The dollar and yen rallied on Monday as Russia’s military incursion into Ukraine sparked fears of a wider conflict. World leaders are warning Russian president Vladimir Putin against continuing his invasion of the Ukraine’s Crimea region. Putin said over the weekend that he had the right to attack his neighbor to protect Russian interests and
The dollar fell sharply versus the euro on Friday, hitting its lowest since December amid the release of data showing a surprising uptick in euro zone inflation. Disappointing U.S. GDP figures kept the dollar from making any comeback later in the day. U.S. GDP expanded at a 2.4 percent annual rate in the fourth quarter,
The New Zealand dollar edged higher against its major counterparts in early Asian trading on Friday after the release of a survey results showed that the business confidence in New Zealand improved significantly in the month February. Results of a survey conducted by the ANZ Bank New Zealand showed that the business confidence rose 70.8
The dollar wobbled on Tuesday after a report showing U.S. consumer confidence has deteriorated by more than expected in February amid concerns about the short-term outlook. The Conference Board said its consumer confidence index fell to 78.1 in February from a downwardly revised 79.4 in January. Economists had been expecting the index to edge down
The U.S. dollar was slightly weaker on Monday, giving back early gains versus its major European rivals amid renewed concerns about the U.S. economy. Sluggish improvement in the labor market and signs the housing situation has taken a turn for worse could mean the Federal Reserve will pause from tapering its bond-buying plan. Fed officials
