The dollar weakened Friday, unable to sustain much direction over the course of the week amid uncertainty about the timing of a U.S. interest rate hike. The Federal Reserve may provide some clarity next Wednesday with the release of their latest monetary policy statement. Markets expect the Fed to fully wind down their once-massive quantitative
The Malaysian ringgit weakened against the U.S. dollar in the Asian session on Thursday. Against the greenback, the ringgit fell to a 2-day low of 3.2655. At yesterday’s close, the ringgit was trading at 3.2625 against the greenback. If the ringgit extends its downtrend, it is likely to find support around the 3.27 area.
The dollar was little changed on Friday, holding weekly losses against the euro and yen after a number of Federal Reserve officials said they preferred to hold down interest rates for the foreseeable future. St. Louis Federal Reserve Bank President James Bullard went even further Thursday, saying that the Fed should consider extending its bond-buying
The dollar was significantly weaker Wednesday as U.S. stocks continued their sell-off on Wall Street amid growing fears of a global economic slowdown. A downbeat U.S. retail sales helped drive the dollar lower, as traders bet the Federal Reserve will delay an interest rate beyond next Spring. U.S. retail sales fell dropped 0.3 percent last
The euro weakened against the other major currencies in New York deals on Thursday, as U.S. stocks fell amid profit taking and due to corporate earnings. Markets are also looking ahead to a speech from European Central Bank President Mario Draghi at 11 am ET in Washington, where he is participating in a panel discussion
