Gold and bullion-related exchange traded funds have exhibited an inverse relationship against the U.S. dollar, but the moves this time around may not be as severe. Over the past year, the SPDR Gold Shares (GLD) has declined 16.1%, whereas the PowerShares DB U.S. Dollar Index Bullish Fund (UUP) jumped 24.2%. Gold has shown a history Read More
News
U.S. stocks traded about 1 percent higher on Monday as investors eyed weakness in the dollar and oil prices ahead of Wednesday’s key Fed meeting. “The markets are focused on currencies. The dollar is down against the euro,” said Peter Boockvar, chief market analyst at The Lindsey Group. “Markets are just awaiting what we see Read More
Just how high can the dollar rise? The U.S. dollar index, which tracks the dollar’s strength against a basket of six currencies but is primarily weighted toward the euro touched a 12-year high on Friday. Even more impressive than the level has been the pace—according to Steven Englander of CitiFX, the dollar’s Read More
Just how high can the dollar rise? The U.S. dollar index, which tracks the dollar’s strength against a basket of six currencies but is primarily weighted toward the euro touched a 12-year high on Friday. Even more impressive than the level has been the pace—according to Steven Englander of CitiFX, the dollar’s Read More
Anyway, as a result of the strong dollar, every import that American companies use for their products—be it autos, computers, or mobile phones—is vastly cheaper. When products are finished in the USA, figuring in lower domestic-wage demands and interest rates, cheaper U.S. products will lead to stronger exports because of a sound dollar. Read More
Anyway, as a result of the strong dollar, every import that American companies use for their products—be it autos, computers, or mobile phones—is vastly cheaper. When products are finished in the USA, figuring in lower domestic-wage demands and interest rates, cheaper U.S. products will lead to stronger exports because of a sound dollar. Read More
The euro extended its losses against the greenback on Friday as it traded under $ 1.05. The euro zone currency dropped nearly 1.50 percent to $ 1.0462, a fresh 12-year low. It last traded at $ 1.04805 against the greenback. Dollar-buying momentum lifted the greenback against its major rivals on Read More
* Wall St off for week, European stocks rise for 6th week * Dollar index hits highest since April 2003 on rate outlook * Brent, WTI continue to slide (Revises comment, updates prices) By Rodrigo Campos NEW YORK, March 13 (Reuters) – The dollar continued to power higher on Friday, pressuring stocks and commodities, on Read More
By Rodrigo Campos NEW YORK (Reuters) – The dollar surged on Friday as weak inflation data failed to stem expectations the Federal Reserve will move to tighten monetary policy, and the greenback’s rise pressured stocks and commodities. The dollar index (.DXY) rose 0.8 percent, setting up its first close above 100 since April 2003. The Read More
* Euro down in Europe after recovering from 12-year low * Dollar index up 0.3 percent after biggest fall in a month * Sterling hits almost five-year low (Updates prices, adds quotes, flow data) By Patrick Graham and Ahmed Aboulenein LONDON, March 13 (Reuters) – The euro was back on the defensive on Friday after Read More