The dollar fell to a record low against the Swiss franc on Tuesday, as traders flooded into safe haven assets due to concerns that the U.S. may default on its debt next week. If Congress fails to raise the nation’s debt limit by an August 2 deadline, the U.S. will likely lose its AAA credit
The euro barely budged in quiet dealing Monday, holding its recent gains versus the dollar amid indications that U.S. lawmakers remain far apart a week from a deadline to raise the nation’s debt limit. While traders remained concerned about the long-term implications of last week’s Greek bailout, the immediate focus of the markets has turned
The dollar was little changed on Friday, finding its footing against the euro after seeing big losses on yesterday’s announcement of a major rescue package for Greece. The 109 billion euro plan eased short-term concerns that the crisis may spread to larger economies. Investors can exchange existing bonds for new bonds with lower interest rates
After touching a 9-day low of 11.6283 by about 7:45 am ET, the US currency reversed its direction against the Mexican peso during New York late morning trading on Wednesday. At present, the greenback is worth 11.67 versus the peso, compared to 11.6578 hit late New York Tuesday. In the economic news, Mexico’s retail sales
The dollar was weaker on Tuesday, slipping to its lowest in more than two months versus its Canadian counterpart amid expectations of an interest rate hike north of the border. There was little movement versus other major rivals, despite a second consecutive encouraging report on the U.S. housing market. Meanwhile, European officials prepared to meet
