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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. #41
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    The dollar climbed to the highest in almost a month against the yen as signs of improvement in the U.S. economy buoyed speculation the Federal Reserve will soon start scaling back asset purchases.

    The greenback traded near the strongest level in almost a month versus the euro before a report today that may show factory orders gained by the most in three months, and ahead of data this week forecast to indicate a decline in the unemployment rate as companies in the world’s biggest economy continued to add jobs. Australia’s dollar weakened as the Reserve Bank flagged declines in the currency after keeping borrowing costs unchanged at a meeting today.
    “We’re of the view that the U.S. dollar continues to strengthen,” said Andrew Salter, a foreign-exchange strategist at Australia & New Zealand Banking Group Ltd. (ANZ) in Sydney. “The market will be very focused on any improvement in the labor force and the implications that has for monetary policy.”
    The dollar touched 99.87 yen, the highest since June 5, before trading at 99.84 as of 7:08 a.m. in London, 0.2 percent stronger than yesterday. It was unchanged $1.3064 per euro. The greenback touched $1.2985 on June 26, the strongest level since June 3. Europe’s shared currency traded at 130.42 yen from 130.19 after earlier climbing to 130.50, the highest since June 11. The Australian dollar lost 0.9 percent to 91.55 U.S. cents.

    source_http://www.bloomberg.com/news/2013-07-01/dollar-near-month-high-as-economic-gains-boost-fed-tapering-bets.html

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  3. #42
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    The dollar gained versus most of its major peers this week ahead of a U.S. report today that may show companies added enough jobs to lower the unemployment rate, boosting growth prospects for the world’s biggest economy.

    The greenback rose toward its strongest in more than a month against the yen, euro and pound while the Dollar Index touched a five-week high amid speculation improvement in the U.S. economy will prompt the Federal Reserve to curb stimulus. The euro and pound slid after European Central Bank President Mario Draghi and Bank of England Governor Mark Carney signaled they will keep borrowing costs at record lows.
    “The dovish comments from the ECB and BOE, together with a stronger payrolls report emphasize that the Fed will be the first of the major central banks to exit unconventional policy,” said Joseph Capurso, a Sydney-based currency strategist at Commonwealth Bank of Australia. (CBA) “That’s just going to support a further rise in the U.S. dollar.”
    The dollar rose 0.3 percent to 100.29 yen as of 1:25 p.m. in Tokyo after touching 100.86 on July 3, the highest since May 31. The U.S. currency gained 0.1 percent to $1.2901 per euro from yesterday, when it reached $1.2883, the strongest since May 29. The euro added 0.2 percent to 129.39 yen. The pound lost 0.2 percent to $1.5050 after earlier falling to $1.5028, the least since May 29.

    source_http://www.bloomberg.com/news/2013-07-04/dollar-gains-as-predicted-job-gains-fuel-fed-tapering-prospects.html

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  4. #43
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    The dollar declined versus most of its major peers after Federal Reserve Chairman Ben S. Bernanke said inflation and unemployment rates show the U.S. economy still requires very accommodative monetary stimulus.

    The Dollar Index tumbled before a report today that may show continuing jobless claims rose. That underscores views in minutes of the Fed’s last meeting released yesterday, which showed many policy makers want to see more signs that employment is picking up before they’ll begin slowing bond purchases. The yen held a gain after the Bank of Japan boosted its view of the economy. The Australian dollar touched a 4 1/2-year low versus its New Zealand peer after unemployment climbed.
    “The information that we have received overnight is important for the near-term direction for the U.S. dollar,” said Andrew Salter, a foreign-exchange strategist at Australia & New Zealand Banking Group Ltd. (ANZ) in Sydney. “We’ll see good opportunities over the next couple of days to buy into dollar weakness.” ANZ expects the greenback to trade at 105 yen and $1.37 per euro by Dec. 31, Salter said.
    The dollar slid 1.1 percent to $1.3116 per euro at 6:46 a.m. in London after earlier touching $1.3207, the weakest since June 21. It reached 98.27 yen, the least since June 27, before trading at 98.73 yen, 1 percent lower than yesterday. Japan’s currency lost 0.1 percent to 129.51 per euro.

    source_http://www.bloomberg.com/news/2013-07-10/dollar-falls-as-minutes-show-fed-wants-more-job-progress.html

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  5. #44
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    The dollar held its biggest decline against the yen in almost two weeks, after U.S. housing data underscored the need for Federal Reserve support even as the central bank considers reducing its economic stimulus.

