Currencies

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The dollar surged to its highest in six months versus major rivals on Wednesday, as a blockbuster U.S. GDP reading furthered expectations the Federal Reserve will raise rates sooner than expected. The Fed maintained its monetary policy today and offered few clues that it intends to hike rates anytime...

USDCHF-073014.jpg The U.S. dollar extended its early rally against its major counterparts on Wednesday, as the U.S. economy rebounded strongly in the second quarter, after a winter lull. Traders await the outcome of the U.S. Federal Reserve's monetary policy meeting scheduled later in the day. The preliminary report...

The dollar continued to strengthen against European rivals Tuesday as the Federal Reserve kicked off its two-day policy meeting in Washington, DC. Amid the backdrop of positive economic data, the Fed is widely expected to further trim its once-massive bond-buying plan by $10 billion per month. Traders...

The dollar was virtually unchanged versus major rivals on Monday after solid gains last week. Traders moved to the sidelines in anticipation of a flurry of key economic news, including the Federal Reserve's interest rate decision and the U.S. jobs report for July. The Fed's decision on Wednesday...

The dollar continued to strengthen against major rivals on Friday, touching a new 8-month peak versus the euro amid downbeat German economic data. A reading on German business confidence fell short of expectations, sparking fresh concerns about the pace of euro zone growth. Traders are betting...

EURUSD-072514.jpg The U.S. dollar extended early rally, touching a multi-month high against the euro, in New York deals on Friday as the nation's durable goods orders grew more-than-expected in June, adding to optimism over strength of the economy. Data from the Commerce Department showed that U.S. durable goods orders...

The dollar was generally stronger on Thursday, holding near an 8-month peak versus the euro after a surprisingly positive U.S. jobless claims report. U.S. initial jobless claims unexpectedly fell to their lowest level in over eight years in the week ended July 19th. Initial jobless claims slid...

NZD-USD-072414.jpg The New Zealand dollar tumbled against the other major currencies in Asian deals on Thursday, as Reserve Bank of New Zealand governor Graeme Wheeler warned that the level of the domestic currency cannot be justified and "there is potential for a significant fall." The central bank decided to raise the...

The dollar sustained its recent advance versus the euro on Wednesday, holding near an 8-month peak on a day bereft of first-tier economic news. Geopolitical issues have put a premium on the safe haven dollar and yen this week, even as global equities continued to rise. The dollar touched $1.3460...

aud-usd-071314.jpg The Australian dollar strengthened against the other major currencies in the Asian session on Wednesday after data showed that the nation's consumer prices improved in line with economists expectations in the second quarter. The Australian Bureau of Statistics said that consumer prices in Australia...

The dollar rose to its highest in eight months versus the euro on Tuesday as official data showed U.S. inflation continues to pick up. the Labor Departement said consumer prices rose a seasonally adjusted 0.3 percent in June on higher gasoline prices, after rising 0.4 percent in May. That was in line...

The dollar was virtually unchanged against major rivals on Monday amid a lack of catalysts. On a day shy of first-tier economic data, traders were keeping an eye on the potentially explosive situation in Ukraine following Thursday's fatal crash of a Malaysia Airlines passenger plane. In the meantime,...

The dollar on Friday neared its highest levels against the euro since early February amid rising tensions between Russia and the West. The Russian military supplied a Buk surface-to-air missile system to pro-Russian rebels who used it to bring down a passenger jet over Ukraine, a senior U.S. defense...

The dollar was mixed Thursday, holding recent gains versus the euro amid reports that a Malaysia Airlines passenger plane was shot down over Ukraine. It is believed that all 280 passengers and crew have perished in the crash. Early reports indicate terrorists may have brought down the plane using...

The dollar was generally stronger on Wednesday, pushing near its highest in five months against the euro amid a second day of testimony from Fed Chair Janet Yellen. Yellen once again signaled that interest rates may rise sooner than forecast if inflation and the U.S. economy continue to pick up. Speaking...