The dollar extended gains against the yen and euro after Fed President Dennis Lockhart expressed support for an interest rate hike in September.» Read More
A day after Federal Reserve Chair Janet Yellen signaled that the first rise in U.S. rates in nearly a decade was likely this year, the U.S. Labor Department reported an unexpected dip in new applications for unemployment payments. The dollar was ahead 0.15 percent against the yen at 123.93 yen and down 0.2 percent against sterling, which has rallied in recent days...
The dollar rose on Wednesday after Federal Chair Yellen reinforced market expectations for a U.S. interest rate hike, possibly as soon as September.
The yen inched lower to 123.53 yen per dollar after the Bank of Japan trimmed its growth forecasts but gave a balanced and little changed account of the economic outlook, while traders awaited testimony by the U.S. Sterling, already a major outperformer on Tuesday after Bank of England officials spoke of the growing likelihood of interest rate hikes, rose to its...
LONDON, July 15- The Australian dollar tiptoed close to its highest in two weeks on otherwise quiet major currency markets on Wednesday, supported by stronger data out of China as traders awaited a speech by U.S. Federal Reserve chair Janet Yellen. Sterling, a major outperformer on Tuesday after Bank of England officials spoke of the growing likelihood of...
SYDNEY, July 15- Sterling was broadly higher early on Wednesday after the Bank of England put the prospect of an interest rate hike front and center, while a surprise fall in U.S. retail sales kept the dollar pinned down. It climbed as far as $1.5640 and 192.94 yen, while the euro slid to 70.33 pence. His comments caught the market's attention just as Greece was...
Ed Ponsi, Managing Director at Barchetta Capital Management, believes the common currency will remain in the 1.05-1.13 range against the greenback.
The dollar posted moderate losses against the euro and yen on Tuesday.
The dollar strengthened across the board on Monday after euro zone leaders clinched a deal with Greece in an all-night summit.
The euro advanced across the board on optimism Greece was making progress in efforts to secure funding and stay in the euro zone.
The safe-haven yen and Swiss franc fell on Thursday after Chinese stocks rebounded.
The yen rose to a seven-week high against the dollar on Wednesday, as investors bought the Japanese currency for safety.
The euro will dip if Greece leaves the euro zone, but a protracted downtrend is unlikely, FX strategist Jens Nordvig says.
The euro fell more than 1 percent against a buoyant U.S. dollar on Tuesday.
The euro slipped against a stronger dollar, falling over 1 percent after the European Central Bank toughened up on Greek banks.
The euro tumbled across the board, but was off its lows, after Greece voted to reject the conditions tied to the country's debt bailout deal.
The dollar stuck around as disappointing US jobs data and caution ahead of Greece's referendum on bailout conditions kept the market mood subdued.
The U.S. dollar slipped against a basket of major currencies on Thursday after U.S. jobs data lagged expectations.
The euro dipped, buffetted by a flurry of reports on new concessions made by Greece to its European creditors.
The euro was broadly lower as investors braced for the near certainty that Greece will default on a repayment to the IMF.
The euro proved broadly resilient to Greece's moving one step closer to an exit from the single currency.