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  1. #1
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    American Dollar

    The dollar fell to the lowest versus the euro since November 2011 as a strengthening U.S. jobs market and expectations the Federal Reserve will sustain stimulus to ensure the recovery boosted investors’ risk appetite.

    The shared currency rose against most major peers as separate data showed European manufacturing at its highest level in almost a year. The yen sank to a 2 1/2-year low amid bets Japanese Prime Minister Shinzo Abe will pick a new central-bank governor who will boost stimulus.


    source_http://www.bloomberg.com/news/2013-02-01/dollar-weakens-as-increase-in-u-s-payrolls-boosts-risk-appetite.html

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  2. #21
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    The dollar was set to gain against all of its 16 major peers this week before data forecast to show improvement in the U.S. economy.

    The greenback rose toward a six-week high against the euro before the Federal Reserve releases on May 22 minutes of its last meeting, when policy makers said they may alter the pace of monthly bond purchases. Fed Bank of San Francisco President John Williams said yesterday the central bank may begin tapering off buying as early as this summer. The yen headed for a third weekly loss before the Bank of Japan meets next week.
    “Considering Williams’ comments, the risk is that the Fed minutes next week will also have a hawkish feel to it and the dollar will rise,” said Yuki Sakasai, a New York-based foreign-exchange strategist at Barclays Plc. “The U.S. economic data and comments from Fed speakers will be a focus.”

    source_http://www.bloomberg.com/news/2013-05-16/dollar-set-for-weekly-gains-against-majors-before-fed-minutes.html

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  3. #22
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    The dollar traded near the strongest in more than six weeks against the euro amid bets the Federal Reserve will slow asset purchases on signs the world’s biggest economy is accelerating.

    The greenback rose versus all of its 16 most-traded peers last week as U.S. retail sales unexpectedly gained and a consumer-confidence gauge climbed. The euro dropped against the dollar by the most in almost two months as the currency bloc’s economy shrank for a sixth straight quarter. The dollar declined against the yen today, retreating from a more than four-year high. Fed Chairman Ben S. Bernanke testifies to Congress this week on the economic outlook.
    “There’s been a lot of excitement about the U.S. economic data,” Vassili Serebriakov, a foreign-exchange strategist at BNP Paribas SA in New York, said in a telephone interview May 16. “So far, the interpretation of any tapering has been quite hawkish. The dollar is riding on optimism rather than a significant shift in fundamentals.”
    The U.S. currency was at $1.2843 per euro as of 5:30 a.m. in Tokyo, after strengthening 1.2 percent to $1.2839 last week in New York, the biggest advance since the five days ended March 29. It touched $1.2797 on May 17, the strongest since April 4. The dollar slid 0.4 percent to 102.81 yen after reaching 103.31 at the end of last week, the strongest level since October 2008.

    source_http://www.bloomberg.com/news/2013-05-19/dollar-near-six-week-high-against-euro-on-bets-fed-set-to-taper.html

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  4. #23
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    The dollar held declines against the euro before Federal Reserve Chairman Ben S. Bernanke addresses Congress amid speculation the U.S. hasn’t recovered fast enough to warrant reduction in monetary stimulus.

    The greenback weakened yesterday after St. Louis Fed President James Bullard said the central bank should keep buying bonds, and New York Fed President William Dudley said it had previously been overly optimistic about growth.
    The dollar was little changed at $1.2910 per euro as of 7:07 a.m. in London after declining 0.5 percent over the past two days. It was at 102.61 yen from 102.50 yesterday, after reaching 103.31 on May 17, the strongest since October 2008.

    source_http://www.bloomberg.com/news/2013-05-21/dollar-lower-after-two-day-drop-versus-euro-before-bernanke.html

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  5. #24
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    The dollar rose against most major peers after Federal Reserve Chairman Ben S. Bernanke said the central bank may taper monthly bond purchases at its next few meetings if it’s confident of sustained gains in the economy.

