Dollar Heads for Weekly Gain as Data Support Pace of Fed Taper

Posted by Forexsq 4 days ago (
img The dollar headed for weekly gains against the euro and the yen as improving economic data backed speculation the Federal Reserve will remove stimulus this year.

The greenback rose for a fifth day yesterday against a basket of peers after data showed manufacturing in the Philadelphia region grew at the fastest pace in seven months. Other figures showed the number of Americans filing for unempl

U.S. Said to Warn Money Managers of More Russia Sanctions

Posted by Forexsq 4 days ago (
img The Obama administration told asset managers last week that it was planning additional sanctions against Russia over the conflict in Ukraine.

Officials from the Treasury Department and the National Security Council met in Washington with mutual-fund and hedge-fund managers, according to a person who attended. Their comments sent a message that more sanctions are on the way and that investors,

Dollar Firms Vs Yen, Asian stocks Subdued On Ukraine Caution | Top Forex Brokers

Posted by Forexsq 1 day 20 hours ago (
img Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday. MSCI’s broadest... moreShare it now!

Yen Falls Versus Major Peers After Japan’s Trade Deficit Widens

Posted by Forexsq 1 day 19 hours ago (
img The yen fell versus 15 of its 16 major peers after a report showed Japan’s trade deficit widened more than forecast last month.

The dollar held its biggest weekly advances in a month versus the yen and the euro ahead of leading U.S. economic indicators that may back speculation the Federal Reserve will remove stimulus this year. New Zealand’s dollar was little changed before the Reserve Bank s

Sterling could sink as Scottish independence vote nears

Posted by Forexsq 19 hours ago (
img At stake in the Scottish independence referendum on Sept. 18 is not just the future of a 307-year-old union with England but also the stability of a currency — sterling GBPUSD +0.17% — that is still ranked by the International Monetary Fund as the world’s third most important reserve money after the dollar and the euro.

The debate on Scotland’s fate gets fully into its stride this week with p

Aussie Rises on Rate Bets Before CPI Data as Yuan Falls

Posted by Forexsq 19 hours ago (
img The Australian dollar rose the most in two weeks against its U.S. counterpart before a report tomorrow that economists said will show inflation accelerated, boosting speculation interest rates are set to increase.

The Aussie gained versus all but two of its 16 major counterparts before the government releases its consumer price index. The yuan touched a 14-month low and Japan’s yen snapped a s

Dollar Pares Loss as Jobless Claims Trail Forecast

Posted by Forexsq 5 days ago (
img The dollar pared a loss against the euro as a report showed claims for U.S. unemployment benefits increased less than forecast.

The Bloomberg Dollar Spot Index dropped for the first time in five days after Federal Reserve Chair Janet Yellen said yesterday she doesn’t see any sign of inflation and has a “continuing commitment” to support the recovery. The pound reached the highest level in more

Yen Falls as Chinese Growth Beats Analyst Forecasts

Posted by Forexsq 6 days ago (
img The yen fell the most in more than two weeks against the euro after data showed China’s economic growth slowed less in the first quarter than analysts forecast, damping demand for safer assets.

Japan’s currency dropped against most of its 16 major counterparts as the nation’s stocks gained and central bank Governor Haruhiko Kuroda told parliament it was not appropriate to discuss an exit from

Draghi Euro Warning Looms as ECB Debates Policy Measures | Top Forex Brokers

Posted by Forexsq 8 days ago (
img Mario Draghi’s patience with the euro has snapped. “The strengthening of the exchange rate requires further monetary stimulus,” European Central Bank President Draghi told reporters in Washington on April 12.... moreShare it now!

Dollar gets boost from March wholesale prices

Posted by Forexsq 11 days ago (
img The dollar gained against major rivals Friday after U.S. producer prices rose by more than expected last month, with details in the report hinting at a possible buildup in inflationary pressure that is desired by the Federal Reserve.

Dollar Snaps Five-Day Losing Stretch as Appetite for Risk Drops

Posted by Forexsq 11 days ago (
img The dollar snapped five days of losses against a basket of its major counterparts as investor risk appetite shrank and stocks dropped.

The Bloomberg Dollar Spot Index rose from almost a five-month low, paring a weekly loss, as stocks fell amid concern earnings are failing to justify record highs. The yen strengthened against most of its 16 major counterparts. South Korea’s won advanced for a f

Family Dollar to Close 370 Stores, Cut Jobs

Posted by Forexsq 11 days ago (
img Family Dollar Stores Inc. (FDO), facing an increase in retail competition, is closing about 370 stores and conducting a review to improve its business.

The closings, about 4.6 percent of the company’s 8,100 locations, will generate as much as $45 million in annual cost savings beginning in the fiscal third quarter, the Matthews, North Carolina-based company said today in a statement. The revie

Dollar Rises From Five-Month Low on Jobless Drop; Krona Slidesrg

Posted by Forexsq 12 days ago (
img The dollar rose from a five-month low against a basket of peers after the fewest number of Americans since before the last recession filed applications for unemployment benefits last week.

The yen gained to the strongest in three weeks against the dollar after an unexpected decline in Chinese exports revived demand for safer assets. The Bloomberg Dollar Spot Index fell to a five-month low afte

Yen Weakens as Currency Volatility Declines Before Fed Minutes | Top Forex Brokers

Posted by Forexsq 13 days ago (
img The yen weakened, dropping most against higher-yielding currencies, as a gauge of currency volatility fell to the lowest level in more than six years and European stocks advanced. Japan’s currency... moreShare it now!

Euro rebounds vs. dollar from QE-talk lows

Posted by Forexsq 14 days ago (
img The euro rose against the dollar Tuesday, trading at levels last seen before European Central Bank President Mario Draghi said that central-bank officials had discussed quantitative easing as an option to fight falling inflation.

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