NEW YORK, July 29- The dollar dropped on Friday after data showed that the U.S. economy grew at a slower pace than expected in the second quarter, while the Japanese yen soared after the Bank of Japan's stimulus plans underwhelmed investors. U.S. gross domestic product increased at a 1.2 percent annual rate, the Commerce Department said. "There were some aspects of... » Read More
CNBC's Ross Westgate reports on all the market moving events from Europe, as shares of Philips moves up over 6-percent.
While the rally in U.S. dollar-yen has fizzled out over the past five months, foreign exchange strategists say the trade is not over yet.
Saktiandi Supaat, Head of Global FX Strategy at Maybank expects the USD/JPY to head towards 105-110 in Q1, 2014.
According to CNBC's weekly forex sentiment survey, the greenback isn't set to be a hot trade this week. Sri Jegarajah goes through the numbers.
A lot of traders are eager to see the market drop three to five percent so they can buy lower going into the end of the year. However, so far, so far that's been wrong.
The dollar fell to eight-and-a-half-month lows against the euro and a currency basket on Friday.
CNBC's Ross Westgate reports on all the market moving events from Europe, as investor confidence was buoyed by Chinese growth and a rally on Wall Street.
Michael Sneyd, FX analyst at BNP Paribas, discusses the dollar trade as the tapering question has been put back on the table.
Ulrich Leuchtmann, Head of FX Research at Commerzbank says the Canadian dollar is a good alternative to the U.S. dollar.
Michael Woolfolk, MD & Senior Currency Strategist of BNY Mellon says delayed expectations of Fed tapering could undermine the dollar as well as America's balance of payments issues.
The dollar index slid Thursday as a deal to end the U.S. debt stalemate prompted investors to focus on the economic impact of the government shutdown.
What's next for stocks? The market is down this morning as traders and strategists are trying to figure out where the market will go for the next year.
U.S. politicians may have side-stepped a debt default on Wednesday, but currency analysts have told CNBC that the dollar's status as a reserve currency will suffer long-term.
Hamish Pepper, FX Strategist, Asia Pacific, Barclays Capital discusses his outlook for the greenback in the wake of the U.S. debt ceiling debacle.
The dollar rose against most currencies on Wednesday after the Senate announced a deal that would avert a U.S. default and re-open government.
Traders are trying to assess how much damage has been done to consumer confidence in the wrangling over the government shutdown and the debt ceiling.
The U.S. gets an ominous warning from a credit rating agency, just as the shutdown fiasco is starting to manifest in earnings reports.
Michael Every, Head of Financial Markets Research Asia-Pacific at Rabobank says that a solid U.S. budget deal that isn't just temporary in nature would spell gains for the greenback.
The dollar dropped to session lows against the yen on Tuesday as talks on raising the U.S. debt ceiling floundered.
The net effect of this much ballyhooed deal is the government opens, borrowing goes on, and the sequester cuts will likely be minimal, if at all.