The buck gave back its strong early gains against the yen and stayed near this week’s 4-month lows against the euro on Friday, despite another encouraging report on the U.S. jobs market. Employment saw a significant increase in the month of February, according to a report from the Department of Labor. The report also showed
Except the New Zealand dollar, most other major currencies traded quietly in the Asian session on Friday as investors await U.S. non-farm payrolls data due later in the global day. The NZ dollar tumbled in the Asian session as traders sold the currency in reaction to the International Monetary Fund’s warning of lower economic growth
Friday in Asia, the New Zealand dollar declined against other major currencies as traders sold the NZ currency in reaction to the International Monetary Fund’s warning of lower economic growth in New Zealand. The International Monetary Fund said on Thursday that it is likely to revise down its economic growth forecast for New Zealand following
The dollar was once again battered on Wednesday amid mounting speculation that the U.S. will lag behind other developed economies in raising interest rates to combat rising prices. Troubling producer price figures from Europe fueled predictions that the European Central Bank will raise interest rates soon, if not tomorrow. The ECB makes its latest decision
The dollar clawed back some early losses against the euro on Monday, after official data showed that U.S. personal income rose by much more than forecast in January. Analysts pointed out the income growth was due in large part to a reduction in payroll taxes. The dollar also receive a modicum of support from relatively
