The dollar pushed higher against a currency basket on Monday, but gains looked likely to remain limited as concerns over the Trump administration’s commitment to a strong currency weighed. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.25% to 89.09 by 02:55 AM ET […]
The dollar fell to a fresh three-year low against a currency basket on Thursday, a day after the Trump administration signaled that it preferred a weaker currency, while the euro was steady ahead of the European Central Bank’s policy decision. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six […]
The pound climbed to a 19-month high against the U.S. dollar on Wednesday, boosted by the release of mostly postive UK economic reports and as the greenback remained broadly under pressure. GBP/USD climbed 0.65% to 1.4093, the highest since June June 2016. The pound was boosted after official data on Wednesday showed that the UK […]
The U.S. dollar dropped to fresh three-year lows against other major currencies on Wednesday, as the euro continued to broadly strengthen and as the end of the U.S. government shutdown failed to give much momentum to the greenback. The euro has been strongly supported this year boosted by growing optimism the European Central Bank will […]
The dollar slipped lower against a basket of the other major currencies on Thursday as the euro regained ground after retreating from a three year peak in the previous session. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.15% to 90.51 by 03:24 AM […]
The dollar moved higher against a currency basket on Wednesday as the euro paused after having rallied to more than three year highs overnight amid growing expectations that the European Central Bank will scale back stimulus this year. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, […]
The dollar slid to fresh three-year lows against a currency basket on Monday as demand for the euro continued to be underpinned by speculation that the European Central Bank is preparing to scale back its massive stimulus program. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, […]
The dollar was hovering near four-month lows against other major currencies on Friday, as Thursday’s downbeat U.S. economic reports still weighed and investors eyed the release of key U.S. retail sales and inflation data due later in the day. The greenback came under pressure after the U.S. Department of Labor reported on Thursday that initial […]
The dollar extended losses against the yen on Wednesday, after the Bank of Japan trimmed the size of its bond purchases in the prior session, sparking speculation that it could start to scale back its monetary stimulus later this year. USD/JPY was down 0.64% at 111.94 by 02:58 AM ET (07:58 AM GMT) from a low […]
The yen strengthened broadly on Tuesday after the Bank of Japan trimmed the size of its bond purchases, sparking speculation that it may slow its monetary stimulus later this year. USD/JPY was down 0.35% at 112.72 by 02:38 AM ET (07:38 AM GMT) from 112.50 earlier. The move higher in the yen came after the BoJ […]
