The rising U.S. dollar is redistributing growth throughout the global economy. The greenback’s ascent to the highest in a dozen years on a trade-weighted basis is eroding the competitiveness of the U.S. and countries whose exchange rates track the dollar, including China. It’s also pushing down commodity prices, hurting producers such as Brazil, and threatening Read More
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Asian stocks headed for a second weekly advance as Hong Kong stocks traded near a seven-year high. Australia’s dollar increased and U.S. oil headed for its fourth straight week of gains. The MSCI Asia Pacific Index was set for a 2.7 percent gain on the week by 12:36 p.m. in Tokyo, climbing 0.1 percent as Read More
U.S. stock index futures pointed to a flat open on Friday, as the greenback built on Thursday’s gains ahead of the Apple (NASDAQ: AAPL) Watch launch. On Friday, the U.S. dollar index (Exchange: .DXY), which measures the greenback against a basket of other currencies, extended gains to hit a three-week high. It surged more than Read More
NEW YORK (TheStreet) — Trading foreign currency has swelled in popularity in recent years, but investors can take a more conservative approach to profiting from the rising U.S. dollar with exchange-traded funds. The PowerShares DB U.S. Dollar Index Bullish Fund (UUP) is a good place to start for those new to investing in foreign currency. UUP Read More
By John Geddie and Patrick Graham LONDON, April 10 (Reuters) – The euro sank back below $ 1.06 on Friday, capping a bullish few days for the dollar that have put it on course for a first weekly rise in a month and hinted at another push towards parity with the single currency. U.S. jobless Read More
(Adds analyst’s affiliation in 16th paragraph) * Dollar index hovers near three-week highs * Euro edges up but down 2.7 pct on the week * Aussie outperforms on the week By Ian Chua and Masayuki Kitano SYDNEY/SINGAPORE, April 10 (Reuters) – The dollar hovered near a three-week high against a basket of major currencies on Read More
* Euro slides below $ 1.07, sterling flirts with $ 1.47 * Dollar index back near 99.000, at three-week highs * Aussie outperforms on the week, China data up next By Ian Chua SYDNEY, April 10 (Reuters) – The dollar hovered at three week highs against a basket of major currencies early on Friday as Read More
The prospect of a rise in U.S. rates, even if it does not come until next year, still contrasts with Europe and Japan, where some believe quantitative easing has years to run. “On the face of it a modest positive for the yen, but we need to see whether or not this continues in the Read More
* Dollar index up half a percent more in Europe * Fed officials keep rate hike talk alive * Japan investors sold net Y3.1 trln foreign bonds last week * Sterling one-month volatility jumps as election nears (Recasts, updates prices) By John Geddie and Patrick Graham LONDON, April 9 (Reuters) – The dollar was on Read More
* Dollar index up half a percent more in Europe * Fed officials keep rate hike talk alive * Japan investors sold net Y3.1 trln foreign bonds last week * Sterling one-month volatility jumps as election nears (Recasts after start of European trade, changes dateline from previous SYDNEY/SINGAPORE) By Patrick Graham LONDON, April 9 (Reuters) Read More