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Sat 23 Sep 2017
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Dollar down ahead of Fed meeting31 Jul at 9 AM

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...

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...

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,...

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...

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...

Dollar strengthens against yen and euro26 Jun at 9 AM

The US dollar has rallied against both the yen and the euro after earlier losses. The greenback has benefitted from economic data that supports the Federal Reserve’s decision to look at pulling in its policy of money printing as early as this year. The central bank has been buying bonds in an attempt to boost the economy but Fed chief...

Yen drops against US dollar19 Jun at 9 AM

The yen fell against the US dollar for the second session in a row as some investors expect the Federal Reserve to announce that it intends to bring its economy boosting policy of bond buying to an early close. The euro has also been helped to its highest level in nearly four months after investor and analyst sentiment in Germany rose in June...

US dollar recovers against the yen12 Jun at 9 AM

The US dollar has managed to regain some ground against the yen after tumbling to its lowest level against the Japanese currency in three years. The fall came after the Bank of Japan revealed it was not currently planning to introduce any new monetary stimulus measures. Having previously sunk as low as 95.60 the dollar clawed itself back...

Dollar recovers against the yen5 Jun at 9 AM

The US dollar has managed to recover after investors took advantage of a drop in value on Monday to buy back the greenback. A fall in the level of factory activity during May saw the dollar hit 98.86 yen, but it has since managed to crawl back over the 100 mark. The dollar was given further support against the yen following reports that the...

Interest rate cut rumours put pressure on euro29 May at 9 AM

Threats that the European Central Bank could be about to introduce a cut in interest rates saw the euro drop 0.8 per cent on Tuesday to $1.2860. The ECB has also suggested that quantitative easing will remain in place for the time being. Meanwhile the US dollar is attracting investor interest as economic data indicates that the country is...

Shares up ahead of Fed policy announcement22 May at 9 AM

Shares on stock markets around the globe were up on Tuesday on signs of positive growth. The S&P 500 and Dow Jones ended at record highs and encouraging data from the US helped to keep the dollar up. The euro was also up as sterling came under pressure to hit a seven-week low and the yen continued to come under pressure after the Japanese...

Yen under pressure as dollar remains strong15 May at 9 AM

Aggressive monetary easing by the Bank of Japan continues to put pressure on the yen. The dollar is currently hovering around its highest level against its Japanese rival since the end of 2008. The greenback is worth 102.24 yen and many analysts expect it to rise further over the coming weeks. The euro is holding steady at $1.2935 although...

New Zealand dollar down against the greenback8 May at 9 AM

The New Zealand dollar has dropped against its US counterpart ahead of an announcement due to be made by the Reserve Bank of New Zealand later. Although nobody expects the central bank to declare an interest rate cut, concerns have already been voiced about the current strength of the Kiwi dollar. The currency is currently trading at...

Euro dips slightly against the dollar1 May at 9 AM

A meeting this week at the European Central Bank could result in a cut in interest rates in order to boost the economy. The International Monetary Fund is asking the central bank to drop the rate from its current level of 0.75 per cent as many countries in the bloc continue to struggle. The euro has dipped slightly against the US dollar as...

Aussie dollar takes a tumble24 Apr at 9 AM

The value of the Australian dollar has been hit by news that factory output in China shrank in April because of fewer export orders. As well as being an indication that the global economy is suffering, China is Australia’s largest trading partner. The Aussie has dropped to a six-month low of $1.0221. The Australian currency has also dipped...

Markets recover from gold price plunge17 Apr at 9 AM

The jitters sent across the markets after the recent record plunge in gold prices and Monday’s Boston Marathon bombings appear to be easing as investors return to selling off the yen and betting on riskier assets. The price of gold has begun to stabilise and although President Obama has labelled the bombings an act of terror it is now...

Dollar continues to perform well against yen10 Apr at 9 AM

Disappointing economic data from the UK and eurozone has seen the US dollar up against a number of its main rivals. The greenback is also trading close to 100 yen as the Bank of Japan confirms it will be pushing through with measures to combat deflation. The euro is down 0.02 per cent against its US rival to $1.3082 following an...

Sterling and euro suffer poor manufacturing data3 Apr at 9 AM

Sterling has inched lower against the dollar as the latest manufacturing data from the UK shows that activity in March shrank for the second month in a row. The pound is currently trading at $1.5086, a fall of 0.1 per cent. The British currency is also down against the New Zealand dollar to NZ$1.7942 having previously fallen to an all time...

Euro under pressure following Cyprus deal27 Mar at 9 AM

The US dollar appears to be holding its own against most other major currencies as the euro remains under pressure following a bailout deal with Cyprus. Traders became worried after Jeroen Dijsselbloem, head of the group of finance ministers known as Eurogroup, said the model that had been applied to Cyprus could be transferred to other...

Euro drops as Cyprus bailout terms refused20 Mar at 9 AM

The euro is continuing to suffer after Cyprus rejected bailout terms offered by the European Union. If a deal cannot be struck then there is the strong possibility that the Cyprus would be required to exit the eurozone, something that many analysts believe will not be allowed to happen because of the far reaching implications. As has...