The dollar rallied versus other currencies on Tuesday, supported by its safe haven appeal after a major ratings agency warned that France and the U.K. may lose their pristine credit ratings. Moody’s downgraded Italy, Spain, Malta, Portugal, Slovakia and Slovenia, and warned about the triple-A ratings of UK, France and Austria. Still, Italy raised the
The dollar tumbled versus the euro on Tuesday, after Federal Reserve Chairman Ben Bernanke assured that the central bank intends to keep interest rates near zero despite January’s strong jobs report. Instead of taking a victory lap for his role in jump-starting the sluggish jobs market, Bernake told a Senate committee that the pace of
The dollar wavered versus the euro on Friday, as traders were uncertain about how to treat a surprisingly strong U.S. jobs report. The risky euro was bid up amid hopes for a global recovery, but the dollar quickly rallied on expectations that the Federal Reserve can no longer consider a third round of quantitative easing.
The dollar continued to struggle versus the euro Tuesday morning in New York, as Greek officials assured that a deal between the nation and its private creditors is imminent. Meanwhile, members of the European Union, except the United Kingdom and Czech Republic, have agreed to sign up for the new fiscal compact, a treaty designed
The dollar steadied Monday morning in New York, supported by lingering concerns that Greece lacks the will to work out a deal to restructure is massive sovereign debt. European Union leaders are meeting today in Brussels to discuss a fiscal compact and the Greek situation. Fitch Ratings said Friday that it has downgraded the long-term
