The dollar is gaining ground against the Japanese Yen on Tuesday, but is slightly weaker against its major European competitors. Economic data from the U.S. was largely positive Tuesday, particularly the retail sales data. Meanwhile, Japan’s current account data disappointed and U.K. inflation hit the Bank of England’s 2 percent target. Fed tapering concerns have
With the market participants paying close attention to the U.S. payroll risk-event due later in the global day, the yen drifted lower across the board on Friday morning in Asia in a relatively subdued volume. Economists expect an increase of about 200,000 jobs in December, while the unemployment rate is expected to remain at 7.0
The dollar is losing ground against all of its major competitors on Monday. The move has become more pronounced following the release of the disappointing ISM non-manufacturing data. The Senate is scheduled to vote on the nomination of Janet Yellen as the Federal Reserve Chairman this evening. Investors will be watching for the release of
The dollar is rebounding from some early weakness against its major European competitors on Friday and is maintaining its gains against the Japanese Yen. Equity markets in Europe reopened today, following a 2-day holiday for Christmas, but trading volume remained light. That trend is likely to continue into the next week, with the upcoming New
The dollar is down slightly against the Euro at the start of the new trading week, but is little changed against both the Japanese Yen and the pound sterling. Action is expected to be lighter this week, due to the upcoming holiday. U.S. markets will close early on Tuesday and will be closed all day
