The dollar rose slightly against major currencies on Tuesday amid a couple of positive U.S. economic reports. The 10-city and 20-city composite indexes both rose 0.4 percent in October, according to the S&P/Case-Shiller home price report. Seasonally adjusted prices increased for the fifth straight month in October. Prices are up about 3.5 percent from their [...]
The dollar fell against major currencies on Monday after strong non-manufacturing sector data and rising stocks reduced safety-haven demand for the greenback. The composite index of U.S. non-manufacturing activity rose to 50.9 in September, the highest level since May 2008, the Institute of Supply Management reported on Monday. It was the first time the index [...]
The dollar rose against most major currencies on Tuesday after comments from U.S. Federal Reserve Chairman Ben Bernanke eased worries over inflation outlook. Federal Reserve Board Chairman Ben Bernanke takes his seat to testify before the House Financial Services Committee on Capitol Hill in Washington July 21, 2009. (Xinhua/Reuters Photo)In a semiannual monetary policy testimony [...]
The dollar pulled back against most major currencies on Thursday as a better-than-expected U.S. job report boosted risk appetite. Initial claims for jobless benefits fell much more than expected by 52,000 last week, settling at 565,000, the U.S. Labor Department reported. It was the largest decline since December and the lowest level of weekly initial [...]
The dollar fell against major currencies on Wednesday as hopes for economic recovery reduced safety haven demand for the U.S. currency. According to minutes released on Wednesday, policymakers of the U.S. Federal Reserve (Fed) believed the near-term economic outlook was improving when the central bank held its monetary policy meeting late April. The increased optimism [...]
The dollar fell against major currencies on Wednesday as hopes for economic recovery reduced safety haven demand for the U.S. currency. According to minutes released on Wednesday, policymakers of the U.S. Federal Reserve (Fed) believed the near-term economic outlook was improving when the central bank held its monetary policy meeting late April. The increased optimism [...]
