The dollar was generally stronger Monday, staying near last week’s 4-year peak versus a basket of major rivals. Safe haven currencies such as the dollar were lifted by renewed conflict between Russia and the Ukraine, as well as lingering concerns about the global economy. Meanwhile, Russia’s central bank on Monday allowed the ruble to float
The dollar took a breather Friday, relenting after dramatic rally that drove the U.S. currency to its highest in more than 4 years. Traders struggled to assess a mixed U.S. jobs report and a slew of speeches from Federal Reserve officials including Chairman Janet Yellen. Data from the U.S. Labor Department showed non-farm payroll employment
The dollar paused Tuesday, as alarming economic news from Europe failed to help the resurgent greenback extend yesterday’s multi-year highs. In a report that may finally compel the European Central Bank to offer fresh stimulus, the European Commission lowered the euro area growth forecast for 2015 to 1.1 percent from 1.7 percent predicted in May.
The dollar continued to strengthen Monday, jumping to a fresh 4-year peak after upbeat manufacturing data reinforced belief in the U.S. economic recovery. Traders are now betting the Federal Reserve will raise interest rates a little early next year while central bankers in Europe and Japan offer additional stimulus. The Institute for Supply Management’s U.S.
The dollar skyrocketed to its highest in four years versus a basket of major rivals Friday, after the Bank of Japan’s surprising increase in economic stimulus gave global stocks a shot in the arm. In a 5-4 vote, the Policy Board led by Governor Haruhiko Kuroda decided to raise the monetary base at an annual
