European Central Bank President Mario Draghi steals the spotlight on the year’s first trading day. NEW YORK (MarketWatch) — The U.S. dollar soared Friday, building on big gains scored in 2014, on Read More
Author: Dollar Index
* Euro hurt by ECB head’s comments on price stability * Dollar index hits highest since March 2006 * Dollar hits parity with Swiss franc * Sterling drops after UK manufacturing data miss (Updates prices, adds comments, changes byline, dateline, previous LONDON) By Sam Forgione NEW YORK, Jan 2 (Reuters) – The U.S. dollar hit Read More
Seasonal trends make for nice anecdotes and they can be rewarding when properly applied in concert with other, more stringent technical indicators. With that in mind, it is worth noting that two of 2014’s best currency exchange traded funds – the PowerShares DB U.S. Dollar Index Bullish Fund (UUP) and the WisdomTree Bloomberg U.S. Dollar 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
* Greenback higher across the board vs major peers in 2014 * Dollar index up 12 pct in 2014, its best year since 2005 * Dollar hits new 29-month highs against euro, franc (Repeats to widen distribution. Updates prices, adds comments; changes byline, dateline, previous LONDON) By Sam Forgione NEW YORK, Dec 31 (Reuters) – Read More
* Euro hits fresh 2-year low, nears July 2012 trough * Dollar index hits highest since March 2006 * Focus on economic and policy divergence benefits dollar * Draghi quoted as saying risk of ECB failing its mandate higher than 6 months ago By Masayuki Kitano SINGAPORE, Jan 2 (Reuters) – The dollar hit its Read More
* Dollar index sees biggest yearly gain since 2005 * Oil falls 3 percent before paring losses (Updates prices, adds comment) By Marcy Nicholson and Clara Denina NEW YORK/LONDON, Dec 31 (Reuters) – Gold fell 1.5 percent on pressure from weak oil prices and gains in the U.S. dollar on Wednesday, and was poised to Read More