During early European deals on Wednesday, the U.S. dollar remained under selling pressure against most major currencies as investors continued to sell the greenback after the Federal Reserve hinted yesterday that it is prepared to provide additional accommodation if needed to support the economic recovery. The Federal Reserve’s Federal Open Market Committee voted Tuesday to
During early Asian deals on Wednesday, the U.S. dollar has been extending its yesterday’s fall against most major currencies as the Federal Reserve held rates steady and hinted at the possibility of further quantitative easing if needed to support the economic recovery. The Federal Reserve’s Federal Open Market Committee voted Tuesday to continue to maintain
Monday in early European deals, the euro rose against the currencies of U.S., U.K. and Japan as European stocks soared in early trading as investors remained cautious ahead of Tuesday’s Federal Reserve meeting. The euro jumped to a 4-day high against the pound. But the euro pared its recent gains against the franc and thus
The British currency that traded at a 4-day low against the euro in early European trading on Monday fell to near an 8-week low after reports showed at 4:30 am ET that U.K.’s M4 money supply unexpectedly dropped in August and mortgage lending continued to slow in July. The pound also remained lower and traded
The dollar took a breather on the final day of a rough week, holding its ground against the yen while paring some recent losses against its European counterparts. A flurry of inflation data from both sides of Atlantic signaled prices remain in check, giving central bankers the green light to keep accommodative monetary policy in
