Expectations that the Federal Reserve will this week emphasize plans to keep U.S. interest rates near zero left the dollar at a five-week low on Monday, while concerns about China’s stuttering economy pressured commodity markets. The Federal Reserve, the European Central Bank and the Bank of England meet this week. […]
Tag: Dollar
FOREX-Dollar near 4-week high, Aussie tumbles on RBA
* Dollar supported by expectations of Fed’s eventual exit from QE * Euro off low after euro zone PMI shows broad improvement * Yen broadly softer after improved global risk sentiment * Aussie falls after RBA says it is still high The dollar held firm near four-week highs against […]
Dollar drops versus euro; yen tumbles on global manufacturing data
The dollar dropped against most currencies on Monday while the yen slid to its lowest in nearly four weeks versus the greenback as better-than-expected manufacturing data from Europe and Japan raised risk appetite and prompted investors to seek assets offering higher returns. Overall the array of data painted a picture […]
