Commodities rise as dollar weakens, gold dips slightly after hitting new high of $1,072October 14th, 2009 Commodities rally as dollar falls to new lowNEW YORK — Commodities are rising broadly as the dollar tumbles to a fresh 14-month low against other major currencies. Gold prices soared to a new record high of $1,072 an ounce in early trading, before giving up 30 cents to settle at $1,064.70 an ounce on the New York Mercantile Exchange on some profit-taking.
Dollar edges higher against major currencies ahead of ECB, BoE interest rate decisionsOctober 7th, 2009 Dollar climbs ahead of ECB, BoE rate decisionsNEW YORK — The dollar edged higher against major currencies Wednesday as investors looked ahead to upcoming European Central Bank and Bank of England interest rate decisions on Thursday. The 16-nation euro slipped to $1.4666 in New York trading from $1.4710 late Tuesday, while the British pound fell to $1.5876 from $1.5911.
Gulf states moot replacing oil trade currency, India interestedOctober 6th, 2009 LONDON - Gulf countries have begun secret talks with China, France, Japan and Russia to replace dollar dealings for oil with a basket of currencies, a newspaper reported Tuesday. The basket includes the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for members of the Gulf Cooperation Council (GCC), The Independent reported.
Dollar loses ground on service industry, bank reports despite attempts to prop up greenbackOctober 5th, 2009 Dollar lower on service industry, bank reportsNEW YORK — The dollar traded lower against major currencies Monday despite attempts over the weekend to boost the strength of the American currency. An upgrade of large banks and a report that the service sector grew for the first time in more than a year provided a boost for confidence in the economy, prompting investors to leave the safe haven of the dollar for riskier assets.
Dollar climbs against euro, pound on corporate deals as markets await economic dataSeptember 30th, 2009 Dollar climbs as markets await economic dataNEW YORK — The dollar rose against the euro and the pound Monday as several corporate deals reassured investors about the economy, while markets await U.S. economic data and a key jobs report due later in the week.
Euro breaks above $1.48 as dollar falls to year lows ahead of G-20 summit this weekendSeptember 22nd, 2009 Euro breaks above $1.48; dollar at year lowsNEW YORK — The dollar sank to its lowest point in a year Tuesday against several currencies ahead of a meeting by of the Federal Reserve on interest rates and the Group of 20 summit in Pittsburgh this weekend. The 16-nation euro broke past $1.48 for the first time since September 2008, rising as high as $1.4821 before settling back to $1.4792 in late afternoon trading in New York.
Dollar edges higher against major currencies but remains near year lows ahead of G-20 meetingSeptember 21st, 2009 Dollar edges higher ahead of G-20 meetingNEW YORK — The dollar edged up against major currencies but remained near an annual low against the euro Monday as economic signals continue to point to a recovery and investors look forward to more hints about the economy at this week's G-20 meeting in Pittsburgh. The 16-nation euro slipped to $1.4677 in late afternoon trading from the $1.4720 it bought Friday.
Dollar inches up against major currencies but remains near year lows on economic recoverySeptember 18th, 2009 Dollar inches up but remains near year lowsNEW YORK — The dollar edged up against major currencies Friday but still remained near year lows as economic signals point to recovery. The 16-nation euro slipped to $1.4720 in late afternoon trading.
Dollar hits year low as investors see growth in China, buy commodities; gold at 18-month highSeptember 11th, 2009 Dollar slump continues as gold hits 18-month highNEW YORK — The week's dollar sell-off continued Friday, with the greenback hitting a fresh 12-month low. An accelerating economy in China was the latest indicator to investors that the worldwide slowdown is drawing to a close, and they shunned the "safe" dollar in favor of gold, which hit an 18-month high, as well as other commodities and riskier currencies.
Oil climbs above $72 in Asia as US dollar falls, OPEC to keep output unchangedSeptember 9th, 2009 Oil climbs above $72 as US dollar slumpsSINGAPORE — Oil prices rose above $72 a barrel Thursday in Asia amid a slumping U.S. dollar and steady OPEC production levels.
Big improvement in US output decline dulls dollar luster; big drops vs European currenciesJuly 31st, 2009 Dollar slides sharply as GDP decline moderatesNEW YORK — The dollar closed the week out lower as a report showed the decline in U.S. economic output was vastly improved in the second quarter.
Dollar advances against major currencies ahead of G8 meeting as investors move to havensJuly 7th, 2009 Dollar advances vs euro, pound ahead of G8 summitNEW YORK — The dollar was firmer against most major currencies Tuesday as world leaders are expected to express support for a strong dollar at this week's Group of Eight summit in Italy. China, Russia and India have indicated that they want to see long-term changes in the international monetary system in the wake of the financial crisis, but have been careful to not push their desire for change too far in case the dollar slumps and the value of their large dollar-denominated investments plummet.
US dollar mostly down, gold up in European tradingJuly 1st, 2009 US dollar mostly down in Europe, gold upLONDON — The U.S. dollar was lower against most other major currencies in European trading Wednesday.
Dollar mixed against major currencies ahead of closely watched US data, ECB policy meetingJune 29th, 2009 Dollar mixed ahead of closely watched US dataNEW YORK — The dollar was mixed against major currencies Monday at the start of a week that features closely watched U.S. employment figures and the European Central Bank's monthly policy meeting.
Dollar climbs against euro, falls against pound as investors mull sharp rally in equitiesJune 8th, 2009 Dollar mixed as investors mull rally in equitiesNEW YORK — The dollar was mixed against major currencies Monday as investors assessed whether the sharp rally in equities over the last three months can continue through the summer. Stocks reversed steep losses in light trading Monday as concerns linger about the global economy.
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