The dollar took another beating at the hands of the euro on Wednesday, dropping to a 15-month low on expectations that an impending interest rate hike will be the first in a series of tightening measures from the European Central Bank. While the Federal Reserve continues to downplay inflation, the ECB is expected to hike
The Japanese yen weakened across the board on Tuesday morning in New York. At present, the yen is trading at 84.56 against the US dollar and 87.65 versus the Canadian dollar, down from previous lows of 84.05 and 86.91, respectively hit in the Asian session. The yen also slipped back to 120.15 against the euro
The Canadian dollar erased some of its Asian session’s gains against major currencies in early trading on Monday. The loonie thus eased from a new multi-year high against the US dollar. Reflecting the precarious situation in the MENA region, crude oil is trading at mid $108-a-barrel level after rising over 2 percent in the previous
The US dollar eased from recent upward trading against major opponents in New York late morning trading on Friday. In early morning session, the greenback edged up against major rivals as the U.S. Employment increased by more than expected in March. According to figures released by the U.S. Labor Department today, 216,000 non-farm jobs added
In the Asian session on Friday, the Chinese yuan rose against the US dollar after a report showed that China’s manufacturing sector expanded in March. The Markit/HSBC purchasing mangers’ index edged up to 51.8 in March from 51.7 in February. The score was weaker than the flash estimate of 52.5. Production grew for an eighth
