The dollar steadied on Friday after a significant rise in U.S. producer prices renewed speculation the Federal Reserve will hike interest rates ahead of schedule. Earlier this week, the Fed signaled they are in no hurry to tighten monetary policy. Today’s inflation data, however, could be a game changer for policy makers on the fence
The dollar was little changed on Thursday after broad weakness in the previous session. A slew of economic data included some relatively good news from the U.S. jobs front, as initial jobless claims fell to the lowest since May 2007. Dismal Chinese export figures and a significant drop in U.S. stock prices boosted the dollar’s
The dollar weakened on Monday as traders continued to assess the latest economic news from the U.S. Friday’s slightly disappointing March jobs report has raised suspicions that the Federal Reserve will keep its ultra-easy monetary policy in place for at least a year. Meanwhile, an encouraging report on German manufacturing might give euro zone policy
The dollar showed modest strength against the euro on Friday, staying near a monthly high after official data revealed solid U.S. jobs gains in March. The Labor Department said U.S. non-farm payroll employment rose by 192,000 jobs and unemployment rate stayed at 6.7 percent. The jobs numbers may heighten speculation that the Federal Reserve will
The Canadian dollar fell against the most major currencies in the early European session on Tuesday. The Canadian dollar slipped to a 5-day low 1.5267 against the euro around 3:40am ET, from yesterday’s closing value of 1.5215. The Canadian dollar slipped to a 4-day low of 1.1069 against the greenback around the same time, from
