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The dollar dropped initially after Federal Reserve Chair Janet Yellen made some hawkish comments during her speech late this morning, but quickly reversed and has turned sharply higher. Yellen stated that the case for another interest-rate hike has strengthened recently. Her comments propelled the U.S....

The U.S. dollar reversed from its recent highs and fell back against its major counterparts in New York trading on Friday, despite hawkish remarks from Federal Reserve Chairman Janet Yellen hinting at the chances for another interest rate hike in coming months. "In light of the continued solid performance...

Following the release of the University of Michigan's final estimate of its U.S. consumer sentiment for August at 10 am ET Friday, the greenback climbed against its major rivals. The greenback was trading at 1.1246 against the euro, 100.64 against the yen, 0.9708 against the franc and 1.3182 against...

The University of Michigan is set to release the final estimate of its U.S. consumer sentiment for August at 10 am ET Friday. Economists expect the index to be upwardly revised to 90.7 from 90.4 in July. Ahead of the data, the greenback traded mixed against its major rivals. While the greenback held...

The New Zealand dollar gained ground against the other major currencies in New York morning trading on Friday. The kiwi climbed to 0.7368 against the greenback, highest since May 2015, from a low of 0.7290 hit at 5:00 pm ET. The kiwi strengthened to new 2-week highs of 1.5343 against euro and 73.82...

Erasing early losses, the Australian dollar traded higher against most major rivals in early New York trading on Friday. The aussie climbed to a 3-day high of 0.9874 against the loonie and an 8-day high of 1.4731 against the euro, off its early lows of 0.9834 and 1.4816, respectively. The aussie...

The Commerce Department has released its preliminary second quarter GDP data at 8:30 am ET Friday. The greenback traded mixed against its major counterparts after the data. While the greenback rose against the euro and the franc, it changed little against the yen and the pound. The greenback was...

The Commerce Department is scheduled to release its preliminary second quarter GDP data at 8:30 am ET Friday. Economists expect the growth for the quarter to be downwardly revised to 1.1 percent from 1.2 percent. Ahead of the data, the greenback traded mixed against its major rivals. While the greenback...

The Canadian dollar drifted higher against most major counterparts in European trading on Friday. The loonie rose to a 2-day high of 1.4543 against the euro, 4-day high of 77.97 against the yen and a 3-day high of 1.2877 against the greenback, from its early lows of 1.4583, 77.76 and 1.2922, respectively....

The Swiss franc came off from its early highs against its most major counterparts in European trading on Friday. The franc fell back to 1.0923 against the euro, heading to pierce more than 2-week low of 1.0924 hit at 6:45 pm ET. This may be compared to an early high of 1.0899. The franc retreated...

The pound remained strong against its key counterparts in European trading on Friday, after data showed that U.K. economy expanded at a faster pace in the second quarter as previously estimated, in run-up to the EU referendum. The second estimate from the Office for National Statistics showed that...

Following the release of the second estimate of U.K. second quarter GDP data at 4:30 am ET Friday, the pound rose slightly against its major opponents. The pound was trading at 0.8537 against the euro, 1.2771 against the franc, 1.3222 against the greenback and 132.84 against the yen around 4:32 am ET.

At 4:30 am ET Friday, the Office for National Statistics is scheduled to publish U.K. GDP data. According to preliminary estimate, the economy expanded 0.6 percent sequentially in the second quarter. Ahead of the data, the pound climbed against its major opponents. The pound was worth 0.8541 against...

The U.S. dollar fell against its major counterparts in pre-European trading on Friday, as investors await rate hike clues from Fed chair Janet Yellen in her speech in Jackson Hole symposium later today. Investors are looking for hints about trajectory of interest rate hike from Yellen's address against...

The U.S. dollar drifted lower against its major opponents in pre-European deals on Friday. The greenback fell to a 2-day low of 1.1308 against the euro at 2:15 am ET, compared to Thursday's closing value of 1.1279. The greenback reversed from an early high of 100.59 against the yen and was trading...

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