The dollar rose to its highest level against the yen on Wednesday after a government report indicated that retail sales in the U.S. rose more than expected, easing concerns about the likelihood of a U.S. recession.
The dollar rose against the yen Tuesday after billionaire investor Warren Buffett proposed a plan to bail out struggling insurers of municipal bonds.
The yen rose against the dollar and euro on Monday as stocks fell amid inflation concerns and continuing problems in financial markets.
The euro edged up against the dollar on Monday after tough talk from monetary policy-makers dented expectations for lower euro-zone interest rates while the yen climbed broadly as investors cut back on risky trades.
The dollar was on its way to its largest weekly gain versus the euro since June 2006 on Friday amid speculation that the European Central Bank will lower interest rates to boost a slowing economy.
The euro declined to two-week lows versus the dollar on Thursday after European Central Bank President Jean-Claude Trichet said euro zone growth risks are to the downside, signaling lower interest rates this year.
The yen rose against the dollar and euro on Wednesday after Asian stocks plunged amid worries about the U.S. economy.
The dollar rose against the yen but slipped versus the euro on Monday ahead of several interest rate decisions from several central banks this week.
The dollar shrugged off a dismal labor report in early Friday trading – slipping initially following the release, but rallying sharply after traders digested the news. The greenback fell just shy of a fresh all-time low against the euro at
The dollar dropped against most major currencies on Monday with dealers anticipating that the Federal Reserve will have to cut interest rates aggressively after a policy meeting later this week to boost U.S. economic growth.
The dollar gained against the euro on Friday on speculation that the Federal Reserve may not make an aggressive move to lower interest rates when it meets next Tuesday.
The Euro rose on Wednesday against the dollar, reaching its highest level in eight days after a top official at Europe's Central Bank played down the possibility that the bank will lower interest rates.
The dollar fell on Thursday after comments by Federal Reserve Chief Ben Bernanke echoed a statement made earlier this week signaling that the Federal Reserve would continue to cut interest rates, reducing the attractiveness of deposits in the currency.
The dollar dropped on Thursday after Federal Reserve Chairman Ben Bernanke told a congressional committee that more interest rate cuts may be necessary and that the economic outlook has worsened.
The dollar rose on Wednesday as a fall in oil prices pushed investors to reduce their euro holdings and temporarily abandon expectations for a weakened dollar.
The dollar on Tuesday, reaching its lowest level against the yen in two years after a report about slow retail sales triggered concerns that the U.S. economy will go into recession.
The dollar regained its footing by the New York afternoon following earlier selling against the euro, sterling and yen. A sluggish retail sales report for December was the catalyst for the greenback’s drop to multi-year lows versus
The dollar extended its declines against the euro and yen on Tuesday after data showed U.S. retail sales for December were below market expectations.
The dollar fell near its all-time low on Monday on speculation poor results from major U.S. banks this week will prompt the Federal Reserve to cut interest rates.
The dollar tumbled against the euro, breaching the 1.48-level in the face of sharply divergent comments from each respective central bank’s chief. ECB President Trichet hinted at further tightening on the back of Eurozone economic
The dollar climbed on Wednesday following comments from a Federal Reserve official who said it would be a mistake to say a U.S. recession is at hand.
The greenback was mixed against the majors in Tuesday trading, rallying against the yen while relinquishing yesterday’s gains versus the sterling. Fears on the stability of financial firms will continue to weigh on the dollar with earlier
The dollar fell against the euro and other major currencies on Tuesday as housing troubles continued to raise investors' concern about the state of the U.S. economy.
The dollar rose on Monday after losses the previous session, as investors trimmed bets against the currency given persistent U.S. inflation pressures that may prevent the Federal Reserve from cutting interest rates aggressively.
The dollar slumped across the board after a government report showed job growth slowed to the lowest since 2003, raising the likelihood that the Fed may cut interest rates by the end of this month.
The greenback extended its losses broadly after a report showed the nation's housing market deterioration has not ended yet. The dollar posed for the biggest weekly decline versus the euro. US new home sales fell from 728k to
The yen rose on Thursday after a sign that the U.S. economy is still facing more trouble from the subprime mortgage market mess as financial firms continued to report high exposure and losses.
The dollar continued to firm against the sterling following weak UK economic data, rising to its highest level in 4-months at 1.9813. However, the greenback was slightly softer against the yen and euro following the weak Philadelphia Fed survey.
he dollar’s year end recovery extended into Wednesday trading, pushing the British pound beneath the psychologically key 2-level for the first time since mid-September. With no economic reports released from the US today, traders
The Yen fell on Tuesday after the European Central Bank injected more than $500 billion to the banking system, boosting the carry trade.