Forex

FOREX-Euro edges up but top-heavy as investors await ECB meeting

The dollar edged slightly down against the euro on Thursday, but its losses were limited ahead of a European Central Bank meeting later in the day that could pave the way for further quantitative easing. The ECB is likely to stop short of actually taking new policy steps at the meeting as it awaits fresh indications about the outlook for ...

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Euro firms as prospects for ECB easing wane on solid data

The euro firmed against the dollar and yen on Wednesday after solid euro zone data tempered prospects of the European Central Bank implementing additional stimulus before year-end. The euro was about 0.2 percent to $1.1362 EUR=, adding to Tuesday’s modest gains, after it had struck a 10-day trough of $1.1306 at the start of the week. Against the yen, the ...

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Euro takes back some ground lost to dollar ahead of ECB

The dollar gave back some of its overnight gains against the euro on Tuesday after marking a 10-day high ahead of this week’s European Central Bank meeting, which some investors believe could set the stage for additional stimulus later this year. The Canadian dollar, meanwhile, edged down against its U.S. counterpart after Liberal leader Justin Trudeau apparently won a stunning ...

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Dollar firm on Fed hike prospects, Aussie inches up after China GDP

The dollar was steady against the yen and euro on Friday after stronger-than-expected U.S. data kept alive prospects of the Federal Reserve raising interest rates before year-end. The Australian dollar inched up after Chinese data on Monday showed growth in the world’s second biggest economy easing in the third quarter, adding pressure on policymakers to roll out more support measures. ...

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Dollar nurses sharp losses after weak U.S. sales figures

The dollar wallowed around seven-week lows against a basket of currencies in Asian trading on Thursday, after weak U.S. sales data prompted investors to scale back bets that the U.S. Federal Reserve would hike interest rates by the end of 2015. The dollar index .DXY was last nearly flat from late U.S. levels at 93.970, after tumbling as low as ...

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Dollar Falls for Third Day as Bullish Bets Drop to One-Year Low

Investors are the least confident in a year that the dollar will strengthen, shrugging off comments from Federal Reserve officials that the central bank is still poised to raise interest rates this year. A gauge of the U.S. currency touched a three-week low even after Fed Vice Chairman Stanley Fischer backed the case for a year-end increase in the benchmark, ...

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Dollar on the rise, gold melts to five-year low

The U.S dollar held firm in Asia on Monday as investors looked ahead to higher interest rates from the Federal Reserve, while gold slumped to five-year lows as a lack of global inflation left little to hedge against. The precious metal XAU= ran into a wave of selling in Asia that drove it down almost 4 percent at one stage ...

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