The dollar saw almost no movement versus major rivals amid a lack of first-tier U.S. economic news on Monday. Disappointing economic news out of China overnight gave the safe haven dollar some support, but without a catalyst like last week’s better-than-expected U.S. jobs report, the dollar held near its lowest in more than two years
The U.S. dollar climbed against other major currencies on Friday, as the economy added more jobs than forecast in February, easing concerns on labor market recovery. The report released by the Labor Department said that non-farm payroll employment rose by 175,000 jobs in February following an upwardly revised increase of 129,000 jobs in January. Economists
The dollar steadied after hitting a yearly low against the euro on Friday, as strong U.S. jobs report cemented expectations the Federal Reserve will continue to taper monetary stimulus. The U.S. economy generated 175,000 jobs in February despite rough winter weather, 25,000 more than forecast, the Labor Department said. The unemployment rate rose to 6.7
The dollar weakened on Thursday, falling sharply versus the euro amid increased risk appetite and hawkish signals from European Central Bank. Following yesterday’s better-than-expected euro zone GDP report, ECB President Mario Draghi hinted that policy makers have no plans for further monetary stimulus. The ECB this morning kept its benchmark interest rate unchanged at a
The dollar was steady against European rivals on Tuesday, holding yesterday’s gains even as Russian President Vladimir Putin ordered thousands of troops from the Ukraine border. The end to military exercises near Ukraine has raised hopes for a peaceful end to the standoff between the Russia and its southern neighbors. Putin says the Kremlin has
