The dollar was little changed for a second day in a row Friday despite a flurry of U.S. economic data and dovish rhetoric from a Federal Reserve official. Most of today’s news cemented expectations that the Fed will keep interest rates at or near zero for at least another year. Consumer sentiment in the U.S.
The Malaysian Ringgit came off from an early high against the U.S. dollar in Asian deals on Tuesday. The ringgit was worth 3.1958 against the greenback, compared to a 6-day high of 3.1923 hit in previous deals. The pair ended Monday’s trading at 3.1978.
The dollar continued its assault on the euro Tuesday, jumping to a new multi-month peak amid disappointing euro zone economic data. European PMI surveys showed weakness in the Italian service sector, cementing expectations of further stimulus from the European Central Bank. The ECB makes its next policy decision Thursday, and while few economists expect any
The dollar rose to its highest levels of 2014 versus a basket a major rivals on Friday, as traders sifted through a mixed pile of U.S. economic data. Safe haven currencies like the dollar and yen performed well this week amid a rout in global equities and renewed concerns about the European banking sector. The
The dollar leveled off from recent gains against European rivals on Thursday, as traders continued to weigh yesterday’s remarks from the Federal Reserve. The Fed maintained its current monetary policy and offered a mixed assessment of the labor market despite a significant drop in the U.S. unemployment rate this year. Meanwhile, first-time claims for U.S.
