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...
Dollar Set For Weekly Loss Ahead of Jobs Report
The dollar remained on course for a weekly loss on Friday, bringing an end to a six-week winning streak, as investors braced themselves for the U.S. jobs report set to be released later in the day. This data on the labor market is expected...
Dollar Retreats Ahead of Fed Chair Speech
The U.S. dollar retreated from a 10-week high against major peers on Tuesday despite Treasury yields surging toward a 16-year high. This comes as investors brace for Federal Reserve Chair Jerome Powell's speech from Jackson Hole later this week.
Measuring the dollar against a basket...