The dollar has added to its recent strength against the Euro on Tuesday as economic concerns continue to weigh on the Eurozone. Investors continued to be concerned by the situation in Spain, as well as the possibility of a Greek exit from the Eurozone. Spain paid a hefty premium to sell its short-term debt on
The dollar has gained ground against its major competitors on Monday. Spain announced a ban on short sales of stocks for three months, while Italy banned short sales of stocks in the financial sector for one week. The situation in Greece has once again raised concerns that the country may exit the Eurozone. The Spanish
The dollar has strengthened against its major European rivals on Friday, but has added to its recent weakness against the Japanese Yen. Risk appetite among investors was down today, due to the current situation in Spain. The yield on a 10-year Spanish government bond climbed above the 7 percent level today. The Spanish government cut
The dollar has given back some of its early gains versus its major European rivals on Tuesday, but has held on to its gains versus the Japanese Yen. The U.S. currency changed direction after U.S. Federal Reserve Chairman Ben Bernanke began his testimony before the Senate. The Federal Reserve is prepared to take further action
The dollar has extended its losses from Friday at the beginning of the new trading week. While the U.S. reported business inventories in line with expectations and a stronger than anticipated NY manufacturing result, the unexpected decline in June retail sales has weighed on investors. U.S. retail sales showed an unexpected drop in the month
