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.
Treasurys rise along with stocks, decent auction of 2-year notes supports higher pricesSeptember 22nd, 2009 Treasurys attract solid demand even as stocks riseNEW YORK — A strong auction of two-year notes helped support the bond market Tuesday, sending Treasury yields lower. In afternoon trading, the price of the benchmark 10-year note rose 10/32 to 101 14/32 and its yield fell to 3.45 percent from 3.49 percent late Monday.
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.
Stocks trading in narrow range as investors await Federal Reserve announcementAugust 12th, 2009 Stocks narrowly mixed ahead of Fed decisionNEW YORK — Stocks are trading in a narrow range in the opening moments of trading ahead of the Federal Reserve's interest rate announcement, a day after the market posted its biggest losses in five weeks. Investors have put a summer rally on hold as they search for fresh signs the economy is strengthening and pulling out of recession.
Stocks move modestly higher as investors await Federal Reserve announcementAugust 12th, 2009 Stocks modestly higher ahead of Fed decisionNEW YORK — Stocks moved modestly higher in early morning trading Wednesday, ahead of the Federal Reserve's interest rate announcement, a day after the market posted its biggest losses in five weeks. Overseas, Asian markets fell amid new worries about the speed of economic recovery in China, while European markets were higher.
Stock futures little changed ahead of Fed announcement, following biggest loss in 5 weeksAugust 12th, 2009 Stock futures little changed before Fed decisionNEW YORK — Stock futures were little changed Wednesday ahead of the Federal Reserve's interest rate announcement, and a day after the market posted its biggest losses in five weeks. Overseas, Asian markets fell amid new worries about the speed of economic recovery in China, while European markets were higher.
Commodities prices mostly fall as dollar adds to strength after rally Friday; oil, gold fallAugust 11th, 2009 Commodities prices fall as dollar extends gainsNEW YORK —Commodities mostly fell for a second day as a stronger dollar weighed on prices. Commodities are priced in dollars, so when the currency increases in value, futures become more expensive and less attractive for foreign buyers.
Commodity prices mostly fall as dollar adds to strength after rally Friday; oil, gold fallAugust 10th, 2009 Commodity prices fall as dollar extends gainsNEW YORK —Commodity prices have mostly fallen for a second day as a stronger dollar weighs on prices. Gold and oil are lower Monday.
Dollar slips ahead of Fed interest rate meeting as existing home sales rise less than expectedJune 23rd, 2009 Dollar slips ahead of Fed interest rate meetingNEW YORK — The dollar slipped Tuesday ahead of the Federal Reserve's meeting later this week, despite a report that showed a moderate improvement in home sales. The Fed is widely expected to keep its key interest rate near zero after its two-day meeting concludes, but investors are unsure how optimistic the policymakers will be in their economic assessment, and whether the central bank will consider raising rates later this year to curb inflation.
Dollar gains after World Bank cuts growth forecast as investors await results of Fed meetingJune 22nd, 2009 Dollar gains after World Bank cuts growth forecastNEW YORK — The dollar strengthened Monday ahead of the Federal Reserve's meeting later this week as the World Bank downgraded its assessment of the global economy, ramping up interest in the "safe" greenback. The 16-nation euro dropped to $1.3883 in morning trading from $1.3956, while the British pound fell to $1.6400 from $1.6518.
Long-term Treasurys reverse gains, push yields higher as investors weigh inflation threatJune 18th, 2009 Long-term Treasurys break 4-day streak of gainsNEW YORK — Treasurys were mixed Wednesday, breaking a four-day streak of gains, following a benign report on inflation. Long-term Treasurys reversed early gains and fell slightly in late trading, pushing yields higher.
Dollar gains as ECB, BofE leave interest rates unchangedJune 4th, 2009 Dollar gains as ECB, BofE leave rates unchangedNEW YORK — The dollar moved higher Thursday after the European Central Bank and Bank of England both left interest rates unchanged, as expected. The 16-nation euro dropped to $1.4128 in early New York trading from $1.4134 late Wednesday.
Canada keeps interest rate at record low, warns of rising Canadian dollarJune 4th, 2009 Canada keeps interest rate at record lowTORONTO — Canada's central bank is keeping its trendsetting interest rate unchanged at a historic low of 0.25 percent and says the rise of the Canadian dollar is threatening the country's economic recovery. The Bank of Canada reiterated Thursday its conditional commitment to hold the rate at a record low through June 2010.
Gold prices drop 2 percent as dollar gains ground against other currenciesJune 3rd, 2009 Gold prices fall sharply as dollar reboundsNEW YORK — Gold prices have fallen sharply as the dollar rebounds against the euro and the British pound. The dollar's gains come ahead of Thursday's interest rate decisions from the European Central Bank and the Bank of England.