The dollar rose against the euro on Friday, recovering from an early swoon after better-than-expected U.S. durable goods data for April eased investor concerns about the U.S. economy.» Read More
The euro fell sharply against the dollar in choppy trading on Thursday after European Central Bank President Mario Draghi said the bank is ready for negative deposit rates.
TORONTO, May 2- The Canadian dollar hit its weakest versus the U.S. dollar in two days on Thursday after the Bank of Canada surprised investors by appointing Stephen Poloz as its new governor. The currency pushed as high as C $1.0106 to the greenback, or 98.95 U.S. cents after the bank appointed Poloz, the head of Canada's export credit agency.
*C$ at C $1.0071 to the US$, or 99.30 U.S. cents. TORONTO, May 2- The Canadian dollar strengthened against its U.S. counterpart on Thursday after the domestic economy posted a surprise trade surplus, though the gain was trimmed by greenback appreciation after a sharp fall in jobless claims.
TORONTO, May 2- The Canadian dollar strengthened against the U.S. dollar early on Thursday after the domestic economy posted a surprise trade surplus. The currency firmed to C $1.0060 to the greenback, or 99.40 U.S. cents, after Statistics Canada said growing exports led to a C $24 billion surplus in March. It closed at C $1.0081, or 99.20 U.S. cents on Wednesday.
The U.S. dollar pared its losses against the yen on Wednesday after the U.S. Federal Reserve said it will stick to its plan to buy $85 billion in bonds each month.
The dollar fell against the euro and yen Tuesday after a U.S. Midwest business barometer unexpectedly contracted in April, adding to worries about the economic recovery.
The euro rose against the dollar and yen on Monday after Italy finally formed a government, ending two months of political uncertainty.
IG Group is set to extend its service allowing customers to bet on the wildly fluctuating price of Bitcoin, the virtual currency that has captivated the interest of speculators and divided spread betting operators. The FT reports.
The dollar fell against the yen on Friday, retreating from a four-year high after the Bank of Japan left policy unchanged and after data showed U.S. economic growth expanded.
The dollar rose against the euro on Thursday as data indicating resilience in the U.S. labor market allayed concerns about the pace of the economic recovery.
The euro rose against the dollar on Wednesday, reversing a drop to a near three-week low earlier in the global session.
The euro hit a two-week low against the dollar after weak German data fanned concerns about the euro zone economy and speculation the European Central Bank could cut interest rates.
So, will dollar-yen continue its descent to hit 100 this week or does the yen, which has fallen more than 20 percent since mid-November, need a fresh catalyst to trigger a further downward move? Vote and let us know what you think.
The yen hovered near the key level of 100 to the dollar on Monday after major industrialized nations gave their stamp of approval to a massive Japanese easing program.
The U.S. dollar and euro rallied 1.5 percent versus the yen on Friday after Japan said the Group of 20 countries did not oppose its aggressive monetary easing.
The euro edged higher against the dollar as more signals of a weakening U.S. economic recovery lifted it from its biggest daily drop in 10 months in the previous session.
The euro suffered its biggest daily decline against the dollar in nearly a year on Wednesday, weakened by talk of a euro zone interest rate cut.
The yen tumbled against the dollar and euro Tuesday, reversing the previous session's sharp gains as investor anxiety triggered by a record plunge in gold prices eased.
The yen rose from recent multi-year lows against the dollar and euro on Monday amid renewed worries about the global economy.
Valentin Marinov, director of FX strategy at Citi, explains that the U.S. dollar has recovered against commodity-currencies following the drop in gold prices.