The dollar rebounded from early losses against the euro on Thursday, as traders assessed rapid-fire developments in the ongoing euro zone debt crisis. However, the buck continued to weaken against the sterling and lost modest ground to the yen following another dismal batch of U.S. economic data. The euro came under renewed pressure after an
The dollar held most of its recent gains against major rivals on Wednesday, but came under renewed pressure versus the sterling after data confirmed the U.K. economy is getting back on track. U.K. GDP rose 0.5 in the first three months of the year, following a dismal fourth quarter that saw the British economy contract
The dollar was locked in a stalemate with most major currencies Wednesday morning in New York, as traders looked for more clues about when Europe will resolve its lingering sovereign debt crisis. Fears that Greece will default has rattled equity markets and left the euro in limbo, helping the dollar strengthen in recent weeks. If
Pulling back from last week’s fresh multi-day highs, the Indian rupee reached below the 45.30 level against the greenback for the first time since mid-March on increasing dollar-demand from importers despite its offshore rally and weakness in domestic equities. The Indian market fell sharply in line with peers in Asia and Europe, after Fitch’s downgrade
The Japanese yen that strengthened across the board in Asian trading on Monday pulled back shortly in the succeeding trading hours. The yen is presently trading at 92.72 against the Swiss franc and 114.84 against the euro, up slightly from its previously hit multi-day highs of 92.15 and 113.89, respectively. The yen that climbed to
