NEW YORK, July 29- The dollar dropped on Friday after data showed that the U.S. economy grew at a slower pace than expected in the second quarter, while the Japanese yen soared after the Bank of Japan's stimulus plans underwhelmed investors. U.S. gross domestic product increased at a 1.2 percent annual rate, the Commerce Department said. "There were some aspects of... » Read More
The foreign exchange maneuver known as the carry trade looks set to continue unwinding, with bearish investors scared of risks. But buying opportunities might emerge from the trend, analysts told CNBC on Wednesday.
The dollar turned higher against the yen on Tuesday as U.S. stocks trimmed losses late in the afternoon on talk of a bail-out for bond insurer Ambac.
The dollar halted a sharp sell-off against the euro and a basket of major currencies on relief that U.S. manufacturing had not deteriorated as much as expected.
The dollar spiraled lower as worries about the US economy depressed the currency and raised thorny issues in Europe about how to cope with the growing gap.
The dollar dropped to record lows against the Swiss franc Thursday as U.S. stocks fell following comments from Federal Reserve Chairman Ben Bernanke suggesting the possibility of more U.S. bank failures.
The U.S. Dollar continues to lose ground against major currencies with the Dollar index multi-year lows, and the Euro hitting new highs against the dollar. Are there ways to profit from the weak dollar? CurrencyShares ETFs might provide a few options.
The dollar sank to a new low against the euro after the chairman of the Federal Reserve Bank said Wednesday that the U.S. would encounter more sluggish economic activity in the coming weeks and months.
The dollar fell to record lows against the euro and basket of currencies Tuesday on worries over the health of the U.S. economy and prospects of more Federal Reserve interest rate cuts.
The dollar and euro both gained against a weaker yen Monday as positive news for the U.S. financial sector boosted appetite for stocks and other riskier trades and helped underpin high-yielding currencies like the New Zealand dollar.
The dollar fell against the yen Friday, as investors shunned risky trades such as stocks and high-yielding currencies after a brokerage downgrade of the top two U.S. home-funding companies, Fannie Mae and Freddie Mac.
The dollar fell to two-week lows Thursday after data showing a much sharper-than-expected contraction in U.S. Mid-Atlantic factory activity this month made investors brace for more Federal Reserve rate cuts.
The dollar erased gains against the euro to trade flat Wednesday after minutes of the Federal Reserve's January monetary policy meeting warned of more risks to the U.S. economic growth outlook.
The high-yielding Australian and New Zealand dollars climbed Tuesday, as gains in global equities and commodities bolstered investor appetite for risky trades, outweighing worries about the health of the financial sector.
The dollar recovered in trade thinned by a U.S. market holiday on Monday, as investors locked in profits following the currency's worst weekly performance of the year so far.
The dollar fell against most major currencies Friday after data showing sharp declines in consumer sentiment and New York area manufacturing rekindled fear that the economy continues to slouch toward recession.
The dollar dipped against the euro and yen Thursday after Federal Reserve Chairman Ben Bernanke said the U.S. economic outlook had worsened and that the central bank would act as needed to support growth.
The dollar rose to a one-month high against the yen Wednesday after government data showed an unexpected rise in U.S. retail sales last month, momentarily dampening views that the U.S. economy is contracting.
The dollar fell against the euro Tuesday but gained on the yen after Warren Buffett said he had offered to assume troubled bond insurers' liabilities, a move that may ease recent credit market turmoil.
The yen rose broadly Monday as investors grew more risk averse, while the euro eked out a small gain against the dollar as the market weighed inflation remarks from monetary policy-makers.
The euro recovered a little Friday but was on track for its biggest weekly fall versus the dollar in 1-1/2 years amid growing expectations the European Central Bank will cut interest rates later this year.