The dollar has given back some of its recent gains at the end of the trading week. The growth concerns of the past few days eased on Friday after the release of China’s second quarter GDP result overnight. The news helped to spark a rally in the European stock markets. Some positive earnings results and
The dollar has extended its recent gains versus its major European rivals on Thursday, but has weakened in comparison to the Japanese Yen. Concerns over the global economic situation have lowered the risk appetites of investors on Thursday. The safe haven status of the U.S. currency and the better than expected U.S. jobless claims number
The dollar is little changed on Monday, ahead of the start of earnings season. Alcoa will report earnings after the close today, which is traditionally viewed as the beginning of the reporting season. The dollar has held basically flat against the Japanese Yen, but has weakened slightly in comparison to its major European rivals. A
The dollar has extended its gains versus its major European rivals on Friday, but has retreated in comparison to the Japanese Yen. The all important U.S. jobs report for June showed a smaller than expected increase this morning. Most investors seem to be of the opinion that the U.S. jobs report was not weak enough
The dollar has gained ground versus its major rivals on Thursday. The policy meetings held by the European Central Bank and the Bank of England concluded today and both resulted in further economic stimulus. The People’s Bank of China also announced an interest rate reduction on Thursday. However, investors were disappointed that the ECB made
