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Dollar Slumps as Investors Await Inflation Data

The U.S. dollar lost steam early Tuesday as investors became increasingly confident that the Federal Reserve would not raise interest rates again. The dollar fell 0.1% against the Japanese yen to 148.58 while the euro remained relatively flat at $1.09505. On Thursday, investors will look...

Stocks Fall, Dollar Advances Amid Fed Rate Uncertainty

Stocks largely declined on Tuesday as markets became increasingly uncertain as to whether the Federal Reserve's interest rate hiking agenda will come to an end. S&P 500 futures slumped by 0.3% and Nasdaq 100 futures fell by 0.2%. In Europe, futures on the Euro Stoxx...

Dollar Strengthens as Investors Seek Sake Haven as Middle East Conflict Breaks Out

The U.S. dollar rose on Monday as investors flocked to the safe-haven currency after Hamas launched a widescale attack against Israel. "It's a little bit of risk aversion, not a wholesale panic and not a huge amount of sell-off, but just a little bit...

Dollar Holds Gains Following Fed Rate Decision

The U.S. dollar held onto its gains on Thursday after the Federal Reserve decided to keep interest rates within the range of 5.25% to 5.5%. The dollar index, measuring the greenback against a basket of major currencies, rose to 105.68—its peak since March—before closing...

Stocks Rise, Dollar Hits Two-Week Low Following Positive Economic Data

U.S. and European stocks rose while the U.S. dollar slumped to a two-week low following the release of improving Chinese economic data and positive comments from Treasury Secretary Janet Yellen. The U.S. official explained that she is becoming increasingly confident that the U.S. will...

Dollar Rises As US Economy Shows Resilience

The US dollar rose on Thursday as investors gain confidence from signs of increased resilience from the US economy. The Federal Reserve published its "Beige Book" on Wednesday, showing that economic growth remained stellar, job growth was curbed, and inflation cooled. Both the euro and...