dollar Archive

  • Dollar, Commodities Buoyed by US, China Economic Data The dollar and commodities rose on Thursday as strong U.S. and Chinese economic reports fueled demand for riskier assets globally, even as tensions over North Korea stirred in the background. Upbeat economic news helped distract investors from tensions in the Korean peninsula and supported the greenback. Against a basket of major peers, the U.S. dollar rose to 93.015 and pulled back from a 2-1/2-year low of 91.621 notched on Tuesday. The greenback jumped to 110.57 yen and is off Tuesday's 4-½ -month low of 108.25. The euro retreated to $1.1873 from its high of $1.2069, partly pressured by speculation that the European Central Bank might begin to protest at the currency's recent strength. U.S. gasoline jumped six percent to two-year highs as flooding and damage from Tropical Storm Harvey shut almost a quarter of U.S. refinery capacity. Prices are currently higher by over 20 percent in the past week. Contributing to th..

    Prime News: Dollar, Commodities Buoyed by US, China Economic Data

    Dollar, Commodities Buoyed by US, China Economic Data The dollar and commodities rose on Thursday as strong U.S. and Chinese economic reports fueled demand for riskier assets globally, even as tensions over North Korea stirred in the background. Upbeat economic news helped distract investors from tensions in the Korean peninsula and supported the greenback. Against a basket of major peers, the U.S. dollar rose to 93.015 and pulled back from a 2-1/2-year low of 91.621 notched on Tuesday. The greenback jumped to 110.57 yen and is off Tuesday's 4-½ -month low of 108.25. The euro retreated to $1.1873 from its high of $1.2069, partly pressured by speculation that the European Central Bank might begin to protest at the currency's recent strength. U.S. gasoline jumped six percent to two-year highs as flooding and damage from Tropical Storm Harvey shut almost a quarter of U.S. refinery capacity. Prices are currently higher by over 20 percent in the past week. Contributing to th..
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  • Gold Prices Edge Down as Dollar Climbs on US Economic Data Gold prices slipped as the dollar gained ground on upbeat U.S. economic data. The precious metal remains supported by safe haven demand amid an impasse over North Korea. Spot gold fell 0.1 percent to $1,307.20 an ounce. The precious metal is 14 percent higher in 2017. U.S. gold futures for December delivery eased 0.1 percent to $1,312.70. After brushing above $1,300, the precious metal is acquiring new fans amid tepid U.S. inflation which anchors Federal Reserve policy and President Donald Trump's growth agenda risks. Among bulls, Billionaire Ray Dalio, who leads the world's biggest hedge fund at Bridgewater Associates, recommends investors to place as much as ten percent of their assets in gold as hedge against political and economic risks. Bullion might increase to $1,400 by early 2018, supported by lower long-term U.S. interest rates and lack of progress by Trump in providing economic reform, according to Ban..

    Prime News: Gold Prices Edge Down as Dollar Climbs on US Economic Data

    Gold Prices Edge Down as Dollar Climbs on US Economic Data Gold prices slipped as the dollar gained ground on upbeat U.S. economic data. The precious metal remains supported by safe haven demand amid an impasse over North Korea. Spot gold fell 0.1 percent to $1,307.20 an ounce. The precious metal is 14 percent higher in 2017. U.S. gold futures for December delivery eased 0.1 percent to $1,312.70. After brushing above $1,300, the precious metal is acquiring new fans amid tepid U.S. inflation which anchors Federal Reserve policy and President Donald Trump's growth agenda risks. Among bulls, Billionaire Ray Dalio, who leads the world's biggest hedge fund at Bridgewater Associates, recommends investors to place as much as ten percent of their assets in gold as hedge against political and economic risks. Bullion might increase to $1,400 by early 2018, supported by lower long-term U.S. interest rates and lack of progress by Trump in providing economic reform, according to Ban..
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  • U.S. Dollar Rises Against Majors The U.S. dollar strengthened against major currencies in the Asian session on Thursday. The U.S. dollar rose to more than a 2-week high of 110.61 against the yen and nearly a 2-week high of 1.2651 against the Canadian dollar, from yesterday's closing quotes of 110.23 and 1.2618, respectively. Against the euro and the Swiss franc, the greenback advanced to 6-day highs of 1.1871 and 0.9646 from yesterday's closing quotes of 1.1883 and 0.9635, respectively. The greenback edged up to 1.2905 against the pound, from yesterday's closing value of 1.2924. If the greenback extends its uptrend, it is likely to find resistance around 112.00 against the yen, 1.29 against the loonie, 1.16 against the euro, 0.98 against the franc and 1.27 against the pound.

