Canada’s dollar fell to a more than two-month low against its U.S. counterpart amid speculation growth in the world’s largest economy would spur the Federal Reserve to reduce stimulus, known as quantitative easing. The currency declined against the majority of its 16 most-traded peers as crude oil, Canada’s biggest export, snapped a four-day rally. It pared losses… Read more »
The dollar fell for a third day against the euro before Federal Reserve Chairman Ben S. Bernanke addresses Congress amid concern he will disappoint expectations for a paring back of monetary stimulus. The greenback weakened yesterday after St. Louis Fed President James Bullard said the central bank should keep buying bonds and New York Fed… Read more »
Japan’s Nikkei average climbed to a 5-1/2-year high on Wednesday, ahead of the outcome of the Bank of Japan meeting, with Sony Corp surging on reports it is considering evaluating a proposal to spin off entertainment assets. The Nikkei advanced 0.9 percent to 15,513.72 after trading as much as 15,527.35, its highest since December 2007…. Read more »
The dollar erased an advance against the euro as Federal Reserve Bank of St. Louis President James Bullard said policy makers should continue buying bonds because it’s the best available option to boost growth that is slower than expected. “Bullard’s comments add a little bit of a counterweight to some of the relatively hawkish comments… Read more »
The yen weakened against the dollar, reversing its biggest gain in three weeks, after Japanese Economy Minister Akira Amari backed away from weekend comments that prompted the currency to rally. The yen fell versus most major peers after Amari said he wouldn’t be drawn on where its slide versus the dollar might end amid Prime… Read more »
The pound strengthened from a six-week low against the dollar after an industry report showed U.K. home sellers raised asking prices to a record, adding to optimism Britain’s economy is improving. Sterling advanced for the third time in four days versus the greenback after Bank of England Governor Mervyn King said in an interview broadcast… Read more »
The dollar edged up against the yen on Tuesday after Japan’s economy minister clarified earlier remarks about the yen’s weakness that had toppled the greenback from a 4-1/2 year high in the previous session. The dollar rose 0.4 percent from late U.S. levels to 102.69 yen, after falling off Friday’s 4-1/2 year high of 103.32… Read more »
Japan’s Nikkei average eased from a 5-1/2-year high on Tuesday after Wall Street gave up earlier gains to end flat and the dollar slipped against the yen on caution before U.S. Federal Reserve Chairman Ben Bernanke fronts a Congressional hearing. The Nikkei slipped 0.2 percent to 15,337.42. The benchmark has rallied 47.5 percent this year,… Read more »
The yen strengthened the most in three weeks against the dollar as Japan’s Economy Minister Akira Amari said further losses in the currency would have negative effects after it fell to the lowest since 2008 last week. Japan’s currency rose versus all except one of its 16 major peers after Amari said yesterday there’s speculation… Read more »
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 »