    The U.S. currency was 0.2 percent from its weakest in a month versus the euro before data on home prices, following figures yesterday that showed residential sales unexpectedly fell. Fed Chairman Ben S. Bernanke told Congress last week that any reduction in stimulus would depend on the performance of the economy. Demand for the euro was supported ahead of data tomorrow forecast to show services and factory output in the region contracted at the slowest pace in more than a year.
    “The housing market is directly linked to the job market, and Bernanke says hiring must improve before the Fed can reduce stimulus,” said Yuji Saito, the director of foreign-exchange at Credit Agricole SA in Tokyo. “The Fed has succeeded in convincing markets there’s going to be quite some time between the end of tapering and the start of policy tightening,” pushing the dollar lower against the yen, he said.
    The U.S. currency fell 0.1 percent to 99.54 yen as of 1:10 p.m. in Tokyo after yesterday losing 1 percent, the biggest decline since July 10. It slipped 0.1 percent to $1.3199 per euro after yesterday touching $1.3218, the weakest since June 21. The yen was little changed at 131.38 per euro.

    source_http://www.bloomberg.com/news/2013-07-22/dollar-falls-second-day-versus-yen-as-fed-tightening-bets-recede.html

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  6. #45
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    The pound strengthened for a fifth day against the dollar, the longest winning streak in almost three months, after Prime Minister David Cameron said an improving economy may allow the government to cut taxes.

    The U.K. currency advanced versus 12 of its 16 major counterparts before a report this week that analysts say will show economic growth accelerated in the second quarter. The expansion of the financial services industry may create more than 250,000 jobs and fuel a 2 percent to 3 percent increase in gross domestic product, according to PricewaterhouseCoopers LLP. U.K. government bonds rose.
    “The data of late has been consistent with a gradually improving backdrop and something of a self-sustaining recovery,” said Jeremy Stretch, head of currency strategy at Canadian Imperial Bank of Commerce in London. “That’s providing a reasonable start to the week from a sterling perspective.”
    The pound rose 0.6 percent to $1.5365 at 4:55 p.m. London time after appreciating to $1.5377, the strongest level since level June 26. The winning streak is the longest since the period ended May 1. Sterling advanced 0.3 percent to 85.88 pence per euro.

    source_http://www.bloomberg.com/news/2013-07-22/pound-reaches-2-week-high-as-cameron-sees-improving-u-k-economy.html

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  7. #46
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    The Dollar Index fell, extending a third straight weekly decline, on speculation the Federal Reserve will reassure investors that policy will remain accommodative at next week’s meeting.

    The U.S. currency has dropped versus 15 of its 16 major counterparts since July 19 before reports next week predicted to show economic expansion in the second quarter and jobs growth in July slowed. A Wall Street Journal article yesterday said the Fed is likely to revise its guidance on rates when policy makers meet July 30-31. The yen briefly erased gains after Japan’s consumer prices excluding fresh food rose in June by the most since November 2008.
    “The market has got a little bit excited about any possible changes to guidance from the Fed on a more dovish note,” said Emma Lawson, a Sydney-based foreign-exchange strategist at National Australia Bank Ltd. “That has made the U.S. dollar weaker across the board.”
    The Dollar Index, which IntercontinentalExchange Inc. uses to track the greenback against currencies of six U.S. trading partners, fell 0.3 percent to 81.7 from yesterday as of 11:30 a.m. in Tokyo. It’s down 1.1 percent this week.
    The greenback fell 0.3 percent to 99.29 yen. It’s poised for a 1.6 percent drop this week. The U.S. currency was little changed at $1.3280 per euro from yesterday and 1 percent weaker than on July 19. The euro weakened 0.3 percent to 131.50 yen, set for a 0.6 percent weekly decline.

    source_http://www.bloomberg.com/news/2013-07-25/dollar-set-for-weekly-drop-versus-peers-before-fed-meeting-gdp.html

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  8. #47
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    The dollar rose the most in a week against the yen as investors awaited the release of minutes from the Federal Reserve’s July meeting for signals on when policy makers may curtail monetary stimulus.

    The U.S. currency strengthened for a third day against the Australian and New Zealand dollars amid speculation a potential reduction of the Fed’s bond purchases will cause funds to flow out of nations that offer higher yields. Indonesia’s rupiah slumped to a four-year low as emerging-market assets declined. The euro dropped for the first time in three days versus the dollar before reports on manufacturing and services tomorrow.
    “The minutes could refocus market attention back on the prospect of Fed tapering,” said Peter Dragicevich, a currency economist in Sydney at Commonwealth Bank of Australia (CBA), the nation’s largest lender. “That could see the U.S. dollar rebound over the next few days.”

    The dollar rose 0.3 percent 97.53 yen at 8:43 a.m. London time, the biggest advance since Aug. 13. The U.S. currency rose 0.2 percent to $1.3391 per euro. The euro was little changed at 130.61 yen.

