Forex News
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.
The dollar dropped against the euro and Japanese yen on Thursday after a slew of data gauging U.S. inflation, jobless claims and the housing market. The euro last traded at $1.2908 , up 0.2 percent on the day. It had been trading flat at $1.
Sterling was heading towards six-week lows against the dollar on Thursday as investors sold the pound on concerns that a deepening recession in the euro zone would be a drag on the British economy.
Sterling rose on Wednesday after the Bank of England upped its growth forecasts and as weak U.S. data tempered recent optimism about an improvement in the economy and weighed on the dollar.
Dealers' desk forex news is provided by OzForex Pty Ltd.
