February 15th, 2012
The dollar rallied versus other currencies on Tuesday, supported by its safe haven appeal after a major ratings agency warned that France and the U.K. may lose their pristine credit ratings.
Moody’s downgraded Italy, Spain, Malta, Portugal, Slovakia and Slovenia,…
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February 8th, 2012
The dollar tumbled versus the euro on Tuesday, after Federal Reserve Chairman Ben Bernanke assured that the central bank intends to keep interest rates near zero despite January’s strong jobs report.
Instead of taking a victory lap for his role…
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February 6th, 2012
The dollar wavered versus the euro on Friday, as traders were uncertain about how to treat a surprisingly strong U.S. jobs report.
The risky euro was bid up amid hopes for a global recovery, but the dollar quickly rallied on…
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February 1st, 2012
The dollar continued to struggle versus the euro Tuesday morning in New York, as Greek officials assured that a deal between the nation and its private creditors is imminent.
Meanwhile, members of the European Union, except the United Kingdom and…
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January 31st, 2012
The dollar steadied Monday morning in New York, supported by lingering concerns that Greece lacks the will to work out a deal to restructure is massive sovereign debt.
European Union leaders are meeting today in Brussels to discuss a fiscal…
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January 18th, 2012
The dollar steadied on Tuesday after losses in the previous sessions, as traders remained uncertain about the outlook for the global economy.
While Chinese GDP figures signaled a soft landing for the world’s fastest growing economy, warnings about the European…
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January 16th, 2012
The euro was under renewed pressure on Friday, amid reports suggesting that ratings agency S&P will downgrade a number of euro zone nations, including France and Germany.
Multiple sources say that the ratings agency will make the move later today,…
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