The dollar fell against the euro and yen Tuesday after a U.S. Midwest business barometer unexpectedly contracted in April, adding to worries about the economic recovery.
The euro rose against the dollar and yen on Monday after Italy finally formed a government, ending two months of political uncertainty.
IG Group is set to extend its service allowing customers to bet on the wildly fluctuating price of Bitcoin, the virtual currency that has captivated the interest of speculators and divided spread betting operators. The FT reports.
Greg Gibbs, Senior Currency Strategist at RBS, & Paul Gambles Managing Partner of MBMG International, discuss various scenarios impacting the U.S. dollar. They also shed light on the state of Scottish pound and what it means for the Sterling.
The dollar fell against the yen on Friday, retreating from a four-year high after the Bank of Japan left policy unchanged and after data showed U.S. economic growth expanded.
The dollar rose against the euro on Thursday as data indicating resilience in the U.S. labor market allayed concerns about the pace of the economic recovery.
Greg Matwejev, Director of FX, Hedge Fund Sales and Trading for Newedge Asia Pacific says an ECB rate cut at the next meeting next week (May 2) is a done deal.
The euro rose against the dollar on Wednesday, reversing a drop to a near three-week low earlier in the global session.
The euro hit a two-week low against the dollar after weak German data fanned concerns about the euro zone economy and speculation the European Central Bank could cut interest rates.
Mitul Kotecha, Head of Global FX Strategy, Credit Agricole Corporate and Investment Bank says Japanese investors have yet to expand their overseas investments which needs to happen for the Yen to accelerate. He expects the JPY to reach 104 at the end of the year.
So, will dollar-yen continue its descent to hit 100 this week or does the yen, which has fallen more than 20 percent since mid-November, need a fresh catalyst to trigger a further downward move? Vote and let us know what you think.
Boris Schlossberg, Managing Director at BK Asset Management, highlights the possible factors which could see dollar-yen breach the key 100 level.
The yen hovered near the key level of 100 to the dollar on Monday after major industrialized nations gave their stamp of approval to a massive Japanese easing program.
John Woods, Chief Investment Strategist at Citi Private Bank, and Ray Attrill, Co-Head of FX Strategy at NAB discuss the scenarios surrounding the Japanese Yen to break the 100 level and what effect that will have.
The U.S. dollar and euro rallied 1.5 percent versus the yen on Friday after Japan said the Group of 20 countries did not oppose its aggressive monetary easing.
The euro edged higher against the dollar as more signals of a weakening U.S. economic recovery lifted it from its biggest daily drop in 10 months in the previous session.
Harry Ida, Senior Analyst at Thomson Reuters says short JPY against almost anything.
The euro suffered its biggest daily decline against the dollar in nearly a year on Wednesday, weakened by talk of a euro zone interest rate cut.
The yen tumbled against the dollar and euro Tuesday, reversing the previous session's sharp gains as investor anxiety triggered by a record plunge in gold prices eased.
Mitul Kotecha, Head of Global FX Strategy at Credit Agricole Corporate and Investment Banking says the USD/JPY will eventually break through the 100 level in the not too distant future.