The dollar declining against both the Euro and the pound sterling at the end of the trading week and is also down slightly against the Japanese Yen. U.S. industrial production showed a solid recovery from the effects of Superstorm Sandy, while consumer prices fell a bit more than expected. Industrial production in the U.S. increased
The dollar is little changed against its major competitors on Thursday, despite the release of several important economic reports. Investors continue to digest the announcements following the conclusion of the FOMC’s 2-day meeting yesterday and the comments made by Fed Chairman Ben Bernanke, regarding the looming fiscal cliff. The U.S. Federal Reserve announced Wednesday that
The dollar has weakened against both the Euro and the Japanese Yen on Tuesday and is nearly unchanged compared to the pound sterling. The looming fiscal cliff remained in focus, with little if any progress being made in the negotiations. Republicans put forth a plan that would raise $800 billion in new revenue from taxes.
The dollar is losing ground against all of its major competitors at the start of the new trading week. The risk appetite of investors has increased Monday, after Spain has formally requested EU bank aid and the news that Greece has offered to buy back as much as 10 billion Euros of its debt. The
The dollar is currently gaining ground against its major competitors on Tuesday, following a series of better than expected U.S. economic reports. The Euro and pound sterling experienced gains in early trading, after the Eurozone and the IMF reached a deal on Greece. New orders for U.S. manufactured durable goods came in essentially unchanged in
