Thursday, 28th March 2024

US Dollar News Page 2.html

This is the category page for all US Dollar news here on ukfx.co.uk...

Uncertainty over Greek debt sees euro drop against the dollar

14 Nov at 9 AM

News Item Link: Uncertainty over Greek debt sees euro drop against the dollar

Weak business confidence data coming out of Germany and uncertainty over the economic situation in Greece saw the euro drop to its lowest level in two months. The euro is currently trading at $1.2702 after a fall to $1.2661. The euro was prevented from dropping further by hints that international lenders may be about to send further aid to...

Euro rises against the yen

31 Oct at 9 AM

News Item Link: Euro rises against the yen

The euro has strengthened following a successful sale of Italian five- and 10 year bonds that saw the country’s borrowing costs significantly reduced and data from Spain that shows that in the third-quarter the country’s economy contracted at a slower rate than expected. Having risen against the dollar after an announcement by the Bank...

Euro down against the dollar

24 Oct at 9 AM

News Item Link: Euro down against the dollar

Concerns over the health of the global economy and a decision by Moody’s to downgrade the credit rating in five regions across Spain has seen the euro and the yen drop against the US dollar. The current fears about global growth have been fuelled by reports of poor earnings from companies in the US. Spain’s borrowing costs rose after...

Euro up as Spain holds on to investment rating

17 Oct at 9 AM

News Item Link: Euro up as Spain holds on to investment rating

An announcement by credit ratings agency Moody’s that it does not intend to reduce Spain’s rating from investment grade helped the euro hit a four-week high against the dollar. Many analysts feared that the recession hit country might be downgraded to junk. Over the past few weeks the euro has found support from expectations that Spain...

EUR/USD climbs above 1.2600

24 May at 6 PM

News Item Link: EUR/USD climbs above 1.2600

After spiralling its lowest point since July 2010, the EUR/USD has been recovering with the pair moving forward to trade at above 1.2600 resistance and hit an intra-day high of 1.2620. The pair is currently trading at 1.2595 and managing to keep levels above 1.2600. Discussions about coordinated action by new Central Banks on liquidity...

Pakistan forex reserves increase to $16.43bn

4 May at 9 AM

News Item Link: Pakistan forex reserves increase to $16.43bn

Pakistan’s foreign exchange reserves increased to $16.43bn during the week ending 27 April, from $16.42bn a week earlier, revealed the central bank on Thursday. Reserves which the State Bank of Pakistan (SBP) holds rose from $11.92bn to $12.07bn, while those which commercial banks hold dropped from $4.50bn to $4.36bn, reports...

Burma to float kyat next month

29 Mar at 9 AM

News Item Link: Burma to float kyat next month

Burma has revealed that it will start floating its currency as of 1 April in order to attract investors from abroad, reports the BBC The Central Bank of Myanmar (Burma) said that the local currency, the kyat, will be determined by supply and demand from now on. The target is to unify Burma’s various exchange rates. The country has been...

Dollar up as Fed easing looks unlikely

15 Mar at 9 AM

News Item Link: Dollar up as Fed easing looks unlikely

As prospects for a new wave of Federal Reserve easing have faded after positive jobs data from the US, the dollar hit a seven-week high against many other currencies on Wednesday and was broadly firmer in Asia. As the majority of American banks passed the Fed’s annual stress test yesterday, risk-takers were also provided with some comfort....

US dollar falls on Greek bailout optimism

8 Feb at 2 PM

News Item Link: US dollar falls on Greek bailout optimism

The US dollar lost ground on the majority of its major counterparts on Tuesday as investors acted on reports of a possible second bailout package for Greece, reports Forex. During the late US trade session, the dollar lost ground on the euro, with the euro gaining 0.87 on the dollar to hit 1.3244. The rally in the single currency was...

Yen in focus as FOREX Dollar under pressure and risk appetite improves

2 Feb at 6 PM

News Item Link: Yen in focus as FOREX Dollar under pressure and risk appetite improves

As reported by Reuters, the greenback battled against the yen on Thursday, having experienced a new three-month low for three straight days and heightening fears that Japan would act to weaken its currency. The dollar also lost its standing against commodity currencies and the euro as risk appetite improved after a series of Chinese...