The dollar continued to strengthen against major rivals on Friday, touching a new 8-month peak versus the euro amid downbeat German economic data. A reading on German business confidence fell short of expectations, sparking fresh concerns about the pace of euro zone growth. Traders are betting the European Central Bank will announce additional stimulus measures
The dollar sustained its recent advance versus the euro on Wednesday, holding near an 8-month peak on a day bereft of first-tier economic news. Geopolitical issues have put a premium on the safe haven dollar and yen this week, even as global equities continued to rise. The dollar touched $1.3460 versus the euro, having hit
The dollar on Friday neared its highest levels against the euro since early February amid rising tensions between Russia and the West. The Russian military supplied a Buk surface-to-air missile system to pro-Russian rebels who used it to bring down a passenger jet over Ukraine, a senior U.S. defense official told CNN. 298 people died
The Australian dollar climbed against the other major currencies in Asian deals on Monday, as sentiment improved after concerns over soundness of banking sector in Portugal faded, and traders await testimony on monetary policy by Fed Chair Janet Yellen and European Central Bank President Mario Draghi due this week. Concerns over Portugal’s Banco Espirito had
The dollar strengthened against its European rivals on Thursday amid concerns about trouble for some of Portugal’s top banks. Portuguese conglomerate Espírito Santo International this week delayed payments to some of the holders of its short-term debt securities. The news renewed worries about the health of the European banking system and the region’s sluggish economy.
