World leaders have wrapped up a G-7 summit in Germany, with a stronger stance on climate change, among a wide range of issues. CNBC's Carolin Roth reports.» Read More
The dollar rose, hitting a nine-week high against the yen, after a report showed U.S. manufacturing expanding at its fastest pace in almost a year.
Signs of sluggish U.S. growth pushed the dollar just shy of a record low against the euro on Monday and kept it on track for its steepest monthly slide since November.
The dollar dropped to a record low against the euro on Friday after the weakest reading of U.S. economic growth in four years, providing more evidence the economy is falling behind the rest of the world.
The dollar strengthened broadly on Thursday as dealers, frustrated at the euro's failure to reach a fresh new record high against the greenback, bought the U.S. currency back across the board.
The dollar fell to a two-year low against a basket of major currencies on Wednesday and came within a whisker of its record low against the euro after soft U.S. housing data kept a spotlight on slowing economic growth.
The dollar slipped after weak U.S. housing and consumer confidence data raised expectations the Federal Reserve may have to cut interest rates sometime this year.
The dollar edged up against a basket of major currencies, snapping a nine-day decline, but the outlook remained negative in the near term.
The dollar edged up against the euro on Friday, after touching a two-year low overnight, helped by ralling U.S. stock prices and dealers evening out their positions before the weekend.
The dollar and euro fell against the yen after as worries about a possible near-term interest rate hike in China to slow its accelerating economy prompted investors to unwind trades funded by low rates in the Japanese currency.
The dollar dropped to a 26-year low against sterling and traded near a record low versus the euro, as expectations for U.S. interest rate cuts contrasted with prospects for monetary tightening in Europe and Asia.
The Dow closed within striking distance of a new record following another batch of strong earnings reports. "I think this market is acting great," said Todd Leone head of listed trading at Cowen & Company. "We've had a tremendous rally and we’re still making a number of new highs. It's really acting well."
The dollar dropped against the euro, yen and pound after a report showed core consumer prices rose less than expected in March. The greenback set a fresh 15-year low against the sterling and 2-year low against the euro.
Investors celebrated Tax Day with a broad-based rally and the S&P 500 closed at its highest level in nearly seven years, boosted by Citigroup's strong earnings report and a surge in M&A activity. "Expectations for this quarter are quite low and so far everything has beat, which has given the market a boost," said Barry Hyman, market strategist at EKN Financial.
The dollar gave up more ground to the euro, which climbed to within one cent of its all-time high, and the pound neared $2 Monday. Movement against the dollar could drive up the price of exports and tighten the pinch for travelers to Europe just as the tourist season approaches.
The Australian dollar climbed to a fresh 17-year peak against the U.S. dollar on Monday, buoyed by gains against the Japanese yen after the weekend Group of Seven ministers meeting appeared unconcerned about carry trades.
China will not participate in discussions on the global economy at a meeting of Group of Seven (G7) nations this weekend despite being invited to do so, a German finance ministry official said on Tuesday.
The outlook for equities is positive next week provided there is no ‘significant weakness’ in U.S. first quarter earnings, Mislav Matejka, European Equity Strategy at JP Morgan, tells CNBC.com.
Falling oil and weaker global markets are the backdrop for a likely lower opening in U.S. stocks this morning. Saudi Arabia's oil minister Ali Naimi knocked the wind out of oil prices early today. In an interview with the Wall Street Journal, Naimi said he was satisfied with market conditions and that OPEC may not need to change output.
Currency issues are expected to take center stage this weekend as finance ministers and bankers from the world’s seven richest nations gather for a meeting in Essen, Germany. Weakness in the Yen will likely spark a debate involving Germany, who wants the G-7 nations to prevent hedge funds from having too much influence over currency markets.
Robert Hormats--who served on the National Security Council during President Gerald Ford’s administration--appeared on “Morning Call” to give his take on the 38th president of the U.S. As we’ve been reporting all morning, President Ford died last night at the age of 93. “He may not have been the greatest president in this country’s history,” Hormats said, “but he was certainly one of the most decent.”