The US dollar traded further higher against most major European currencies during New York morning trading on Friday. The greenback climbed to fresh multi-month highs against the euro, pound and the franc. Extending its European session’s uptrend, the greenback advanced further in today’s New York morning and hit new multi-month highs of 1.3700 against the
The Australian dollar strengthened against most major currencies in the Asian session on Friday after a data showed that China’s inflation slowed in August. China’s inflation eased in August, latest figures from the National Bureau of Statistics showed. The rate slowed to 6.2 percent in August from 6.5 percent in July. The figure matched economists
The dollar rallied on Tuesday to its highest levels in months versus major European counterparts, after Swiss authorities intervened to weaken the franc. An unexpected rise in a key measure of the U.S. service sector helped fuel the dollar’s advance. The ISM said its non-manufacturing index rose to 53.3 in August from 52.7 in July,
The Canadian dollar lost ground on Monday morning as crude-oil, the nation’s key export, tumbled on mounting concerns that the U.S. is heading back into recession. Light sweet crude oil for October delivery is presently quoted at $84.29 a barrel, down $2.16 a barrel from its previous close of $86.45 a barrel in New York
The Japanese yen rallied against major currencies, barring its safe-haven peers the dollar and the Swiss franc, as traders dump the high-yielding currencies and seek safe-haven assets following Friday’s dismal US jobs data and lingering concerns about euro zone debt problems. The yen is considered as the one of the safe haven currency because of
