News

* Dollar index hits peak last seen in 2003 * Euro sinks below $ 1.11 to new low * U.S. private jobs data seen positive for Friday payrolls report (Adds late prices, details) By Michael Connor NEW YORK, March 4 (Reuters) – The dollar climbed to a fresh 11-1/2-year high on Wednesday, boosted by strong Read More

* Dollar index hits 11-year peak * Euro sinks below $ 1.11 to new low * U.S. jobs data seen positive for Friday payrolls report (Recasts, adds quotes and prices; changes byline and dateline; previous LONDON) By Michael Connor NEW YORK, March 4 (Reuters) – The dollar climbed to fresh highs on Wednesday, getting lift Read More

* Dollar index stays within sight of 11-year peak * Recent gains in U.S. bond yields support dollar * Euro struggles ahead of ECB policy meeting on Thursday By Patrick Graham and Anirban Nag LONDON, March 4 (Reuters) – The euro crashed through support levels that have held for more than a month on Wednesday, Read More

* Dollar index stays within sight of 11-year peak * Recent gains in U.S. bond yields support dollar * Euro struggles ahead of ECB policy meeting on Thursday By Masayuki Kitano TOKYO, March 4 (Reuters) – The dollar held firm near an 11-year high versus a basket of major currencies on Wednesday, as investors awaited Read More

What to watch for before investing in gold (Part 3 of 12) (Continued from Part 2) The US dollar and gold Gold is traded mainly in US currency, so a weaker dollar makes gold less expensive for other nations to purchase. When the price of gold goes down, it logically increases demand for the precious commodity. Also, when Read More

* Dollar index slips back from 11-year high * Euro steady ahead of ECB policy meeting on Thursday By Masayuki Kitano TOKYO, March 4 (Reuters) – The dollar hovered below an 11-year high versus a basket of major currencies on Wednesday, as investors awaited U.S. economic data and a European Central Bank meeting later this Read More

The European Central Bank meets Thursday, but that is just one of roughly a dozen global central bank meetings over the next 10 days and those meetings appear to be the impetus behind increased bullish options bets on the PowerShares DB U.S. Dollar Index Bullish Fund (UUP) . “On Monday, calls, usually used to place Read More

* Euro little changed after drop against dollar * Dollar rise against yen stalls on Abe adviser’s comments * Traders position for ECB bond-buying, U.S. jobs report (Adds latest prices and quotes; changes byline and dateline; previously LONDON) By Michael Connor NEW YORK, March 3 (Reuters) – The dollar softened on Tuesday after touching an Read More

* Dollar index scales fresh 11-year peak * Yield spike on Wall Street rally, mixed data help dollar * Aussie shaky as market eyes rate cut risk (Updates details, adds quotes) By Ian Chua and Shinichi Saoshiro SYDNEY/TOKYO, March 3 (Reuters) – The dollar hit a fresh 11-year peak against a basket of major currencies Read More

It’s been a remarkable run for the dollar. In the scope of eight months, the dollar index (Exchange:.DXY) has shot up more than 19 percent against other currencies, after going nowhere for almost 10 years. Companies from IBM (IBM) to Harley-Davidson (HOG) to Google (GOOGL) to Coca-Cola (KO) to Proctor & Gamble (PG) have blamed Read More