Unexpectedly strong non-farm payroll data boosted the dollar, despite the cold winter across much of the United States.» Read More
The dollar rose to a 1-month high against the yen on Wednesday, after a report on the U.S. services sector in September reflected growth in employment, boding well for Friday's non-farm payrolls data.
Stocks are waffling and a lot of the talk is focused on Friday's employment report. Traders are also watching this morning's 10 a.m. release of the Institute for Supply Management's non-manufacturing index.
Not since 1990, has there been such a high percentage of foreigners opening their check books to buy U.S. companies (see state below). Today's $8.5 billion offer for Commerce Bank from Canada's TD Bank is just the latest and part of a growing trend of cross border transactions coming from Canada and other countries.
The dollar rose Tuesday from record lows hit during the prior session as investors trimmed overstretched bets against the U.S. currency ahead of key economic data later this week.
Markets around the world rocked on after yesterday's record setting session on Wall Street and U.S. stocks are set to move moderately higher on the open. Merger activity tops the news with an offer from Canada's TD Bank Financial Group's to buy Commerce Bank for $8.5 Billion.
October's normally the month to fear on Wall Street, but it'll be hard to top the scary volatility of the summer. A hefty economic calendar, the start of corporate earnings season, news from the mired housing market, and the continuing unwinding of the credit crunch will keep market volatility high this coming month.
The dollar rose slightly from record lows against the euro Monday as investors cashed out bets against the U.S. currency ahead of a fresh batch of economic data and central bank meetings this week.
The dollar hit another new low Friday, as U.S. inflation data reinforced expectations that the Federal Reserve may cut interest rates again.
European Union Monetary Affairs Commissioner Joaquin Almunia said he was concerned by the dollar's fall and urged the United States to match its stated support for a strong dollar with action.
The dollar fell to record lows Thursday, hit by fresh evidence that a weak housing market could crimp U.S. growth and force the Federal Reserve to cut interest rates again.
The Street is edging toward the end of one of the most volatile quarters in recent memory ... and for all those a bit tired of the excitement, it looks like it might actually have a laid-back and happy ending.
The dollar rebounded from record lows against the euro Wednesday, brushing aside a steeper-than-expected fall in August durable goods orders as buyers took advantage of cheap exchange rates.
A relatively swift resolution to the United Auto Workers strike against General Motors is giving some lift to stocks this morning. The dollar is defying gravity and is bouncing off its lows against the Euro but that move looks like it will be short lived.
The dollar hit a new record low against the euro Tuesday as a surprise plunge in U.S. consumer confidence to nearly two-year lows raised expectations of another Federal Reserve interest rate cut next month.
The dollar hit a record low against the euro for the third straight session Monday, amid fears that a deepening housing slump could rein in economic growth and trigger more cuts in U.S. interest rates
Turmoil in global credit and money markets will likely continue as investors worry about the size of financial losses and where they might appear, the International Monetary Fund warned Monday.
Worries about a dramatic decline in the value of the dollar may be overdone, economists say."What you’re seeing is short term responses to interest rate cuts," says Ram Bhagavatula of the hedge fund Combinatorics Capital .
Like an orchestra tuning up, financial markets are trying to find the right pitch after the Fed's big rate move. The market moves have been dramatic, and for the time being, it's likely they'll continue that way.
The dollar rose marginally from a 15-year low against a basket of currencies Friday, as investors debated whether the U.S. currency's decline has gone too far, too fast.
Gold hit a 28-year high on Friday as the dollar's continued slide to record lows versus the euro raised the metal's appeal to speculative investors.