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The dollar rebounded on Tuesday after Ben Bernanke, the Federal Reserve chairman, said that the central bank is ready to bolster a stumbling US economy but gave few details. Invested had positioned themselves for Bernanke to offer more hints about additional monetary easing and when measures to boost the economy were not specified, they...

The dollar hovered near a two-year high versus a basket of currencies in early Asian trading on Thursday, having seen the euro slide to a two-year low, after Federal Reserve meeting minutes showed that further monetary easing was not going to happen at present. The report showed that the world’s largest economy would have to deteriorate...

The safe-haven dollar climbed higher versus a basket of currencies on Monday, extending hefty gains made last week, as concerns about the global economy and the debt crisis in the eurozone dampened risk appetite. The greenback strengthened against the euro, shrugging off attempts by European officials to lessen funding strain’s on the...

The euro eased against the dollar on Wednesday but held on to much of Tuesday’s gains, with investors’ focus being on whether the Federal Reserve will launch further monetary stimulus in order to support the country’s flagging economic recovery. The single currency also gained support from indications that Greek parties could be set...

The dollar dropped across the board today on expectations that the Federal Reserve could ease monetary policy further following a series of downbeat economic data. Analysts predict that the Fed is set to extend its Operation Twist long-term bond-buying by several months from the current June deadline. The Fed’s rate-setting committee...

The euro sat just below three-week highs versus the dollar today, steady on expectation that world central banks will counter any negative fallout from the Greek elections this Sunday. G20 officials said that central banks from key economies are ready to carry out action to ensure the stability of financial markets by offering liquidity...

The dollar fell to a session low versus the yen as well as extended losses versus the euro following job data from the US revealing that the amount of Americans claiming unemployment benefits unexpectedly increased last week. The greenback dropped to a two-day low of 79.14 yen. It had earlier been trading at 79.28 and was last seen trading...

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...

Economic growth in the US slowed to an annualised 2.2 per cent during the first quarter, from three per cent in the last three months of 2011, reports the BBC. The figure was less than the 2.5 per cent which economists had forecast and equates to 0.5 per cent growth quarter on quarter. The US Commerce Department stated that gross domestic...

Interest rate setters from the Federal Reserve have increased their forecasts for economic growth in the US this year, reports the BBC. They are anticipating growth between 2.4 per cent and 2.9 per cent, a rise from January’s projection of between 2.2 per cent and 2.7 per cent. In addition, they have lowered their expectation for the...