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 […]
The dollar moved higher against a basket of the other major currencies on Monday after data showing that U.S. job growth cooled in December did little to alter expectations for further Federal Reserve rate hikes this year. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.25% […]
The dollar edged higher against other major currencies on Friday, as investors were eyeing the release of highly-anticipated U.S. employment data due later in the day. The greenback came under pressure after the release of mixed U.S. economic reports on Thursday. Payrolls processor ADP reported on Thursday that U.S. private employers added 250,000 jobs in December, well […]
The dollar dipped on Thursday after ending the previous session higher as upbeat U.S. data and the minutes of the Federal Reserve’s latest policy meeting helped it recover from recent losses. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, edged down 0.07% to 91.83 by 02:58 AM […]
The euro eased on Wednesday after a rally spurred by expectations that the European Central Bank will start to wind down its stimulus program later this year and the dollar regained ground against a currency basket. EUR/USD slid 0.16% to 1.2038 by 02:48 AM ET (07:48 AM GMT). The single currency hit a four-month high of […]
The dollar edged higher against other majors currencies on Friday, as U.S. data and the vote of a major U.S. tax reform plan lent some support to the greenback. Trading volumes were expected to remain ahead of the Christmas holiday on Monday. Data on Thursday showed that the U.S. economy grew 3.2% in the third quarter, which […]
The dollar held steady neat two-and-a-half week lows against other majors currencies on Thursday, as optimism surrounding U.S. tax reform plans continued to wind down ahead of the Christmas holiday. The greenback showed little reaction after the House of Representatives gave final approval on Wednesday to the biggest U.S. tax overhaul in 30 years, marking a major […]
The dollar was little changed against other majors currencies on Wednesday, as optimism surrounding a major U.S. tax reform bill began to subside. Trading volumes were expected to become more and more thin throughout the week, ahead of the Christmas holiday. The greenback showed little reaction after the House of Representatives on Tuesday approved the […]
The dollar held steady against other majors currencies on Tuesday, as investors remained cautious regarding progress on the U.S. tax reform front and as they awaited the release of U.S. housing sector data due later in the day. Trading volumes were expected to become more and more thin throughout the week, ahead of the Christmas […]
