The dollar is losing ground against all of its major competitors Monday. Early gains against both the Euro and the pound have eroded as concerns over a Greek default have eased a bit. Negotiations between Greece and its creditors broke down over the weekend. The country faces a crucial 1.6 billion euro payment to the
The dollar is attempting to rebound Thursday afternoon from a decline that began after the Federal Reserve concluded its monetary policy meeting yesterday afternoon. The U.S. currency had been weakening since the release of what has been deemed a dovish statement by the central bank. Meanwhile, investors continue to keep an eye on the situation
The Australian dollar recovered from its recent lows against the other major currencies in the Asian session on Tuesday. The Australian dollar rose to a 1-week high of 95.99 against the yen and a 5-day high of 0.7779 against the U.S. dollar from recent lows of 95.54 and 0.7742, respectively. Moving away from a recent
The Japanese yen strengthened against the other major currencies in the Asian session on Monday amid rising aversion, as upbeat U.S. jobs data released on Friday raised concerns about the outlook for U.S. interest rates. Data from the Labor Department showed Friday that the non-farm payroll employment jumped by 280,000 jobs in May, compared to
The Australian dollar rose further against the other major currencies in the late Asian session on Tuesday, after the Reserve Bank of Australia kept its key interest rate at a record low. The policy board governed by Glenn Stevens decided to leave the cash rate at 2.00 percent as widely expected by economists. The bank
