Currencies

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The dollar rose sharply versus the euro Wednesday amid signs of further strain in Europe's already fragile banking sector. A report from Spanish newswire EFE said as many as 11 banks from six different countries are about to fail the European Central Bank's comprehensive stress tests. The ECB...

USD-JPY-10214.jpg The U.S. dollar extended its early rally against most major counterparts on Wednesday, after consumer price inflation in the U.S. unexpectedly showed a modest increase in September, as the continued decline in energy prices were offset by higher prices for food and shelter. The Labor Department report...

The dollar was generally stronger Tuesday, pushing higher versus major European rivals on hopes the U.S. economy can withstand global headwinds. Upbeat corporate earnings and resiliency in the U.S. jobs market has renewed expectations the Federal Reserve will hike interest rates next spring, even...

The dollar was little changed on Friday, holding weekly losses against the euro and yen after a number of Federal Reserve officials said they preferred to hold down interest rates for the foreseeable future. St. Louis Federal Reserve Bank President James Bullard went even further Thursday, saying...

The dollar steadied Thursday after a pair of surprisingly upbeat economic reports re-kindled talk of an interest rate hike early next year. After days of data pointing to a slowdown in the global economy, markets finally received some encouraging news this morning as the Labor Department said U.S....

The dollar was significantly weaker Wednesday as U.S. stocks continued their sell-off on Wall Street amid growing fears of a global economic slowdown. A downbeat U.S. retail sales helped drive the dollar lower, as traders bet the Federal Reserve will delay an interest rate beyond next Spring. U.S....

USDJPY1-101514.jpg The U.S. dollar weakened versus major counterparts on Wednesday, after data showed that the nation's retail sales declined more than forecast in September, while producer prices fell unexpectedly, pushing back expectations of an early rate hike by the Federal Reserve. According to a report released...

The dollar rallied versus the euro Tuesday, moving back toward 2-year highs from earlier this month, amid more dismal economic news from Germany. The German government has slashed its growth forecasts for this year and next, citing numerous economic headwinds including sanctions on Russia and weaker...

The dollar wavered Monday amid mixed signals from Federal Reserve officials on the prospect of an interest rate hike early next year. Noted hawk Charles Plosser, a voting member on the policymaking Federal Open Market Committee, warned that the Fed's fixation on promoting employment via ultra-accommodative...

The dollar rallied Friday, moving back toward recent 4-year highs amid forecasts showing U.S. the economy will outperform Europe and most of Asia. This week's Federal Reserve minutes renewed doubts that the Fed will soon raise U.S. interest rates from record lows, but markets are growing ever certain...

The dollar continued to fall versus the yen but stabilized against European rivals Thursday as stocks plunged on concerns about the health of the global economy. Coming off a furious multi-month rally that drove the U.S. currency to its highest in four years, the dollar has tailed off this week in...

The dollar weakened from near 4-year highs Wednesday as the minutes from the most recent Federal Reserve meeting revealed deep concerns about the pace of the global recovery. The Fed staff slashed its economic growth outlook due to a surging dollar. Some members said the stronger currency will hurt...

The dollar was slightly weaker versus major rivals Tuesday, ahead of the closely-watched minutes of the September's Federal Reserve meeting tomorrow afternoon. Speculation that the Fed may raise interest rates earlier than previously anticipated, perhaps as early as next spring, recently drove the...

AUD-USD-100714.jpg The Australian dollar weakened against the other major currencies in the Asian session on Tuesday following the announcement by the Reserve Bank of Australia its decision to keep its cash rate unchanged, as expected, at its October meeting. The monetary policy board retained the cash rate at 2.50...

The dollar fell sharply Monday, falling from 4-year highs against a basket of major rivals amid speculation recent gains were overdone. Following the dollar's longest winning streak on record, traders will be looking for hints from the Federal Reserve about the outlook for raising interest rates. On...