The dollar is nearly unchanged against its major European competitors on Tuesday, but is up slightly against the Japanese Yen. Investors are awaiting the release of the minutes from the most recent meeting of the FOMC, which will be released on Wednesday. Federal Reserve Chairman Ben Bernanke is also expected to speak in Washington this
The dollar is attempting to bounce back from early losses against its major European competitors at the end of the trading week. Weaker than expected New York manufacturing data and industrial production data drove the currency lower in early trade. The buck is also adding to yesterday’s gains against the Japanese Yen. Conditions for New
The dollar is currently giving back some of its early gains against its major competitors Thursday. The early gains were driven by the prepared remarks from Federal Reserve Vice Chairman Janet Yellen, which were released late Wednesday. Janet Yellen, President Obama’s choice to lead the Federal Reserve when Chairman Ben Bernanke steps down in January,
The dollar is falling sharply in comparison to the pound sterling on Wednesday. The quarterly inflation report from the Bank of England showed a more upbeat outlook on the U.K.’s employment situation, which fueled speculation that it will raise rates sooner than previously expected. Bank of England Governor Mark Carney said the U.K. unemployment rate
The dollar has extended its recent weakness against the Euro on Tuesday, but is up against both the pound sterling and the Japanese Yen. Investors continue to be concerned that the Federal Reserve may begin to taper its stimulus measures sooner rather than later, due to the strong U.S. jobs report at the end of
