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 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.
Brian Jackson, Global FX Strategist at Coutts still expects further strength in Japan equities and sees dollar-yen moving higher but says it won't be a smooth ride.
The dollar was on track for its biggest daily drop in more than five weeks against the yen after a sharp slide in Japanese stocks and weak Chinese factory activity data.
The dollar rallied to trade at a fresh 4 1/2-year high against the yen after Fed Chairman Ben Bernanke warned that holding interest rates too low for too long has its risks.
*Dollar rallies after Bernanke testifies to Congress. *BOJ upgrades economic assessment, stands pat as expected.
The U.S. dollar fell against the euro on Tuesday after St. Louis Federal Reserve President James Bullard dented expectations the U.S. central bank may taper its bond purchases.
The U.S. dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering bond purchases this week.
Thanos Vamvakidis, head of European G10 FX strategy at BofA Merrill Lynch Global Research, says Europe needs to stay on course with austerity and advises being short on Swiss Franc against the U.S. dollar.
The dollar rose against a swath of currencies on Friday, rocketing to 4 1/2-year high against Japan's yen.
The U.S. dollar recovered to trade higher against the euro and yen late Thursday afternoon in a volatile session that saw the U.S. currency swing between gains and losses.
Brian Jackson, Global FX Strategist at Coutts says there more upside for the currency pair and explains why it will climb to 106.
The euro fell to a six-week low against a buoyant dollar on Wednesday, hurt by an unexpectedly large contraction of the euro zone economy.
*FTSEurofirst 300 closes up 0.7 pct at 1,245.66 points. LONDON, May 15- European shares scaled new five-year highs on Wednesday, led by gains for several major Swiss stocks after a fresh fall on the Swiss franc that should continue to buoy the country's exporters.
The yen fell against the dollar on Tuesday for a fourth straight session, hitting its lowest level in 4 1/2 years as signs that the U.S. economy is improving.
The dollar gained for a third straight session against the yen and euro on Monday as data showing a rise in U.S. retail sales assuaged fears of an economic slowdown.
The yen tumbled to its lowest in more than four years against the dollar on Friday on data showing Japanese investors were buying more foreign assets.
The U.S. dollar skyrocketed to its highest level against the Japanese yen in over four years on Thursday, piercing the key technical and psychological 100 yen-per-dollar mark.
The euro rose against the dollar after an unexpected rise in German industrial output was seen making a near-term euro zone interest rate cut less likely.
The euro firmed across the board on Tuesday after data showing German industrial orders beat forecasts, but the prospect of further monetary easing could limit its gains.
The U.S. dollar rose for a third straight session against the yen on Monday and looked set to make another run at the 100 yen level on renewed optimism about the U.S. economy.