The dollar was generally weaker versus other majors in quiet dealing Monday, with most of its modest losses coming in the early hours. A lack of economic catalysts kept the dollar from adding to its recent gains versus the euro, as traders preferred the safe haven Swiss franc in the absence of clarification on Greece’s
The dollar ended a volatile week on a strong note Friday, as traders shied away from major European rivals amid doubts the region can contain its sovereign debt crisis. German and the European Central Bank continued to haggle over terms of a Greek bailout, even as Athens pledged new austerity measures and faster privatizations. German
The Canadian dollar advanced further against major opponents in New York late morning trading on Thursday. The loonie climbed to new multi-day highs against the US dollar and the euro. According to data released by Statistics Canada today morning, the New Housing Price Index rose 0.3 percent in April, following no change in March. Prices
Dollar Pares Recent Losses Versus Euro Despite Mounting U.S. Woes The dollar clawed back some of its recent losses against the euro but extended its monthly lows versus the yen on Wednesday. Traders continued to assess Tuesday’s speech from Federal Reserve Chairman Ben Bernanke, who acknowledged that the U.S. economic has lost momentum. Bernanke said
The dollar was little changed on Monday, staying near its lowest in more than a month versus a basket of major rivals. The dollar’s prospects have taken a hit in recent weeks, as economists have lowered their U.S. growth forecasts in response to a string of alarmingly weak housing and jobs data. The markets are
