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Dollar Bounces Off 1-year Low Versus Euro
NEW YORK (Reuters) — The dollar rebounded from a one-year low against the euro Friday as waning risk appetite cut demand for higher-yielding currencies and boosted safe-haven demand for the greenback.Sterling declined across the board, hitting a near five-month low euro on renewed concerns about the U.K. banking sector.The dollar has sold off sharply… »
Dollar Mixed Against Rivals
NEW YORK: The U.S. dollar may stay mired in a narrow range as concerns about the global economy weigh on the market. In an op-ed piece published in the New York Times, billionaire investor Warren Buffett warned that the “gusher of federal money” the U.S. has unleashed to combat the financial crisis could have dire… »
Dollar Yen Rise As Chinese Shares Fall
LONDON (Reuters) — The dollar and yen rose on Wednesday after Chinese shares extended losses, prompting investors to pull back from riskier assets.The Shanghai Composite Index closed down 4.3% on Wednesday, led by recently listed shares as investors bailed out of the market, disappointed the authorities did not support the market which has fallen 20%… »
Dollar Tumbles Against Euro
NEW YORK (Reuters) — The dollar hit a one-week low against the euro Thursday after the euro zone’s two biggest economies posted surprise returns to growth in the second quarter, helping drag the greenback lower.The European reports contrasted with the United States, where disappointing retail sales cast a shadow over an anticipated rebound in… »
Dollar Lower Vs Euro Before Fed Statement
NEW YORK (Reuters) — The dollar slipped from a 1-1/2 week high against the euro Wednesday with investors cautious ahead of the Federal Reserve’s policy statement due later in the session.The focus on the Fed overshadowed a U.S. Commerce Department report that indicated the U.S. trade deficit widened in June to 27 billion, as goods… »
Dollar Unchanged Against Rivals
LONDON (Reuters) — The dollar held steady Tuesday as investors pondered whether it could sustain gains from a recent rally, while high-yielding currencies fell after European shares and oil prices relinquished early gains.The Australian and New Zealand dollars fell as European stocks fell 0.3%, prompting traders to sell currencies seen to be higher-risk versus… »
Dollar Holds Ground Against Rivals
LONDON (Reuters) — The dollar held gains against the euro and a currency basket on Monday following a broad rally late last week on surprisingly strong U.S. jobs figures.Despite slipping a touch against the yen, the U.S. currency was supported by data showing a smaller-than-expected fall in U.S. payrolls, which suggested employment may be… »
Dollar Retreats Against Rivals
LONDON (Reuters) — The dollar edged lower against a basket of currencies on Friday as investors awaited U.S. jobs data to gauge the sustainability of a recent risk rally.Sterling remained under pressure after giving up most of its gains this week when the Bank of England surprised markets by expanding its quantitative easing program… »
Dollar Gains After Jobs Report
NEW YORK (Reuters) — The dollar rose versus the yen Thursday as a government report showing a sharp drop in U.S. jobless claims boosted views that the labor market and the economy were stabilizing.Meanwhile, sterling fell after the Bank of England said it would extend quantitative easing, and the euro was little changed against the… »
Dollar Falls To 9-month Low On Euro
NEW YORK (Reuters) — The dollar hit a nine-month low against the euro and slipped against the yen Wednesday as investors hoped a slower pace of U.S. private job losses in July hinted at a gradual improvement in the economy.Safe-haven demand earlier lifted the dollar against the euro after reports showed private employers cut more… »