The dollar is gaining ground against its major rivals on Thursday, following the release of some better than expected economic data. U.S. weekly jobless claims unexpectedly came in with a slightly decline, while the trade deficit shrank by more than expected. The intensification of fiscal consolidation in some euro area nations and higher uncertainty over
The dollar has gained ground against its major European competitors on Thursday. Investors were disappointed after the highly anticipated announcement from the European Central Bank. ECB President Mario Draghi failed to identify any specific measures that would be employed to combat the Eurozone’s debt crisis. The European Central Bank on Thursday decided to retain its
The dollar is little changed in comparison to its major rivals on Tuesday, but is slightly weaker. A number of U.S. economic reports were released this morning and they were largely better than expected. The FOMC has begun its 2-day meeting today and is expected to make an announcement Wednesday afternoon. Investors are also eagerly
The dollar is bouncing back from some recent weakness against its major European rivals on Monday. The Euro rallied late last week, after European Central Bank President Mario Draghi stated that the ECB is ready to do whatever it takes to preserve the euro. Investors are looking for some crucial action from the European Central
The dollar is trading mixed in comparison to its major competitors on Wednesday. The dollar eased back from over a 2-year high versus the Euro, after comments from the ECB’s Ewald Nowotny and the weaker than expected U.S. new home sales report. The U.S. currency added to its recent gains versus the pound sterling, following
