TOKYO, Sept 22- The dollar hovered near six-year highs against the Japanese yen on Monday, underpinned by expectations the world's biggest economy will see the start of its rate-tightening cycle sooner-than-expected.» Read More
The dollar fell versus the euro on Monday, snapping a three-day winning streak, as a jump in euro-zone annual inflation to a record high sealed the case for a European Central Bank interest rate hike next month.
Nearly 1.5 billion shares and $23 billion traded Friday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
The dollar jumped against the euro on Friday and notched up its best week against a basket of currencies since 2005 as mounting inflation fears had investors bracing for Federal Reserve interest rate hikes this year.
For the week ending Friday, June 13, 2008, the markets were mixed on varied economic news, renewed credit concerns from Lehman and the financial sector, and of course, oil. A surprise increase in retail sales gave hope for economic growth and a rising CPI suggested a potential rate move on the horizon that could strengthen the dollar and begin to tame inflation.
Nearly 1.5 billion shares and $23 billion traded Thursday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
The euro was on track for its worst week versus the dollar in three years Thursday, hurt by tempered expectations of euro zone interest rate hikes even as positive retail data bolstered U.S. rate hike expectations.
Nearly 1.5 billion shares and $23 billion traded Tuesday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
The dollar fell against the euro and yen Wednesday with investors debating the relative outlook for interest rates in the United States and Europe given the rhetoric of various central bank officials in recent days.
Nearly 1.5 billion shares and $24 billion traded Tuesday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
The dollar rose to a 3-1/2-month high against the yen on Tuesday after Federal Reserve Chairman Ben Bernanke raised his anti-inflationary language, stoking expectations for U.S. interest rate hikes.
Nearly 2.0 billion shares and $26 billion traded Friday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
The dollar jumped as top Treasury and Federal Reserve officials voiced concern about its recent slide, raising the chances that officials could step into the foreign exchange market to support the U.S. currency.
For the week ending Friday, June 6, 2008, the markets finished in the red as the CBOE Volatility Index (VIX) again crossed above the 20 threshold and oil surged. Stocks were impacted by continued economic concerns, renewed trouble in the financial sector, and a record spike in crude oil on Friday. Although it was a negative week for the markets, the Dow managed a 200+ point rally on Thursday for the first time since 4/18, after retailers posted better than expected same store sales.
The dollar dropped across the board Friday, after data showed the U.S. economy lost jobs for a fifth straight month and the unemployment rate shot up to its highest in more than 3-1/2 years.
The euro rebounded from three-week lows against the dollar Thursday after European Central Bank President Jean-Claude Trichet said euro-zone interest rates could rise as early as next month.
The dollar was mixed Wednesday as a report on the U.S. service sector indicated a less severe downturn and retail sales in Europe dipped unexpectedly.
The dollar advanced broadly on Tuesday after Federal Reserve Chairman Ben Bernanke warned about the inflationary impact of a weak currency, suggesting the central bank is not likely to cut interest rates further this year.
The dollar fell against the yen and gave up much of its gains versus the euro Monday after rating agency Standard & Poor's downgraded U.S. financial sector firms.
For the week ending Friday, May 30, 2008, the markets finished up, with all major indices increasing ~1.3% or higher for the week. Only the Dow declined for the month, shedding 1.42%. The NASDAQ reached its third consecutive monthly gain , up 4.55% for the month. The markets were encouraged by better than expected earnings from retailers and strong results from Dell. U.S. GDP for 1Q also helped lift stocks up, as it rose 0.9% at an annual rate , better than the previous estimate. Crude Oil also retreated to lower levels.
The dollar fell to session lows versus the euro and traded flat against the yen as investors took profits ahead of the weekend after recent strong gains in the U.S. currency, traders said.