NEW YORK, July 28- The U.S. dollar rebounded against the euro and yen on Tuesday after traders took profits from gains in those currencies and favored the greenback on expectations that the Federal Reserve could take a hawkish bias in a policy statement on Wednesday. "Anybody who bought euros amid the 1 percent rally yesterday is likely to take some money off the...» Read More
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
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.
The Canadian dollar hit parity with the U.S. dollar for the first time in 31 years Thursday, capping a 62 percent rise from 2002 on the back of booming commodity prices and a deepening disenchantment with the greenback.
The dollar rallied from a 15-year low against a basket of currencies Wednesday, as investors bet the Federal Reserve's interest rate cut Tuesday will help boost a slowing U.S. economy.
The dollar touched a record low versus the euro on Tuesday after the Federal Reserve cut the U.S. benchmark lending rate by half a percentage point, the first cut in four years, in a bid to boost the U.S. economy.
The British pound fell below $2 for the first time this month on Monday as thousands of depositors pulled money from U.K. lender Northern Rock. At the same time, the dollar was slightly weaker against most other currencies ahead of an expected U.S. interest rate cut.
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The dollar rebounded against the yen and euro Thursday as investors resumed buying the U.S. currency after nearly a week of declines, although expectations of a cut in U.S. interest rates capped gains.
The dollar fell to a record low against the euro on Wednesday as investors braced for the Federal Reserve to cut interest rates next week, rendering dollar-denominated assets less attractive to global investors.
The dollar slid to near a record low versus the euro Tuesday, as traders bet a slowing U.S. economy will prompt a Federal Reserve rate cut next week, while the European Central Bank holds steady for some time.
The dollar fell near record lows Monday against the euro, weighed down by last week's disappointing U.S. jobs data and chances that an interest rate cut by the Federal Reserve is on the way.
The dollar slid to a 15-year low against major currencies Friday as data showed U.S. payrolls fell last month for the first time in four years, raising recession fears and pressure for the Federal Reserve to cut interest rates.
The dollar steadied versus the euro and yen on Monday at the start of a busy week for U.S. data which should shed light on the extent to which the credit markets turmoil is taking a toll on growth.
The dollar slipped against the yen Friday after President Bush and the head of the Federal Reserve both said they would not rescue speculators ailing from deteriorating lending conditions that could worsen.
The yen rose modestly Thursday, recovering from the previous day's sharp decline, as investors continued a longer-term trend of reducing risky bets in response to troubled credit markets.
The yen gained on Tuesday as investors, fearing tougher credit conditions will crimp global economic growth, bought the lower-yielding Japanese currency and sold riskier assets.
The dollar rose against the euro, but fell against the yen Monday, as investors attempted to minimize exposure to risky assets amid lingering fears of a global credit crisis.
The dollar fell against most major currencies Friday, despite strong U.S. economic data, as calmer credit markets sparked renewed interest in riskier overseas assets.