Dealers Desk
The dollar recovered to trade at a fresh 4-1/2-year high against the yen and a new nine-month high against the Swiss franc on Wednesday after Federal Reserve Chairman Ben Bernanke warned that holding interest rates too low for too long has its risks.
The euro extended gains against the dollar, while the dollar pared gains against the Swiss franc and yen on Wednesday after Federal Reserve Chairman Ben Bernanke said monetary stimulus is helping the U.S.
The euro climbed to a one-week high against the dollar and a fresh 3-1/2-year high against the yen on Wednesday ahead of testimony from U.S. Federal Reserve Chairman Ben Bernanke. The euro was last up $1.2949, up 0.
The euro rose to a session high against the dollar on Tuesday as investors positioned ahead of testimony from U.S. Federal Reserve Chairman Ben Bernanke on Wednesday. Speculation the U.S.
Sterling recovered from a six-week low against the dollar on Monday as the U.S. currency dipped after recent strong gains, but it was still vulnerable to signs the U.S. central bank may scale back monetary stimulus.
Sterling recovered from a six-week low against the dollar on Monday as the U.S. currency dipped after recent strong gains, but it was still vulnerable to signs the U.S. central bank may scale back monetary stimulus.
The dollar climbed to a fresh 4-1/2 year peak against the yen in late afternoon New York trade on Friday after a robust rebound in U.S. consumer sentiment prompted more investors to add to bullish bets. The dollar was last up 1 percent at 103.
Sterling fell to a six-week low against a broadly firmer dollar on Friday on growing expectations the U.S. Federal Reserve could soon start to scale back monetary stimulus after recent comments from Fed officials.
The dollar recovered against both the euro and yen on Thursday after a top Fed official said the U.S. Federal Reserve could begin easing up on the monetary gas pedal this summer and end its bond buys late this year.
Sterling rose for a second straight day against the dollar on Thursday, after a slew of U.S. economic data led investors to trim expectations the Federal Reserve could unwind its asset purchase programme.
Dealers' desk forex news is provided by OzForex Pty Ltd.
