The dollar was generally stronger on Friday, bolstered by its safe haven appeal amid evidence of economic weakness on both sides of the Atlantic. Traders weighed a disturbing jobs report from the U.S, where anemic private sector job growth was offset by a drop in government jobs. Figures released Friday by the Labor Department showed
The dollar gained modest ground versus other majors on Wednesday, as falling U.S. stocks and renewed concerns about the Greek credit crisis made the dollar slightly more attractive. Reports suggesting that Federal Reserve Chairman Ben Bernanke will make no new policy announcements at Jackson Hole gave the dollar a bit of support. Bernanke will give
The dollar was little changed versus other major currencies on Tuesday, as traders assessed rumors that Federal Reserve Chairman Ben Bernanke will hint at further support for the sluggish economy later this week. Bernanke will speak at the Fed’s Jackson Hole symposium on Friday, and while few analysts say the chairman will explicitly signal another
The euro was generally stronger in quiet dealing Monday morning, as rebounding global equities fueled increased appetite for riskier currencies. Focus remained on the European sovereign debt crisis, with German Chancellor Merkel insisting that the creation of euro zone bonds would be “exactly the wrong answer” to the debt crisis facing Europe. Meanwhile Finance Minister
The dollar was little changed in subdued dealing on Monday, as global stocks stabilized and traders looked forward to the Federal Reserve’s annual Jackson Hole retreat. Markets are on pins and needles, waiting for Fed Chair Ben Bernanke’s Friday speech. Bernanke is not expected to announce another round of quantitative easing measures, but his remarks
