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The dollar has dropped against the euro as investors and analysts expect the Federal Reserve to continue its loose monetary policy. Recently the greenback rallied because Fed chairman Ben Bernanke suggested that quantitative easing could be reined in on the back of positive growth in the US economy. However, second quarter gross domestic product figures are expected to be softer than first quarter data. If this proves to be the case then the US central bank is likely to keep interest rates down. This will make the greenback less attractive to investors. The euro has pushed up 0.2 per...US dollar in the doldrums24 Jul at 9 AM
A basket of major currencies has been given a boost as the US dollar remains weak. However, just how weak the greenback remains will depend of Chinese data due to be published today. If the second biggest economy on the planet shows disappointing growth, investors are likely to return to the dollar for comfort. The euro has been given some reprieve and has managed to rise as high as $1.3239, its highest level since 21 June. The dollar continues to struggle to climb above the 100 yen barrier, but the single currency is performing well at 132.47, not far off a two-month peak hit on...US dollar down 17 Jul at 9 AM
The dollar has weakened as Ben Bernanke, head of the US Federal Reserve, is expected to avoid being too hawkish in front of Congress. Investors are watching closely to see how a tapering back of quantitative easing will eventually impact the markets. The dollar index, a measure of the greenback against a number of other leading currencies, was close to its lowest level in three weeks at 82.639, a drop of 0.6 per cent. However, the dollar managed to recover 0.3 per cent against the yen to hit 99.35. This is still lower than the 101.53 high hit earlier in July. The Fed chairman is...Dollar remains strong as pound flounders10 Jul at 10 AM
The US dollar is performing well against a basket of other leading currencies. The strength of the greenback has been aided by a drop in the value of the euro and sterling as the Bank of England and the European Central Bank look like keeping a loose money policy in place for some time to come. Although the ECB has said his comments were not meant to be taken as a forecast, Joerg Asmussen’s statement that interest rates are likely to remain at a low for at least another year sent jitters through the markets. The single currency has also been hit by a decision by Standard & Poors...Dollar expected to strengthen against positive jobs data3 Jul at 9 AM
The release of jobs statistics on Friday will be closely watched by analysts as positive figures will support the Federal Reserve’s decision to look at wrapping up its stimulus programme. Anticipation that the figures will be encouraging has helped boost the strength of the dollar. The greenback was most recently up against the yen by 0.1 per cent at 100.72 yen. The dollar also strengthened by 0.98per cent against its Australian rival to 0.916. The Aussie dollar has lost around 10 per cent since April as the Reserve Bank of Australia continues to keep the interest rate at a record low of...