The dollar is weakening against all of its major competitors Tuesday, following the release of a pair of disappointing economic reports. Retail sales and import & export prices both came in weaker than anticipated this morning. Investors are also playing it cautious ahead of Federal Reserve Chair Janet Yellen’s 2-day testimony before the U.S. Congress,
The Australian dollar strengthened against the other major currencies in the Asian session on Monday. The Australian dollar rose to 0.7467 against the U.S. dollar, from an early 4-day low of 0.7408. At Friday’s close, the aussie was trading at 0.7432 against the greenback. Against the yen, the euro and the Canadian dollar, the aussie
The dollar is gaining ground against its major competitors Thursday. Global economic concerns have eased today after the Chinese stock market staged a strong comeback and investors remain optimistic that a Greek solution can be found. Most Federal Reserve members are not ready to raise interest rates, according to the minutes of the June Federal
The dollar is turning in a mixed performance against its major competitors at the start of the new trading week. The U.S. currency is slightly higher against the Euro, but is down in comparison to the pound sterling and the Japanese Yen. Economic data was relatively light today. Activity in the U.S. service sector expanded
The Australian dollar weakened against the other major currencies in the Asian session on Thursday. The Australian dollar fell to a 3-day low of 0.7628 against the U.S. dollar, from yesterday’s closing value of 0.7643. Pulling away from a early high of 94.42 against the yen, the aussie dropped to 94.14. Against the euro and
