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The U.S. dollar hovered near a six-week high against the euro and its strongest versus the yen in three months on Monday as traders determined that weak U.S. housing data late last week was not enough to warrant a cut in U.S. interest rates later in the year.
The dollar eased against the euro after a surprisingly weak report on existing home sales rekindled worries that a downturn in the U.S. housing sector may have further room to run.
The dollar rose after a report showed that U.S. new home sales rose more than expected in April, reinforcing a view that the Federal Reserve may not have to cut interest rates this year.
The dollar fell after minutes from a Bank of England policy meeting and strong data on euro-zone industrial orders suggested interest rates in Europe could rise more than previously thought.
The dollar traded near six-week highs against the euro and a three-month peak versus the yen as traders continued to pare back expectations of a Federal Reserve interest rate cut this year.
The dollar hit a five-week high against the euro and a three-month peak versus the yen as investors further trimmed bearish bets on the greenback amid a growing view the Federal Reserve may not cut interest rates this year.
The dollar hit a five-week high as investors pared back aggressive bets against the currency after limited reaction to China's move on the yuan and rates last week shifted focus to U.S. economic fundamentals.
Kuwait unshackled its dinar from the tumbling U.S. dollar on Sunday and switched the exchange rate mechanism to a basket of currencies, throwing plans for currency union with other Gulf Arab oil producers into disarray.
Group of Eight finance ministers did not discuss currencies and gave no surprises at their weekend talks, leaving financial markets on Monday to take cues from swings in investor risk appetite from Chinese stocks.
The U.S. dollar held around a three-month high against the yen after a regional survey showed an unexpectedly large rise in U.S. business activity, backing a view that interest rates will stay on hold for some time.
The dollar rebounded from a one-week low against the euro and rose to a three-month high against the yen with help from housing and industrial production data that added little to U.S. inflation concerns.
The dollar fell across the board on Tuesday after a report suggested U.S. inflation was well contained in April, backing a view that the Federal Reserve will likely cut interest rates later this year.
The dollar edged lower against the euro, ahead of U.S. inflation data and a series of speeches from Federal Reserve officials that could yield clues on whether a cut in U.S. interest rates is likely this year.
The dollar slipped against the euro, weighed down by a surprising decline in U.S. retail sales and benign core producer prices, which bolstered the view that the economy is losing momentum.
The dollar climbed to one-month highs against the euro and two-and-half month peaks versus the yen as investors trimmed bearish bets on the greenback after key central bank meetings this week.
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.