The U.S. dollar has held on to most of the modest gains seen in recent days as it moved away from longer-term lows against the other majors. Currencies are expected to be a hot topic as World leaders meet starting today for the G20 Summit in South Korea The dollar jumped to its best level
The European single currency bounced back from previous session’s downtrend against major opponents during European trading on Tuesday. Earlier in the day, the Federal Statistical Office reported that German consumer price index, or CPI, rose 1.3% year-on-year, unchanged from September. That confirmed a preliminary estimate released on October 27. After touching 11-day lows of 1.3825
During early Asian deals on Monday, the U.S. dollar climbed to multi-day highs against most major currencies on Friday’s strong U.S. jobs data. The US economy generated more than 150,000 jobs in October, with significant positive revisions to the jobs data from the previous two months, the Labor Department revealed Friday. Non-farm payrolls rose by
The European common currency traded lower against major opponents after the release of some economic reports during late European deals on Friday. The euro dropped to a 2-week low against the franc and multi-day lows versus the yen and the pound. Eurozone retail sales fell 0.2% month-on-month in September, Eurostat said today. Economists had forecast
The U.S. dollar that largely moved sideways against most major currencies in Asian deals on Thursday weakened during early European session as stocks and commodities climbed after the Federal Reserve’s decision yesterday to provide further economic stimulus. The Federal Reserve pledged to buy $600 billion more in government bonds by the middle of next year
