* Yellen speech reiterates dovish tone * Dollar posts second straight weekly loss * Long-term dollar uptrend remains (Adds comments, updates prices) By Sam Forgione NEW YORK, March 27 (Reuters) – The U.S. dollar edged lower against a basket of major currencies on Friday after traders were reluctant to buy the greenback ahead of U.S. Read More
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* Speech by Fed Chair Yellen next in focus * Dollar up against euro, lower against yen and franc * Long-term dollar uptrend remains (Updates prices, adds comments; changes byline, dateline, previous LONDON) By Sam Forgione NEW YORK, March 27 (Reuters) – The dollar posted minor gains against the euro on Friday while slipping slightly Read More
* Dollar index bounces off trough, but still down on week * U.S. jobless claims falls, services PMI hits six-month high * Speech by Fed Chair Yellen next in focus By Ian Chua SYDNEY, March 27 (Reuters) – A sudden turnaround in the dollar’s fortunes overnight saw the currency trading broadly higher early in Asia Read More
Why US Consumers Are Hesitant Right Now (Part 2 of 6) (Continued from Part 1) Stronger Dollar Hurts U.S. Exporters It is no coincidence that the U.S. Dollar Index is at a 12-year high, when U.S. stocks are up by ~2% year-to-date. A cheaper currency is proving a boon for European and Japanese companies, but Read More
(Recasts after start of European trade, changes dateline from previous TOKYO/SYDNEY) * Dollar on defensive as yen, franc surge * Euro back above $ 1.10, dollar index at 3-week low * Talk of safe haven flows on Saudi-Iran worries By Patrick Graham LONDON, March 26 (Reuters) – The dollar sank to a five-week low against Read More
* Forex market reaction muted to Yemen escalation, oil price surge * Dollar index slips, euro edges toward $ 1.10 * U.S. data, Fed Evans comment undermine USD By Lisa Twaronite and Ian Chua TOKYO/SYDNEY, March 26 (Reuters) – The U.S. dollar ground lower in small ranges on Thursday, edging towards a four-week low against Read More
(Bloomberg) — The dollar’s ascent has become steep enough to create an obstacle for the bull market in stocks, according to Carmine Grigoli, chief investment strategist at Mizuho Financial Group Inc.’s U.S. securities unit. The CHART OF THE DAY displays year-to-year percentage changes for the U.S. Dollar Index, an indicator that Grigoli cited yesterday in Read More
* Dollar index softer, euro back near $ 1.10 * U.S. data and Fed comment not helpful for USD * Commodity currencies underperform, hit by consolidation By Ian Chua SYDNEY, March 26 (Reuters) – The corrective bounce in the U.S. dollar faded again overnight, leaving the currency a shade lower early on Thursday in another Read More
The dollar index traded around 96.981, above the two-week low set on Tuesday of 96.387 and down around 4 percent from a near 12-year high of 100.39 hit in March, according to Reuters. “The debate regarding the dollar is consolidation or correction. There is a sense prevailing in the equity market regarding Read More
For over a year, exchange traded funds tracking the U.S. dollar have been the stars of the currency ETF group, but recent weakness in the greenback could prompt some investors to assess other currency opportunities. Since topping on March 13, the PowerShares DB U.S. Dollar Index Bullish Fund (UUP) , the U.S. Dollar Index tracking Read More