The dollar was slightly stronger on Wednesday, after the Federal Reserve gave no indication it will embark on a third round of quantitative easing in support of the sputtering economy. On the flip side, minutes from the Bank of England’s latest meeting suggested U.K. policy makers are pondering further asset purchases, driving the dollar to
The dollar was slightly weaker on Monday, as concerns about the U.S. economy overshadowed delays in resolving the mounting Greek debt crisis. European officials pushed out a decision on Greece until July, warning Athens to get its fiscal house in order if it wants to avoid defaulting next month. “I cannot imagine for one second
The dollar was generally weaker on Friday, giving back recent gains versus European rivals amid hopes the German concessions represent a breakthrough on dealing with Greek debt crisis. After weeks of haggling, German Chancellor Angela Merkel has conceded that participation by private lenders, including the region’s wobbly banks, should be voluntary. Analysts expect a massive
The Canadian dollar extended its previous session’s decline against major rivals ahead of the Wall Street opens on Thursday as the price of crude oil trimmed its recent gains amid ongoing eurozone debt problem and slower growth in the U.S. Light Sweet Crude Oil (WTI) futures for July delivery slipped below the $95 a barrel
The euro rebounded from record lows against the Swiss franc and was steady versus the dollar on Tuesday, even as a major ratings agency warned about the consequences of further foot dragging on a Greek rescue. Standard & Poor’s downgraded Greece’s sovereign rating by three notches to the lowest grade, citing possibility of one or