    The greenback fell earlier to a one-week low versus the euro as Bernanke told Congress the U.S. economy remains hampered by high unemployment and government spending cuts, and tightening policy too soon would endanger the recovery. The franc fell to a two-year low versus the euro after Swiss National Bank President Thomas Jordan said an adjustment of the currency’s cap was possible.
    “As soon as his conversation shifted toward the timing of a tapering, effectively of a dial-down in purchases,” the dollar began to rally, Alan Ruskin, the New York-based global head of Group of 10 foreign-exchange strategy at Deutsche Bank AG, said in a telephone interview. “We’re notching up another notable day where the dollar is up against everything, and it’s giving you that almost universal strong-dollar story.”

    source_http://www.bloomberg.com/news/2013-05-22/dollar-advances-as-bernanke-says-fed-may-taper-soon.html

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  6. #25
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    The dollar rose against most of its major peers before U.S. data today that economists say will show consumer confidence improved and home prices gained.

    The Dollar Index climbed amid prospects improving U.S. fundamentals will prompt the Federal Reserve to taper its monthly bond purchases of $85 billion. The yen snapped a three-day advance versus the euro as Asian stocks rose and after the Bank of Japan estimated a key component of funds in the nation’s economy reached a record amid unprecedented stimulus.
    “This is an unsustainable pace of Fed purchases, and we have to accept that’s not good monetary policy, so I think tapering does start in the fourth quarter this year,” said Robert Rennie, chief currency strategist at Westpac Banking Corp. (WBC) in Sydney, referring to a reduction in U.S. monetary stimulus. “On a medium-term basis, the dollar is a buy.”
    The greenback jumped 1 percent to 101.97 yen as of 6:37 a.m. in London from yesterday and added 0.1 percent to $1.2923 per euro. The yen slid 0.9 percent to 131.78 per euro.

    source_http://www.bloomberg.com/news/2013-05-27/yen-bullish-bets-climb-to-two-month-high-on-bond-market-concern.html

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  7. #26
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    The dollar gained versus the euro and the yen as reports showed U.S. consumer confidence reached the highest level since 2008 and home values climbed, bolstering bets the Federal Reserve will slow its bond buying.

    “Confidence today was quite good, which could help the economic outlook,” Brian Kim, a foreign-exchange strategist at Royal Bank of Scotland Group Plc’s RBS Securities unit in Stamford, Connecticut, said in a telephone interview. “But ultimately the Fed outlook still hinges on what we see in terms of inflation.”
    The dollar appreciated 0.6 percent to $1.2856 per euro at 5 p.m. New York time. The greenback strengthened 1.4 percent to 102.37 yen after reaching 103.74 on May 22, the strongest level since October 2008. The Japanese currency slid 0.8 percent to 131.59 per euro.


    source_http://www.bloomberg.com/news/2013-05-28/yen-drops-after-abe-adviser-says-boj-can-do-more-aussie-climbs.html

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  8. #27
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    The dollar headed for a monthly gain against all of its 16 major counterparts amid prospects the Federal Reserve will curb monetary stimulus as the U.S. economy improves.

    The Dollar Index was about 1 percent from the almost three-year high reached earlier this month ahead of U.S. data on first-quarter growth today. The yen held gains after data showed Japanese were net sellers of foreign debt for a second week. Australia’s dollar rallied after data showed an unexpected gain in building permits. A gauge of expected swings in Group-of-Seven currencies climbed to a three-month high.
    “The dollar will be resilient,” said Daisaku Ueno, a senior foreign-exchange and fixed-income strategist at Mitsubishi UFJ Morgan Stanley Securities Co. in Tokyo. “The U.S. appears to be the closest to an exit strategy among major economies,” he said, referring to monetary stimulus.
    The dollar was at 101.04 yen as of 1:04 p.m. in Tokyo from 101.16, having risen 3.7 percent since the end of April. The yen was little changed at 130.94 per euro after earlier gaining as much as 0.4 percent. Europe’s 17-nation currency advanced 0.1 percent to $1.2959, trimming its monthly slide to 1.6 percent.

    source_http://www.bloomberg.com/news/2013-05-29/yen-remains-higher-amid-declines-in-global-stocks-boj-concern.html

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  9. #28
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    The dollar dropped to a three-week low versus the euro as the U.S. economy expanded less than previously estimated and jobless-benefit claims rose, reducing speculation the Federal Reserve will cut back on stimulus.