    U.S. Dollar Rises Against Majors

    U.S. Dollar Rises Against Majors The U.S. dollar strengthened against major currencies in the Asian session on Thursday. The U.S. dollar rose to more than a 2-week high of 110.61 against the yen and nearly a 2-week high of 1.2651 against the Canadian dollar, from yesterday's closing quotes of 110.23 and 1.2618, respectively. Against the euro and the Swiss franc, the greenback advanced to 6-day highs of 1.1871 and 0.9646 from yesterday's closing quotes of 1.1883 and 0.9635, respectively. The greenback edged up to 1.2905 against the pound, from yesterday's closing value of 1.2924. If the greenback extends its uptrend, it is likely to find resistance around 112.00 against the yen, 1.29 against the loonie, 1.16 against the euro, 0.98 against the franc and 1.27 against the pound.
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  • *U.S. Dollar Rises To Near 2-week High Of 1.2651 Against Canadian Dollar U.S. Dollar Rises To Near 2-week High Of 1.2651 Against Canadian Dollar

    *U.S. Dollar Rises To Near 2-week High Of 1.2651 Against Canadian Dollar

    *U.S. Dollar Rises To Near 2-week High Of 1.2651 Against Canadian Dollar U.S. Dollar Rises To Near 2-week High Of 1.2651 Against Canadian Dollar
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  • *U.S. Dollar Edge Up To 1.2905 Against Pound U.S. Dollar Edge Up To 1.2905 Against Pound

    *U.S. Dollar Edge Up To 1.2905 Against Pound

    *U.S. Dollar Edge Up To 1.2905 Against Pound U.S. Dollar Edge Up To 1.2905 Against Pound
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  • *U.S. Dollar Rises To 6-day High Of 1.1871 Against Euro U.S. Dollar Rises To 6-day High Of 1.1871 Against Euro

    *U.S. Dollar Rises To 6-day High Of 1.1871 Against Euro

    *U.S. Dollar Rises To 6-day High Of 1.1871 Against Euro U.S. Dollar Rises To 6-day High Of 1.1871 Against Euro
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  • *U.S. Dollar Advances To 6-day High Of 0.9646 Against Swiss Franc U.S. Dollar Advances To 6-day High Of 0.9646 Against Swiss Franc

    *U.S. Dollar Advances To 6-day High Of 0.9646 Against Swiss Franc

    *U.S. Dollar Advances To 6-day High Of 0.9646 Against Swiss Franc U.S. Dollar Advances To 6-day High Of 0.9646 Against Swiss Franc
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  • *U.S. Dollar Climbs To More Than 2-week High Of 110.61 Against Yen U.S. Dollar Climbs To More Than 2-week High Of 110.61 Against Yen

    *U.S. Dollar Climbs To More Than 2-week High Of 110.61 Against Yen

    *U.S. Dollar Climbs To More Than 2-week High Of 110.61 Against Yen U.S. Dollar Climbs To More Than 2-week High Of 110.61 Against Yen
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  • Forex news for US trading on August 30, 2017: - Harvey weakens as it moves inland, remains tropical storm Markets - Gold down $1 to $1308 - WTI crude oil down 40-cents to $46.03 It was a nice old-fashioned data-driven trading day on Wednesday. Strong prints on GDP and ADP gave the US dollar a lift and that continued throughout the

    ForexLive Americas FX news wrap: US dollar marches higher

    Forex news for US trading on August 30, 2017: - Harvey weakens as it moves inland, remains tropical storm Markets - Gold down $1 to $1308 - WTI crude oil down 40-cents to $46.03 It was a nice old-fashioned data-driven trading day on Wednesday. Strong prints on GDP and ADP gave the US dollar a lift and that continued throughout the
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  • Dollar Mostly Higher On Encouraging Economic Data The dollar is rising against both the Euro and the Japanese Yen Wednesday afternoon, following the release of a pair of solid economic reports. Private sector job growth outpaced forecasts in August and the economic growth was revised higher in the second quarter, boosting hopes for another rate hike by the Federal Reserve later this year. Traders will be looking forward to the release of the U.S. jobs report for August Friday morning. Economists are expecting job growth of 180,000 in August, with a jobless rate of 4.3 percent. Private sector employment in the U.S. increased by more than anticipated in the month of August, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment jumped by 237,000 jobs in August following an upwardly revised increase of 201,000 jobs in July. Economists had expected employment to climb by 185,000 jobs compared to the addition of 178,000 jobs origin..

    Dollar Mostly Higher On Encouraging Economic Data

    Dollar Mostly Higher On Encouraging Economic Data The dollar is rising against both the Euro and the Japanese Yen Wednesday afternoon, following the release of a pair of solid economic reports. Private sector job growth outpaced forecasts in August and the economic growth was revised higher in the second quarter, boosting hopes for another rate hike by the Federal Reserve later this year. Traders will be looking forward to the release of the U.S. jobs report for August Friday morning. Economists are expecting job growth of 180,000 in August, with a jobless rate of 4.3 percent. Private sector employment in the U.S. increased by more than anticipated in the month of August, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment jumped by 237,000 jobs in August following an upwardly revised increase of 201,000 jobs in July. Economists had expected employment to climb by 185,000 jobs compared to the addition of 178,000 jobs origin..
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