The dollar rose against most currencies on Monday in thin trading, and held its gains even after President Barack Obama said a deal was in sight to avert a fiscal disaster that would have meant tax hikes and spending cuts for the world’s largest economy. The dollar could come under […]
Tag: US Dollar
U.S. dollar trades above 86 yen, first time since August 2010
The U.S. dollar traded above 86 yen on Thursday for the first time since August 2010 on expectations that Japan’s new prime minister would push for policies to weaken the Japanese currency. Traders also cited option barriers being breached at the 86 yen level. The dollar rose as high as […]
FOREX-Dollar slides in thin trading; yen weakens as well
The dollar skidded on Monday in thin trading as investors locked in profits ahead of the Christmas holiday, although losses could be limited by continued uncertainty about the ongoing U.S. budget talks to avert a toxic mix of higher taxes and spending cuts. The greenback tends to benefit as a […]
