In fact, while both Tiffany and Nike warned about the strong dollar, they are two very different stories, she said. “Nike has very strong underlying demand because even with double-digit declines when you factor in currency in Europe, they’re still showing growth overall overseas. That means people want to wear their shoes,” Read More
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By Ryan Vlastelica NEW YORK (Reuters) – The U.S. dollar fell sharply on Friday and was on track for its biggest weekly decline against the euro in more than three years, helping to drive a rally in Wall Street stocks and crude oil. Riskier assets like equities were in general on track for a strong Read More
Investors and companies should continue eyeing the dollar, despite its most recent slide against major currencies, BlackRock’s Russ Koesterich said Friday. “This is a pause for the dollar. The reality is you’ve seen some positive surprises out of Europe, but we still believe this is a year where the U.S. will significantly Read More
The dollar index has risen for nine-straight months and recently hit a 12-year high vs. the euro. The greenback’s robust rise caught a lot of traders by surprise; for years the conventional wisdom was the dollar was heading down the tubes because of America’s runaway debt and the Fed’s easy money policies. Now, sentiment has Read More
(Bloomberg) — The dollar weakened, heading for its biggest weekly loss since 2013 versus major peers, while European stocks held recent gains. Oil traded near a six-year low and Treasuries were set for their best week since January. The Bloomberg Dollar Spot Index dropped 0.2 percent by 8:23 a.m. in London, with the euro heading Read More
* Wall St mostly retreats after Fed-driven gains; Nasdaq up * Dollar rallies after sharp losses, euro down more than 2 pct * Oil falls after Kuwait says OPEC not likely to cut output (Updates to close of U.S. trading) By Ryan Vlastelica NEW YORK, March 19 (Reuters) – U.S. stocks ended mostly lower on Read More
* Greenback higher vs euro after biggest fall in six years * Fed’s statement far less hawkish than market expected * USD seen as vulnerable to further correction By Lisa Twaronite and Ian Chua TOKYO/SYDNEY, March 19 (Reuters) – The dollar steadied on Thursday, rising off lows hit overnight after the Federal Reserve struck a Read More
![CDATA[ By Tina Morrison March 20 (BusinessDesk) – The New Zealand dollar slid along with other major currencies against the US dollar, as investors bought back the greenback after selling it following a more cautious outlook from the Federal Reserve. The kiwi fell to 73.80 US cents at 8am in Wellington, from 74.62 cents at Read More
By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks were mostly lower on Thursday, continuing a recent bout of volatility as the dollar resumed its upward trend while the euro fell sharply. Thursday’s activity represented a retreat from the previous session’s heavy move into riskier assets such as stocks and oil brought on by comments Read More
— Posted Thursday, 19 March 2015 | | Disqus Until the latest pullback on Wednesday, the U.S. dollar index had been on a rip-and-tear for most of this year. Earlier this week the dollar hit a new multi-year high as concerns over Europe and China have fueled foreign interest in U.S. assets. The greenbacks relentless strength is Read More