The dollar is gaining ground against both the Euro and the pound sterling on Wednesday, following the release of the stronger than expected U.S. private sector employment data from ADP. However, the U.S. currency is nearly unchanged against the Japanese Yen. The Labor Department is expected to release the U.S. jobs report for November on
The dollar has climbed to a 6-month high against the Japanese Yen on Wednesday, due to uncertainty about Japan’s inflation target. The U.S. currency is also rebounding from early weakness against its major European competitors after releasing a large number of economic reports. With orders for transportation equipment and computers showing notable decreases, the Commerce
The dollar is climbing against all of its major competitors at the beginning of the new trading week. The move follows the historic agreement reached between Iran and six world powers early Sunday, which halts the progress of the country’s nuclear program. Iran entered into an agreement that sets significant limits on its nuclear program
The dollar is extending its recent losses against the Euro on Friday, following the better than expected German confidence report for November. However, the U.S. currency is little changed against its other major competitors at the end of the trading week. Atlanta Fed President Dennis Lockhart kept up his dovish tone on Friday, telling CNBC
The dollar is gaining ground against the Japanese Yen on Thursday, after the Bank of Japan decided to maintain the massive stimulus program it launched in April. Meanwhile, the minutes from the most recent meeting of the FOMC released yesterday have investors concerned that the Federal Reserve will begin tapering its stimulus measures at one
