The yen soared to a record high against the dollar on Wednesday as concerns escalated over a nuclear crisis in Japan, and investors nervously watched to see if Japanese authorities will step in to stem the currency’s rise. Get the full story »
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Dollar rebound takes steam out of rally
A rebounding dollar Thursday was a speed bump for a commodities rally that earlier sent copper to a record high and lifted some agricultural and energy prices to their highest since the 2008 financial crisis, keeping inflation fears on the front burner. Get the full story »
Dollar tumbles after disappointing jobs report
The dollar tumbled broadly Friday after a November jobs report showed a higher rate of unemployment in the U.S., a sign that the economic recovery is still struggling. Get the full story »
Precious metals steady; CME raises trading costs
(Reuters/Shannon Stapleton)
Precious metals steadied on Wednesday after futures of gold, and particularly silver, plunged in the previous session’s after-hours trade, although the dollar’s strength limited any immediate recovery.
The price of spot gold, which tracks trades in bullion, was up about half percent. Futures of the precious metal in New York showed a loss of up to 1.4 percent during the session, adjusting to Tuesday’s post-settlement trade. Get the full story »
Oil slips on economic worry awaiting Fed move
Oil prices fell on Friday after data showing tepid U.S. economic growth in the third quarter left investors cautious ahead of expected monetary easing from the U.S. Federal Reserve. Get the full story »
Dollar resumes slide on ‘currency wars’ promise
The dollar resumed its months-long slide Monday after weekend talks by finance officials of the Group of 20 nations promised to avoid “currency wars,” but offered few specifics on enforcement.
Euro tops $1.40 as dollar weakens
The euro broke above the $1.4000 level Thursday on electronic trading platform EBS as the dollar continued to weaken on concerns about additional U.S. quantitative easing.
The euro last traded up 0.5 percent, at $1.4012 after climbing to $1.4015 on EBS.
Dollar soars versus yen after Japan intervenes
The dollar surged on Wednesday to its highest level against the Japanese yen in September after the Bank of Japan unexpectedly moved to weaken the yen.
Dollar jumps ahead of Fed meeting
The dollar jumped against major currencies Monday as markets expect the Federal Reserve to restart economic stimulus programs.
The central bank will likely leave its federal funds rate near zero at its meeting Tuesday, but could sound plans to resume purchasing mortgage-backed securities or buying Treasury bonds. The central bank’s programs ended earlier this year when it appeared the recovery was proceeding well. Get the full story »
