The dollar gained on the euro Monday, staying near its highest since February amid expectations the European Central Bank will delivery monetary easing later this week. A flurry of disappointing manufacturing news out of the euro zone all but assures that ECB policy makers will announce stimulus on Thursday. The dollar rose to $1.3590 from
The dollar weakened on Friday, giving back some recent gains versus the euro ahead of next week’s crucial European Central Bank Meeting. The ECB is widely expected to inject substantial cash into the euro zone economy in an attempt to combat deflation. Still, the euro managed to steady amid a flurry of economic news from
The yuan weakened against the U.S. dollar in the Asian session on Wednesday. Against the greenback, the yuan fell to more than a 3-week low of 6.2623, down from yesterday’s closing quote of 6.2475. If the yuan extends its downtrend, it is likely to find support around the 6.27 zone. The People Bank of China
The dollar was generally stronger for a second day in a row Friday, helped by another encouraging report on the U.S. housing sector. A report from the U.S. Commerce Department showed that new home sales jumped by a more than expected 6.4 percent to a seasonally adjusted annual rate of 433,000 in April, from the
The Australian dollar weakened against the most major currencies in the late Asian session on Monday. The Australian dollar fell to a 4-day low of 1.0160 against the Canadian dollar. The pair closed last week’s deals at 1.0169. Against the yen, the Australian dollar slipped to 94.86, from early multi-day high of 95.20. The pair
