The dollar steadied on Tuesday after losses in the previous sessions, as traders remained uncertain about the outlook for the global economy. While Chinese GDP figures signaled a soft landing for the world’s fastest growing economy, warnings about the European sovereign debt crisis continued to give the safe haven dollar a measure of support. In
The euro was under renewed pressure on Friday, amid reports suggesting that ratings agency S&P will downgrade a number of euro zone nations, including France and Germany. Multiple sources say that the ratings agency will make the move later today, ahead of the three-day weekend in the U.S. In December, S&P put 15 countries in
The dollar rallied versus the euro on Wednesday, amd expectations that the European Central Banks may soon announce more liquidity-adding measures in support of the region’s trubled banking sector. The ECB meets Thursday, and while no change to their benchmark interest rate is forecast, they are seen lowering rates as early as March. The dollar
The dollar was slightly weaker versus major rivals on Tuesday, but steadied in afternoon dealing amid lingering worries that Europe is not moving fast enough to quell its prolonged sovereign debt crisis. Encouraging economic news from France and China fueled risk appetite, driving the dollar away from a recent 16-month high against the euro. Earnings
The dollar fell for the first time in four days on Monday, as traders covered short bets on the euro amid signs of progress on a new treaty to govern the euro zone. German Chancellor Angela Merkel and French President Nicolas Sarkozy held a meeting Monday ahead of a major summit of European leaders later
