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Dollar drops against the euro
31 Jul at 9 AM
News Item Link: Dollar drops against the euro
The US dollar has fallen against the euro ending close to a six-week low. Investors are expecting economic growth for the second quarter of the year to be soft. If this is the case it is likely that the Federal Reserve will choose to keep interest rates low. Although the first quarter saw a GDP rise of 1.8 per cent, analysts are expecting...
Dollar extends its decline
24 Jul at 9 AM
News Item Link: Dollar extends its decline
The decline in the dollar continues as the greenback hits its lowest level in around a month. However, investors are now focused on economic data to be released by China later. Any signs that the world’s second-largest economy is slowing down could offer support to the dollar. The dollar index fell 0.3 per cent on Tuesday and is...
Dollar softens against the yen
17 Jul at 9 AM
News Item Link: Dollar softens against the yen
A dovish approach by chairman of the US Federal Reserve, Ben Bernanke, has pushed the dollar lower. Overnight the greenback slid to its lowest level in nearly three weeks with the dollar index losing 0.6 per cent to hit 82.639. This saw some recovery in the euro, which ended at $1.3140. Although the dollar is down on its high of 101.53...
Euro and pound hammered
10 Jul at 10 AM
News Item Link: Euro and pound hammered
Suggestions that the European Central Bank intends to keep interest rates low for the foreseeable future have driven the euro and the pound down. The single currency is currently trading at $1.2779, having earlier dipped as low as $1.2755. Joerg Asmussen, policy-maker at the ECB, said he expected interest rates to remain at a record low for...
Dollar strong against other currencies
3 Jul at 9 AM
News Item Link: Dollar strong against other currencies
The dollar is continuing to hold its own against other major currencies ahead of tomorrow’s holiday in the US and expectations that jobs data to be released on Friday will be positive. Economists are expecting 165,000 new jobs to have been created in June and the rate of unemployment to be 7.5 per cent. The strong data will support...
Dollar up as data indicates US economic recovery
26 Jun at 9 AM
News Item Link: Dollar up as data indicates US economic recovery
A batch of broadly positive data coming out of the US has seen the dollar recover. The strong house price figures, and a rise in business spending, support the Federal Reserve’s view that the US economy is firmly on the road to recovery. Fed chairman Ben Bernanke recently announced that the central bank could begin reining in its policy of...
Euro up as all eyes focus on the Fed
19 Jun at 9 AM
News Item Link: Euro up as all eyes focus on the Fed
The US dollar has managed to crawl back a tad against a basket of other currencies, but remains close to a four-month low. Although the greenback is up slightly against the yen it is down against both the Swiss franc and the euro. Investors are now concentrating on the results of a policy meeting at the US Federal Reserve to see if Chairman...
Dollar firm ahead of jobs report
5 Jun at 9 AM
News Item Link: Dollar firm ahead of jobs report
The US dollar has recovered some ground against the yen after falling to its lowest level in four weeks against the Japanese currency on Monday. The greenback was given additional support following reports that the Japanese government will push public pension funds to invest in overseas assets and equities. The dollar gained 0.4 per cent...
Dollar strengthens on positive economic data
29 May at 9 AM
News Item Link: Dollar strengthens on positive economic data
Investors are being drawn to the US dollar after strong economic data coming out of the States raised expectations that the Federal Reserve will begin to rein in its easy money programme. The yen has also been given a boost by falling Japanese stocks. The yen is up 0.3 per cent against the greenback to 102.14. On Tuesday the yen dropped...
Dollar hit buy support for QE
22 May at 9 AM
News Item Link: Dollar hit buy support for QE
Chairman of the Federal Reserve, Ben Bernanke, is due to give a clearer indication on whether the central bank will be bringing an end to its monetary easing policy any time soon. Speculation that the Fed will be wrapping up quantitative easing has seen the dollar gain around 5 per cent since the beginning of the year. However, the dollar...