The dollar has been losing ground against all of its major competitors for the majority of the trading week. That trend continued on Thursday, as investor concerns that the Federal Reserve may act soon to taper its stimulus measures weighed on the U.S. currency. First-time claims for U.S. unemployment benefits showed a modest increase in
The dollar is currently rebounding from some early weakness against its major competitors on Monday. Part of the reason for the recovery was the stronger than expected U.S. non-manufacturing data. Activity in the U.S. service sector grew at a faster rate in the month of July, according to a report released by the Institute for
The dollar is bouncing back from some early weakness against all of its major competitors on Tuesday, following the release of some housing data and the dip in U.S. consumer confidence. Home prices in major U.S. metropolitan areas saw continued growth in the month of May, according to a report released by Standard & Poor’s
The dollar is giving back some of its early gains against its major European competitors on Monday, following the smaller than expected drop in pending home sales. However, the U.S. currency appears to have leveled off against the Japanese Yen, following its decline late last week. The European Central Bank, the Bank of England and
The dollar has begun to improve against its major European competitors on Friday, following the release of the better than expected consumer sentiment data. However, the U.S. currency has continued to weaken against the Japanese Yen. Investors also appear to be turning more cautious ahead of the upcoming FOMC meeting on Wednesday, as well as
