The Australian and New Zealand dollars gained for the first time in three days against the greenback as technical indicators signaled the South Pacific currencies may be oversold. The so-called Aussie rebounded from the lowest in almost a year before testimony this week by Federal Reserve Chairman Ben S. Bernanke, who may counter speculation that… Read more »
The yen bounced off a 4-1/2 year low against the dollar early in Asia on Monday in the wake of reports suggesting the Japanese government might be happy with the level of the currency following its extended decline. The dollar last traded at 102.87, having slid about 1 percent from late New York levels to… Read more »
The Nikkei share average surged to a fresh 5-1/2 year high on Monday morning, as further weakness in the yen and signs of an improving U.S. economy bolstered prospects for higher Japanese corporate earnings in the current business year. In mid-morning trade, the Nikkei rose 1.1 percent to 15,298.92 after rising as high as 15,312.87,… Read more »
The Canadian dollar declined to a two-month low versus its U.S. counterpart after the annual inflation rate fell in April to its slowest in more than three years, bolstering the case for lower interest rates. The Canadian dollar fell against all of its 16 most-traded peers as the consumer price index rose 0.4 percent in… Read more »
The dollar extended gains against the Japanese yen on Friday after data showed U.S. consumer sentiment rebounded in early May to the highest in nearly six years as Americans felt better about their financial and economic prospects. The dollar rose as high as 103.09 yen, its highest since October 2008, and last traded at 102.94… Read more »
The Canadian dollar declined for a fifth time in six days versus its U.S. peer as a regional Federal Reserve president said the central bank may begin slowing monthly bond-buying as the labor market strengthens. The currency approached an almost three-week low as San Francisco Fed President John Williams said the central bank could begin tapering its… Read more »
The U.S. dollar held firm near a 10-month high against a basket of major currencies on Friday after a regional Fed chief, long seen as a policy dove, said the Fed could begin easing up on stimulus this summer and end it late this year. Remarks by John Williams, president of the Federal Reserve Bank… Read more »
Asian shares fell for a second day on concern central banks will scale back stimulus measures and a global economic recovery will falter. The Dollar Index and Australia’s currency advanced, while copper retreated. The MSCI Asia Pacific Index dropped 0.2 percent at 9:30 a.m. in Tokyo, as Japan’s Nikkei 225 Stock Average retreated 0.5 percent…. Read more »
US UoM Consumer Sentiment: Friday, 14:55 GMT. Consumer climate plunged to a nine-month low in April reaching 72.3, following 78.6 in the previous month. The main decline occurred in the long-term outlook, fearing higher unemployment rate and lower after-tax income in the year ahead. An improvement to 77.9 is expected this tim Wholesale Sales: Friday…. Read more »
The dollar dropped sharply against the euro and Japanese yen on Thursday after data showed factory activity in the U.S. mid-Atlantic region contracted in May as new orders fell to their lowest in almost a year. The Philadelphia Federal Reserve Bank said its business activity index dropped to minus 5.2 from 1.3 in April, contrary… Read more »
