relative to the rest of the world. The WSJ Dollar Index, which tracks the greenback’s performance against 16 other currencies, on Friday jumped to an 11 1/2 Read More
* China stock benchmark adds more than 50 pct * Dollar index on track for best year since at least 2005 * Euro zone yields at historic lows as deflation looms * Oil remains under pressure after halving in value (Updates prices, comment) By Rodrigo Campos NEW YORK, Dec (Shanghai: 600875.SS – news) 31 (Reuters) Read More
Investing.com – Investing.com – The dollar remained close to nine-year highs against the other major currencies on Friday, despite a downbeat report on U.S. manufacturing activity as expectations for a U.S. rate hike in the near future continued to lend broad support to the greenback. The Institute of Supply Management said its manufacturing purchasing Read More
The dollar’s upturn on Friday continued a rally that started last July and saw the dollar gain 12 percent against a basket of currencies across 2014. “Demand for the dollar goes beyond just the weakness of the euro,” said Kit Juckes, global strategist at Societe Generale, in a research note on Friday. Read More