The yen nudged away from a five-year trough on the euro and a six-month low versus the dollar on Thursday, but the moves lacked conviction as investors held their bets ahead of key events, including crucial U.S. jobs data.» Read More
Jeffrey Halley, Senior Manager FX Trading, Saxo Capital Markets and Paul Bloxham, Chief Economist for Australia and New Zealand, HSBC discuss what impact a default would have on the USD.
The dollar index rose Friday, heading for its first weekly gain in five, as optimism grew that Congress will reach a stop-gap deal to avert default.
WASHINGTON, Oct 11- The U.S. Justice Department is making inquiries into allegations of foreign exchange rate manipulation centered on the Swiss franc, but has left the heavy lifting to Europe, according to a source familiar with the probe.
WASHINGTON, Oct 11- The U.S. Justice Department is making inquiries into allegations of foreign exchange rate manipulation centered on the Swiss franc but has left the heavy lifting to Europe, according to a source familiar with the probe.
The dollar rose to a two-week high against major currencies as optimism grew that lawmakers might reach a deal to avert a U.S. debt default.
The dollar rose on Wednesday as news that Federal Reserve Vice Chair Janet Yellen will be nominated as the next chief removed uncertainty in markets.
The dollar remained near its recent eight-month lows as U.S. lawmakers struggled to find a solution to the country's budget and debt problems.
Mitul Kotecha, Head of Global FX Strategy, Credit Agricole explains why he's bullish on the euro.
LONDON, Oct 7- The dollar traded near an eight-month low against a basket of currencies, falling against perceived safe havens like the yen and Swiss franc as a U.S. budget deadlock showed no sign of breaking.
LONDON, Oct 7- The dollar traded near an eight month low against a basket of currencies, falling against perceived safe havens for investors like the yen and Swiss franc as a U.S. budget impasse showed no sign of breaking.
TOKYO, Oct 7- The dollar was on the back foot against the yen and the Swiss franc in early Asian trade on Monday as the weekend produced little progress in Washington over the U.S. budget standoff, keeping the greenback stuck close to 8- month lows against a basket of major currencies.
The dollar index rose for the first time in six sessions but was within striking distance of a recent eight-month low investors remained cautious.
Saktiandi Supaat, Head of Global FX Strategy at Maybank expects the cross to remain in a trading range of 96-100.
The U.S. dollar index fell for a fifth straight session against, hitting an eight-month low, as investors fretted about a U.S. government shutdown.
The euro soared to an eight-month high vs the dollar on Wednesday as ECB President Mario Draghi stuck with the bank's current monetary policy stance.
Michael Every, Head of Financial Markets Research, Asia-Pacific, Rabobank, tells investors to short the greenback until markets receive signs of how long the shutdown will last.
The dollar traded broadly lower on Tuesday, but came off its deepest lows of the day after robust U.S. manufacturing data offset fears that the U.S. government's first partial shutdown in 17 years would clip the economic recovery.
*Euro rises to 8- month high, Italy still seen a major risk. LONDON, Oct 1- The first U.S. government shutdown in 17 years sent the dollar to a near eight-month low against a basket of currencies and a 1-1/ 2 year low against the safe-haven Swiss franc on Tuesday. The dollar's weakness lifted the euro to an eight-month high of $1.3589.
*Euro hits 8- month high, Italy still seen a major risk. LONDON, Oct 1- The dollar fell to a 1-1/ 2 year low against the safe-haven Swiss franc and a near eight-month low against a basket of currencies on Tuesday as the first U.S. government shutdown in 17 years spooked markets.
The euro hit a five month low versus the Swiss franc on Monday as political tensions in Italy escalated, while investors shunned the dollar ahead of a government shutdown.