    The Fed will publish today its July 30-31 meeting minutes that may offer clues on whether policy makers will start reducing their $85 billion of monthly bond purchases known as quantitative easing. The Federal Open Market Committee next gathers on Sept. 17-18 and will probably decide to reduce the program at that meeting, according to 65 percent of economists surveyed

    source_http://www.bloomberg.com/news/2013-08-20/dollar-halts-decline-against-yen-as-market-awaits-fed-minutes.html

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  9. #48
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    The dollar advanced versus most of its major counterparts before housing and employment data that may signal continued recovery in the U.S., boosting the case for a reduction in central bank stimulus.

    The Bloomberg U.S. Dollar Index touched the highest in more than two weeks after minutes of the Federal Reserve’s July meeting showed most committee members were “broadly comfortable” with Chairman Ben S. Bernanke’s plan to start reducing bond buying this year. The euro strengthened against the yen before data that may show a pickup in European manufacturing and services. The Australian dollar erased losses after a gauge of Chinese manufacturing indicated expansion.

    “The U.S. economy is slowly strengthening and tapering will occur and, regardless of the timing, both of those lend support to the U.S. dollar,” said Hans Kunnen, a senior economist at St. George Bank Ltd. in Sydney.

    The dollar added 0.6 percent to 98.23 yen as of 11:42 a.m. in Tokyo. It gained 0.2 percent to $1.3334 per euro after climbing 0.5 percent yesterday. Europe’s shared currency bought 130.98 yen, 0.4 percent stronger than the close in New York.

    The Bloomberg U.S. Dollar Index advanced 0.3 percent to 1,029.62, the highest level since Aug. 5.

    The U.S. Federal Housing Finance Agency will probably say today its house price index climbed 0.6 percent in June after a 0.7 percent advance the previous month

    source_http://www.bloomberg.com/news/2013-08-21/dollar-holds-gain-versus-major-peers-before-housing-claims-data.html

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  10. #49
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    The dollar strengthened against most of its 16 major counterparts as escalating tension in Syria exacerbated declines in developing-nation currencies.

    India’s rupee and Turkey’s lira both dropped to records as global stocks slumped. The yen fell for the first time this week against the dollar on speculation diverging monetary policy in Japan and the U.S. will spur weakness in the Asian nation’s currency. The pound slid to a three-week low against the euro before a speech by Bank of England Governor Mark Carney today.

    “Selloffs in emerging-market currencies are spurring buying of the greenback, lifting dollar-yen as well,” said Hiroshi Yoshida, a senior portfolio manager in Tokyo at MassMutual Life Insurance Co. “Because many investors expect higher dollar-yen in the medium to long term, they want to buy the pair when it falls to good levels.”

    The Bloomberg U.S. Dollar Index, which tracks the greenback against 10 major peers, advanced 0.2 percent to 1,026.92 as of 7:25 a.m. in London. The U.S. currency advanced 0.3 percent to 97.30 yen and rose 0.1 percent to $1.3383 per euro. The yen fell 0.2 percent to 130.24 per euro.

    Source_http://www.bloomberg.com/news/2013-08-27/yen-holds-biggest-gains-in-2-1-2-months-as-syria-tension-mounts.html

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  11. #50
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    The dollar reached the highest in four weeks against a basket of its peers before data forecast to show U.S. consumer spending rose for a third month, building the case for the Federal Reserve to reduce stimulus next month.

    The greenback headed for a third weekly advance after data showed the U.S. economy grew faster than analysts forecast. Turkey’s lira rose for a second day as concern receded of an imminent strike against its neighbor Syria. South Korea’s won was set for a five-day gain versus its 16 major counterparts as data showed the nation’s industrial production unexpectedly rose. The yen strengthened earlier amid speculation the country’s exporters are repatriating earnings.

    “The main scenario in the market is for the Fed to start tapering in September, especially after the substantial upgrade to U.S. growth,” said Noriaki Murao, the managing director of the marketing group in New York at the Bank of Tokyo-Mitsubishi UFJ Ltd. “That’s given the dollar a boost.”

    The Bloomberg U.S. Dollar Index, which tracks the greenback against 10 major peers, was at 1,033.30 as of 6:33 a.m. in London from yesterday, after earlier touching 1,034.23, the highest since Aug. 2. It has gained 0.7 percent this week and by about the same amount this month.

    The U.S. currency slipped 0.1 percent to 98.28 yen from yesterday, when it advanced 0.7 percent, the most since Aug. 22. The greenback was at $1.3243 per euro, following a 0.7 percent advance yesterday to $1.3241. The yen was little changed at 130.17 per euro from 130.22.

    The dollar has strengthened 1.1 percent against the euro this week and 0.5 percent this month. It depreciated 0.4 percent against the yen in the five days through today, paring its gain in August to 0.4 percent

    source_http://www.bloomberg.com/news/2013-08-29/dollar-touches-4-week-high-versus-peers-on-september-taper-bets.html

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