The US dollar traded lower against major currencies after the release of some economic reports in New York morning trading on Thursday. The greenback dropped to a 6-day low against the euro, a 13-day low versus the franc and a 3-day low against the yen. According to a report released by the U.S. Labor Department
In early European deals on Monday, the euro declined against other major currencies ahead of the European Union finance ministers meeting in Brussels today. The euro remained under selling pressure since last week, weighed down by renewed jitters about the euro zone debt crisis and reduced expectations that the European Central Bank will raise interest
The Canadian dollar has been extending its yesterday’s gains against the currencies of Europe, Australia and Japan in Asian deals on Friday as crude oil price rose on Egypt worries. The Canadian dollar strengthened to a 3-day high against the euro, 11-day high against the Aussie and more than a 3-week high against the yen.
The dollar rebounded to pare some of its recent losses on Friday, as slumping stocks and violence in Egypt helped boost the greenback’s safe haven appeal. Traders shrugged off a mixed bag of economic data from the U.S., including a government report showing slower than expected GDP growth in the fourth quarter. The dollar rose
The euro held its recent gains against the dollar Friday morning in New York, even after official data showed the U.S. grew at a slower rate than analysts were expecting in the fourth quarter. Reuters and the University of Michigan released a report on Friday showing a bigger than expected upward revision to their reading
