Euro falls to 5-week low against dollar
The euro is falling against the dollar on worries that Europe’s debt crisis is spreading to other countries. Borrowing costs in Italy, Spain and France have risen this week. Higher borrowing costs are a sign that investors are worried that those countries may have trouble paying their debts. On Wednesday, the yield on Italy’s 10-year [...]
The euro has fallen to a 7-month low against the dollar on fears of a possible debt default by Greece, which uses the euro. Investors fear that Greece could default on its financial obligations as its economy worsens. Senior German officials have hinted in recent days that Greece could undergo an orderly bankruptcy to stem [...]
Continue reading …A strong report on manufacturing is giving the dollar a slight boost ahead of a key U.S. jobs report for August. The Commerce Department says that factory orders climbed 2.4 percent in July, the largest increase since March. That helps ease some fears about the economy. Worries that the U.S. is dropping back into recession [...]
Continue reading …Investors worried over the nuclear crisis in Japan and the ensuing worldwide sell-off in stock markets are buying up the globe’s traditional safe-haven currencies: The dollar, Swiss franc and even the Japanese yen. While the earthquake and tsunami have wrought devastation in Japan, and an intensifying nuclear threat is deepening the crisis, investors expect Japanese [...]
Continue reading …The dollar turned higher Thursday after reports on U.S. jobs and home sales indicated that the economy improved at the end of 2010. The government’s weekly jobless claims data showed fewer people filing for unemployment benefits, suggesting that hiring will pick up this year. The National Association of Realtors said sales of previously owned homes [...]
Continue reading …The dollar tumbled broadly Friday after a November jobs report showed a higher rate of unemployment in the U.S., a sign that the economic recovery is still struggling. The dollar dove as the U.S. government said the unemployment rate increased to 9.8 percent last month from 9.6 percent in October. That’s the first increase since [...]
Continue reading …The dollar was mixed Monday as caution pervaded trading before a key U.S. jobs release and reports from central banks later this week. The U.S. currency rose against most currencies fell against others that are also seen as safe havens, like the Japanese yen and the Swiss franc. The dollar fell to 1.0262 Swiss francs [...]
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