The dollar finished a strong week in characteristic robust fashion, rising to a fresh 16-month peak versus the reeling euro. Traders were influenced by European debt fears and the latest in a series of encouraging reports about the U.S. jobs market. U.S. non-farm payrolls were up 200,000 in December, unexpectedly driving the unemployment rate down
The dollar continued its assault on the euro and crept higher versus other major rivals on Thursday, bolstered by its sovereign haven status. After a holiday reprieve European debt concerns were once again front and center, driving the beleaguered euro to its lowest since September 2010 versus the dollar. An encouraging prelude to Friday’s government
The dollar surged to its highest since January versus the slumping euro on Wednesday, as enthusiasm about Italy’s successful bond auction gave way to concerns about the European banking sector. The euro weakened after a report in the Financial Times indicated that Euro zone banks have deposited record amounts of cash at the European Central
The dollar was little changed on Tuesday, bolstered by data showing that U.S. consumer confidence rose in December to its highest in eight months. The news is the latest in a series of headlines indicating that the world’s biggest economy performed better than expected in the fourth quarter after spending most of the year in
The dollar stayed near its highest since January on Wednesday, rebounding from early losses amid renewed concerns about Europe’s fragile banking sector. A massive lending facility form the European Central Bank saw robust demand, indicating that the region’s major banks are in more trouble than some had feared. The central bank for the 17 euro
