By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks edged lower on Monday on the heels of strong gains in the prior week, as investors weighed fluctuations in the dollar and its impact on other markets, including crude prices. Equity markets fluctuated between modest gains and slight losses, tracking the movement of energy stocks as Read More
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* Fed’s Bullard: not clear that dollar will firm further vs euro * Weaker greenback helps copper and gold to firm up * European shares dip after strong gains By Marc Jones and Francesco Canepa LONDON, March 23 (Reuters) – The dollar resumed its fall on Monday after its steepest weekly drop in 3-1/2 years, Read More
By Lisa Twaronite TOKYO (Reuters) – Asian shares started the week on a strong note on Monday after a weaker U.S. dollar helped fuel gains on Wall Street. The greenback remained under pressure in Asian trading, with the dollar index edging down about 0.1 percent to 97.828, moving away from recent 12-year highs and back Read More
(Bloomberg) — The dollar maintained declines amid speculation the Federal Reserve won’t be in a hurry to raise interest rates. Japanese stock futures fell after a retreat in the U.S., while copper gained before Chinese factory data. The greenback was at $ 1.0949 per euro by 8:43 a.m. in Tokyo, after sliding more than 1 Read More
* Oil rallies late on dollar weakness * Biotechs snap 8-session win streak * Indexes off: Dow 0.06 pct, S&P up 0.17 pct, Nasdaq off 0.31 pct (Updates to market close) By Chuck Mikolajczak NEW YORK, March 23 (Reuters) – U.S. stocks edged lower on Monday on the heels of strong gains in the prior Read More
(Adds comments on interest rate outlook, background) LONDON, March 23 (Reuters) – The dollar index is not far from fair value but it is unclear how much more the U.S. currency will strengthen against the euro, St Louis Federal Reserve President James Bullard said on Monday. Speaking on CNBC, Bullard pointed to the run up Read More
By Herbert Lash NEW YORK (Reuters) – The dollar resumed its fall on Monday after its steepest weekly drop in 3-1/2 years, driving up oil prices and U.S. stocks after the Federal Reserve indicated last week that an expected rate hike is likely to come later rather than sooner. U.S. energy stocks were among the Read More
* Dollar down after Bullard, Mester comments * Last week’s dovish Fed statement still hitting dollar * Draghi speech, Greece in focus in Europe By Ahmed Aboulenein LONDON, March 23 (Reuters) – The euro rose on Monday, reversing early losses to build on its best weekly performance since late 2011 versus the dollar, which came Read More
(Bloomberg) — Anyone wondering why you’d pay the highest prices since 2008 to hedge against declines in the dollar found out last week when the currency slid the most in more than three years. The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major currencies, slid 2.2 percent last week. The rout came Read More
By Lisa Twaronite TOKYO (Reuters) – Asian shares started the week on a strong note on Monday after a weaker U.S. dollar helped fuel gains on Wall Street. The greenback remained under pressure in Asian trading, with the dollar index (.DXY) edging down about 0.1 percent to 97.828, moving away from recent 12-year highs and Read More