Alexander Mirtchev, board director at Atlantic Council, reviews the G8 meeting, its policy implications and what the main issues discussed were.» Read More
The dollar rose against the euro and yen after the Federal Reserve made no change to short-term U.S. interest rates.
The dollar rose against the euro Tuesday as investors squared positions ahead of central bank meetings in the U.S. and Europe.
The dollar weakened ahead of three central bank meetings that may underscore market expectations for U.S. interest rates to fall this year as rates in other major economies climb higher.
The dollar fell after a report showed U.S. employment growth in April was the lowest since November 2004, signaling that the U.S. economic slowdown has finally caught up to the labor market.
The dollar rose broadly for the third straight day, its longest rally in two months, after solid U.S. service sector data eased some concerns about the economy ahead of April's payrolls report.
The dollar edged up in thin trade, briefly brushing a two-month high against the yen, as dealers scaled back bets the greenback would slide ahead of an upcoming report on U.S. job growth in April.
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.