The dollar wobbled on Friday, unable to build upon recent gains against the struggling euro as concerns about the U.S. economy offset Greece’s sovereign debt woes. An eventful week in the currency markets ended with no resolution to the Greek crisis. The sudden fall of IMF head Dominique Strauss-Kahn overshadowed a growing disagreement between European
The dollar weakened against the euro and gave back its strong early gains versus the yen on Thursday, as traders sifted through a largely disappointing batch of U.S. economic data. Jobless claims remained above 400,000 and a regional survey confirmed the manufacturing is petering out. The dollar dropped to $1.4315 from $1.42 versus the euro,
The New Zealand dollar spiked up against its major counterparts in Asian deals on Thursday as the nation’s Finance Minister Bill English said that the economy will return to surplus by 2014-15. Presenting his third budget to the Parliament, English said despite additional costs of the earthquakes, net debt will remain below 30 percent of
In Asian trading on Thursday, the Australian dollar climbed to multi-day highs against most major currencies on the back of a rise in most Asian stocks. Most Asian stocks are trading higher today with investors tracking cues from Wall Street where stocks ended with strong gains overnight on the back of a rally in commodity
During the Asian session on Tuesday, the Japanese yen showed weakness against its major counterparts despite a slide in equities. Tracking cues from Wall Street where stocks drifted lower overnight amid disappointing economic reports, Asian stock markets are mostly trading lower on Tuesday. Though some of the markets are off their early lows thanks to
