Recessionary gloom gathers. The week was marked by mounting concerns for the integrity of the euro and saw another round of US government action to shore up its buckling banking sector.
This week, in a speech before the London School of Economics, Fed Chairman Ben Bernanke offered a perverse economic theory in his quest to gather support for
Most consider the New York market 'spot' price for an accurate indication of the true price. However, investors now buying buy physical or 'fabricated' gold, are paying a
Australian Dollar: Yesterday's employment data showed a rise in the official unemployment rate from 4.4% to 4.5% with the economy shedding 1,200 jobs in December. The
Australian Dollar: In what was a very volatile session in Asia yesterday the Aussie dollar climbed back from its open near 66 cents to post a late afternoon high slightly above the
On Monday, the yen advanced across the board at the expense of higher-yielding currencies as risk aversion and slumping equities reemerged as the dominant concerns for investors.
Australian Dollar: After opening the week above 70 cents the Aussie dollar swiftly retreated in early morning trade as investors remained nervous following Friday's U.S employment report.
There is a bucket of data out this week which should provide traders with a closer insight into the current economic situation in the United States.
Australian Dollar: The Aussie dollar drifted lower in local trade on Friday after posting a high of 0.7130 in early morning trade.
The Australian Dollar opens little-changed from this time yesterday at 0.7120 but has experienced another wide 24-hour range.
Australian Dollar: The Australian Dollar opens sharply lower this morning at US71 cents. The Aussie moved to an overnight high of 0.7268 during European trade, however
Australian Dollar: The Australian Dollar opens at a 3-month high against its U.S. counterpart at 0.7250 as commodity prices continue their recent run higher. Positive sentiment
Australian Dollar: The Australian Dollar opens higher today at 0.7149 and in the last 24 hours has been more up and down than the wicket at the Sydney Cricket Ground. In local
The dollar bounced against the majors at the start of the week, rallying to 1.3555 versus the euro from 1.3962 and edging up to 93.56 against the yen.
The dollar was steady against the yen on Tuesday after Federal Reserve chief Ben Bernanke said risks to the U.S. economy had decreased and signaled a willingness to fight inflation.
The dollar fell against the euro on Friday after an index of Milwaukee-area manufacturing fell to its lowest level in five years.
The dollar fell against the yen and the euro on Wednesday on concerns about that the economy will continue to weaken as investors place their assets into commodities.
The dollar fell versus the euro and yen on Tuesday ahead of a home sales report which could indicate more declines in the housing market.
The dollar versus the euro and yen on Friday after a report showing that consumer confidence in the U.S. fell as oil reached a new record.
The dollar fell versus the euro on Friday amid expectations of lower housing starts and consumer confidence in reports later today.
The dollar was little changed against the yen on Thursday holding on to gains from yesterday as U.S. stocks rose on consumer prices which rose less than expected, alleviating inflation worries.
The dollar gained against the euro and yen on Wednesday after reports of better than expected retail sales in the U.S. and comments from a Federal Reserve official boosted the currency's strength.
The dollar was slightly higher against the euro on Tuesday, ahead of speeches from Federal Reserve who may shed light on the chances for further cuts in interest rates or a pause.
The dollar fell versus the euro and yen on Friday after troubles in the credit market resurfaced with investors shifting assets to commodities.
The dollar was slightly lower against the euro on Friday after losses on Thursday due to hawkish comments from the head of the European Central Bank which propped up the euro.
Dollar closed slightly lower after a range bound movement against the euro yesterday due to the recovery in European currency after the decision from ECB.
Sterling gained marginally after the Bank of England held interest rates at 5 percent.
Dollar rose against the euro yesterday as weak economic data from the Euro zone put pressure on the euro helping the counterpart.
The dollar gained versus the euro on Thursday as members of the European Central Bank gather today for a meeting to decide on economic policy.
Sterling fell against the dollar yesterday with weak consumer morale output and jobs figures keeping investors focused on a sharply slowing UK economy and the prospect of further interest rate cuts.