United States News
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Dollar down as Greece votes on further cost cuts
7 Nov at 9 AM
News Item Link: Dollar down as Greece votes on further cost cuts
The US dollar has fallen slightly against a basket of other currencies as investors bet that the currency has risen too fast recently against a background of debt problems in Europe and continuing economic uncertainty at home. However, all eyes are now on who will be leading the country as Americans await the results of the presidential...
Euro rebounds from three-week trough
1 Oct at 2 PM
News Item Link: Euro rebounds from three-week trough
The euro recovered from sinking to a three-week low against the dollar on Monday as manufacturing data from the euro bloc was better than anticipated, but continued doubts about Spain’s bailout kept gains limited.
The manufacturing sector in France deteriorated dramatically last month, while Germany’s Purchasing Managers’ Index went...
Dollar down as Fed announces stimulus
14 Sep at 9 AM
News Item Link: Dollar down as Fed announces stimulus
The dollar fell broadly on Thursday, dropping to a seven-month trough versus the yen and a four-month-low against the euro as the Federal Reserve revealed it was to inject further money into the flagging US economy.
The Fed announced that it would purchase $40bn of mortgage debt a month and will keep buying this and other assets until...
Euro loses ground on dollar
10 Sep at 6 PM
News Item Link: Euro loses ground on dollar
The euro fell versus the dollar at the beginning of the week as investors braced themselves for this week’s Federal Reserve policy meeting.
The market expects that the Fed will launch a fresh round of quantitative easing in order to prop up the faltering economy. However, despite the single currency’s losses, it remained near...
Euro still down as QE3 hopes dwindle
31 Aug at 9 AM
News Item Link: Euro still down as QE3 hopes dwindle
The euro declined by a little again yesterday as hopes that Federal Reserve chair Ben Bernanke will announced QE3 at the Jackson Hole meeting begin to wane. The single currency was only down 0.1 per cent, however, and generally there was little movement in the markets as investors continue to hold on until today’s meeting, the ECB policy...
Euro rises to seven week high on Thursday
24 Aug at 11 AM
News Item Link: Euro rises to seven week high on Thursday
A report suggesting that Spain is talking to Eurozone leaders about the conditions of a possible bailout saw the euro rise yesterday for the fourth day in a row to hit a seven-week high of $1.2589.
Some analysts believe that Spain wants to bring down its borrowing costs by allowing the European rescue fund to buy government bonds at...
Euro gains on yen
17 Aug at 2 PM
News Item Link: Euro gains on yen
The euro reached a six-month peak on the yen on the back of remarks from German Chancellor Angela Merkel that European leaders are behind the European Central Bank in carrying out measures to ease the region’s debt crisis.
Merkel said that comments made by Mario Draghi, the president of the ECB, insisting that the central bank was...
Dollar gains ground on yen and other currencies
15 Aug at 2 PM
News Item Link: Dollar gains ground on yen and other currencies
Positive retail sales from the US help the dollar climb to a one-month high versus the Japanese yen on Wednesday and calmed talks of the Federal Reserve launching further monetary stimulus to support the economy.
Data from the US revealed that retail sales had gone up for the first time in four months, a factor that raised the likelihood...
Dollar up on yen following US economic data
14 Aug at 4 PM
News Item Link: Dollar up on yen following US economic data
The dollar climbed versus the Japanese yen on Tuesday on the back of US data that revealed retail sales in the country were up in July.
The figures were an indication that consumers may provide hope that the economy can expand during the third quarter, and it was also the first time retail sales had increased in four months. The greenback...
Aussie and Kiwi record highs against euro
3 Aug at 2 PM
News Item Link: Aussie and Kiwi record highs against euro
The New Zealand and Australian dollars jumped to record highs versus the euro as the single currency fell following disappointing news from the European Central Bank over the debt crisis in the region.
The kiwi rose against a basket of currencies after prices of whole-milk powder went up, while the Australian dollar climbed against many of...