The dollar is gaining ground against all of its major competitors on Friday. The strength in the U.S. currency can be attributed to weak economic data out of Europe and some better than expected results here in the United States. The risk appetite of investors has also been reduced ahead of the looming spending cuts,
The dollar is up slightly against its major European competitors on Tuesday and slightly lower against the Japanese Yen, but overall is little changed for the session. The uncertainty generated by the Italian elections remained in focus today, but investors were also closely watching the testimony of Ben Bernanke. Federal Reserve Chairman Ben Bernanke downplayed
The dollar is currently trading mixed against its major competitors on Tuesday, following the weaker than expected housing market index report. The U.S. currency is weakening against both the Euro and the Japanese Yen, but is gaining ground against the pound sterling. Homebuilder confidence in the U.S. unexpectedly deteriorated in the month of February, according
The dollar is currently gaining ground against the Japanese Yen on Friday, but is nearly unchanged in comparison to its major European competitors. There were several important pieces of economic data released at the end of the trading week, including a stronger than expected increase in consumer sentiment and a surge in the New York
The dollar has dropped sharply in comparison to the Euro at the end of the trading week, but is little changed against the pound sterling. The dollar has also added to its recent strength against the Japanese Yen. The European Central Bank announced on Friday that banks next week will make more-than-forecast repayments of the