    The yen strengthened versus the greenback after Reuters reported Japan’s public pension fund may allow its investment in domestic stocks to grow, citing unnamed people familiar with the matter. Sweden’s krona rallied versus all of its 16 most-traded counterparts tracked by Bloomberg. A gauge of currency-price swings climbed to the highest level in almost a year.
    “The data this morning is weighing on the dollar,” Omer Esiner, chief market analyst in Washington at the currency brokerage Commonwealth Foreign Exchange Inc., said in a telephone interview. “It’s prompting investors to pare back exposure on the dollar a little bit. But while the data was a little worse than expected, it’s probably not enough to derail talk of Fed tapering just yet.”
    The U.S. currency slid 0.8 percent to $1.3050 per euro at 5 p.m. New York time. It touched $1.3061, the weakest level since May 9, crossed 50- and 200-day moving averages and pared a monthly advance to 0.9 percent. The dollar lost 0.4 percent to 100.73 yen. It touched 100.47, also the weakest since May 9, when the Japanese currency depreciated past 100 for the first time in four years. The euro gained 0.4 percent to 131.43 yen.

    source_http://www.bloomberg.com/news/2013-05-29/yen-remains-higher-amid-declines-in-global-stocks-boj-concern.html

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  10. #29
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    The U.S. dollar was supported amid speculation the Federal Reserve will reduce its unprecedented monetary stimulus. Fed Chairman Ben S. Bernanke said last month policy makers could cut the pace of its bond buying if they see indications of sustained economic improvement.

    The Tempe, Arizona-based Institute for Supply Management’s manufacturing index, was probably unchanged at 50.7 last month, according to the median estimate in a Bloomberg survey of economists before the report due today. ADP Research Institute will probably say the pace of hiring in the U.S. quickened by 46,000 to 165,000 in May from the previous month, a separate poll showed.
    “The U.S. dollar is going to continue on a firming trend, helped by a stronger U.S. economy and the eventual tapering off of Fed policy,” said RBS’s Gibbs. “The market will continue to watch U.S. data closely from here.”

    source_http://www.bloomberg.com/news/2013-06-02/euro-holds-losses-before-manufacturing-data-aussie-rises.html

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  11. #30
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    The dollar remained below 100 yen after falling past the level for the first time in almost a month yesterday as investors weighed whether the U.S. recovery is robust enough for the Federal Reserve to scale back stimulus.

    The Dollar Index reached an almost one-month low yesterday after a report showed U.S. manufacturing contracted in May at the fastest pace in four years. Private data tomorrow may show the pace of hiring in the world’s largest economy quickened. Australia’s dollar held declines after the nation’s Reserve Bank signaled scope to ease further. South Korea’s won strengthened while the Turkish lira held a five-day slide.
    “The QE exit hinges on the recovery in the labor market, so the jobs data this week would be key,” said Noriaki Murao, a managing director of the marketing group at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, referring to the Fed’s quantitative-easing program. “It’s too early to say the long-term weakening trend in the yen has ended.”
    The dollar recovered 0.4 percent to 99.88 yen at 6:52 a.m. in London from yesterday, when it touched 98.87, the lowest since May 9. The yen’s four-day, 2.8 percent gain against the greenback was the biggest since July 2011. The euro slid 0.1 percent to $1.3065 from yesterday, when it reached $1.3108, the strongest since May 9. Europe’s shared currency added 0.3 percent to 130.49 yen.

    source_http://www.bloomberg.com/news/2013-06-03/dollar-below-100-yen-as-data-dims-view-fed-to-cut-buying.html

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