The dollar continued to surge higher versus other major rivals Friday, as a report showing robust U.S. jobs creation raised speculation the Federal Reserve will hike interest rates by next June. The Fed has pledged to keep rates near zero for a “considerable time,” but with the U.S. employment rate finally slipping below the central
The dollar continued its assault on the euro Friday, surging to its highest since November 2012 amid expectations that monetary policy in the U.S. and Europe will diverge. Today’s economic data from the U.S. raised expectations the Federal Reserve will raise interest rates ahead of schedule next Spring. A report from the U.S. Commerce Department
The dollar was steady Monday following its longest weekly winning streak in decades. The dollar index, which measures the U.S. currency’s performance against a basket of major rivals, was holding near its highest in two years, having risen ten weeks in a row. A furious rally versus yen lost a bit of steam today, but
The dollar remained mixed Thursday, surging to a fresh 6-year peak versus the yen but coming under heavy pressure against the sterling. The sterling was the day’s strongest currency amid indications that Scottish voters will vote to stay with the United Kingdom. The latest Ipsos MORI survey reveals the public split 53% to 47% against
The dollar wavered Tuesday, giving back some of its strong recent gains against European rivals ahead of a crucial monetary policy announcement from the Federal Reserve. The Fed is expected to end a two-day meeting tomorrow with a vote to further trim its quantitative easing program while keeping interest rates near zero. Traders will be
