US Dollar News
This is the category page for all US Dollar news here on ukfx.co.uk...
Dollar drops on disappointing economic data
1 May at 9 AM
News Item Link: Dollar drops on disappointing economic data
Disappointing economic data coming out of the US has seen the dollar drop to a two-month low against a basket of other major currencies. Investors now doubt that the Federal Reserve will pull back on its policy of monetary easing in the near future. Figures for April show that in some parts of the US business activity is shrinking. Economic...
Yen rises due to uncertainty in Tokyo
20 Feb at 9 AM
News Item Link: Yen rises due to uncertainty in Tokyo
The yen is up against the US dollar as analysts remain uncertain about just how aggressive the Japanese government will be in easing monetary policy. The greenback hit 93.55 yen on Wednesday, a fall of 0.1 per cent. The market is expecting the recent decline of the Japanese currency to slow as doubts remain as to whether the Bank of Japan...
Dollar drops against the yen
13 Feb at 12 PM
News Item Link: Dollar drops against the yen
Concerns over the effect Japan’s policy of monetary easing might have on exchange rates has put the yen at centre stage. The Group of Seven has expressed concerns although Japan’s finance minister Taro Aso has assured that the Bank of Japan’s policies are aimed at devaluation and not the global exchange markets. Since last November...
Yen slumps against the euro and the dollar
6 Feb at 9 AM
News Item Link: Yen slumps against the euro and the dollar
The yen has hit its lowest level in 33 months against the euro and the US dollar as investors expect a new governor of the Bank of Japan to be more receptive to aggressive monetary easing. On Tuesday, current governor Masaaki Shirakawa announced he would be ending his term three weeks earlier than expected on 19 March. A meeting next week...
Disappointing BOJ announcement sees yen strengthen
23 Jan at 9 AM
News Item Link: Disappointing BOJ announcement sees yen strengthen
This week’s announcement by the Bank of Japan that monetary easing efforts will be less aggressive than expected saw the US dollar drop against the yen. The BOJ is under pressure from the new government to act decisively to pull the country’s economy out of recession. The central bank said it will double its target for inflation and...
Yen gains as euro drops
16 Jan at 9 AM
News Item Link: Yen gains as euro drops
The yen has gained for a second day after Akira Amari, Japan’s Economics Minister, warned the currency’s weakness could push up the price of imports and damage people’s livelihoods. State Street’s head of forex, Kimihiko Tomita, said the yen had fallen quickly, adding that if it falls to quickly a reversal could be equally fast....
Dollar up as buyers return
9 Jan at 9 AM
News Item Link: Dollar up as buyers return
The dollar has edged up against the yen as buyers are attracted to the US currency as further monetary easing is expected by the Bank of Japan. Having slipped to 86.83 yen the dollar ended by pulling back 0.3 per cent to 87.38 yen. On Friday the greenback managed its highest position since July 2010 at 88.48 yen. Credit Agricole’s global...
Dollar drops as fiscal cliff avoided
2 Jan at 10 AM
News Item Link: Dollar drops as fiscal cliff avoided
The markets are looking to riskier assets as the yen and dollar drop and the US avoids the so called fiscal cliff. Tax increases have been agreed to by Congress that will hit the nation’s wealthy. The agreement will mean the US will now not fall into recession. The euro is currently at its highest level against the yen since July 2011...
Yen slides as Abe takes power in Japan
26 Dec at 9 AM
News Item Link: Yen slides as Abe takes power in Japan
The yen has hit its lowest level in 20 months as Shinzo Abe prepares to return as prime minister. The Liberal Democratic Party won a landslide victory at the polls earlier in the month and the party’s leader has promised to weaken the currency and introduce stronger fiscal measures in order to stimulate growth. Activity in most global...
Dollar drops against yen as fiscal cliff looms
28 Nov at 9 AM
News Item Link: Dollar drops against yen as fiscal cliff looms
As the US moves towards an end-of-year fiscal cliff of spending cuts and rising taxes the dollar has weakened against the yen. In Asia on Wednesday trading was down by 0.30 per cent to 81.86 having hit a session high of 82.21 and a low of 81.79. Investors are looking for safe havens as many believe lawmakers in the US will now not have...