Dollar Buoyed by Strong U.S. Durable Goods Orders

August 26, 2015

U.S. durable goods orders, which had been projected flat or slightly lower, instead rose 2.0% in July on top of a 4.1% June advance.  Demand for non-defense, non-aircraft durables climbed 2.2% last month after a 1.4% increase in June.  A separate report revealed a 0.2% uptick last week in U.S. mortgage applications but a 3-basis […] More

Currencies Marking Time Ahead of Key Central Bank Meetings

April 3, 2013

The dollar is unchanged against the euro, Swiss franc, yuan and sterling.  The greenback has risen 0.1% relative to the yen and Aussie dollar but dipped 0.2% versus the kiwi and by 0.1% against the loonie. The Japanese Nikkei rebounded from a 1.1% drop on Tuesday with an impressive 3.0% leap on Wednesday, as the […] More

Greek Woes Depress Euro Against Dollar and Crosses

June 15, 2011

European Finance Ministers did not make progress finding a way to share the cost of a restructured Greek debt. Moody’s is reviewing the rating of three French banks that are vulnerable to such a restructuring. The dollar climbed 1.0% against the euro, 0.6% versus sterling, the kiwi, and Swiss franc, and 0.3% relative to the […] More