In early Asian deals on Thursday, the U.S. dollar has been extending its Wednesday’s decline and hit a fresh record low against the Aussie and fresh multi-month lows against the euro and the pound as the Federal Reserve left its interest rates unchanged at near-zero levels. The Fed also indicated that it will continue its
The slumping dollar hit a new record low against the Swiss franc and extended its recent losses versus the euro on Tuesday, as the markets braced for a pivotal interest rate announcement from the Federal Reserve. While the Fed is widely expected to keep its benchmark rate at effectively zero on Wednesday, policy makers may
The dollar remained in a funk versus other major currencies on Monday, despite speculation that the Federal Reserve will signal it is not going to renew its controversial asset purchase plan when it expires in June. The Fed makes its latest interest rate decision on Wednesday. While the $600 billion quantitative easing program may be
The euro held its strong recent gains in thin trade versus the dollar on Monday, with most European markets shuttered for the extended Easter break. Traders at their desks refrained from taking aggressive positions in currencies other than those backed by soaring commodity prices. With gold and silver at prices not seen in decades, the
The US dollar edged lower against its major rivals in early Asian trading on Thursday as a rally in Asian equities on the back of upbeat earnings reports prompted traders to reduce holdings of lower-yielding greenback to bet on riskier currencies. Asian stock markets are trading higher today with investors picking up stocks, tracking overnight
