The dollar plunged versus the euro on Tuesday hitting the pivotal $1.30 mark for the first time in two months. It was a rough day all around for the dollar, which dropped to a fresh 15-year low against the yen after Japanese Prime Minister Naoto Kan won a power struggle within his political party. Kan
The Canadian dollar traded higher against major currencies following the release of capacity utilization rate, labor productivity and new motor vehicle sales reports in early New York deals on Tuesday. Canadian capacity utilization continued to rise in the second quarter, when industries operated at 76% of the production capacity, official data revealed today. Statistics Canada
Tuesday in Asia, the Swiss franc jumped to near a 9- 1/2 -month high against the U.S. dollar. The franc also strengthened to a 1-week high against the pound and a 4-day high against the euro. Meanwhile, the franc recouped its early losses against the yen. The Swiss franc strengthened against the euro during Asian
Against its Mexican counterpart, the dollar traded lower during New York morning deals on Monday. At about 8:20 am ET, the pair touched 12.8449, which may be compared to last Friday’s closing value of 12.9274. This set a 3-week low for the US currency. Presently, the greenback is worth 12.86. Mexico’s industrial output increased less
The U.S. dollar traded lower against its major opponents in Asian deals on Monday as investors bet on risk-sensitive currencies on receding worries about the global economy after China reported encouraging economic reports over the weekend and global regulators agreed on new capital rules. The greenback declined to new multi-day lows against the euro and
