Tag Archives: dollar

Dollar falls sharply against yen

The dollar was underperforming on Wednesday, as expectations are growing that the US Federal Reserve will soon begin to start tapering its current $85 billion a month bond purchase program. The dollar gave up gains made on Tuesday against the yen, falling sharply on Wednesday, by over 2 percent as investors took the opportunity to take profit from yesterday’s gains from strong US confidence...

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May 29, 2013 @ 8:10 pm

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Dollar jumps after data showed US consumer sentiment improves

The dollar received another boost on Friday after strong economic data gave markets optimism that the US economy is recovering. Preliminary data showed that the University of Michigan consumer sentiment rose more-than-expected last month. The index jumped to a seasonally adjusted 83.7, from 76.4 in the preceding month. This beat analysts’ forecasts for it to rise to 78.0 last...

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May 17, 2013 @ 2:58 pm

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Dollar rebounds against yen after Fed member talks of cutting bond buying

The dollar rebounded against the yen on Friday, climbing back near four-and-a-half year highs after being boosted by comments from a Federal Reserve President yesterday. The chief of the Fed in San Francisco hinted that quantitative easing could end soon. He said that the Fed could begin reducing its monetary easing this summer and end bond purchases late this year. Since such measures of...

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May 17, 2013 @ 9:22 am

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US Dollar maintains strength, yen slides

Major currency pairs were little changed since Friday, with lack of key data in early Monday trading and no reaction to the G7 meeting that was held over the weekend. Yen was the only major mover, weakening further against the US dollar since the G7 failed to criticise Japan on its current bold monetary easing policies, and essentially giving its seal of “approval”. This led to another...

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May 13, 2013 @ 7:49 am

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