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  • H.S. Borji
    Forex » US Dollar Index Falls below 80.00
    H.S. Borji - June 30, 2014, 18:36 GMT

    The US dollar edged lower against a basket of currencies Monday, as mixed economic data reminded investors the Federal Reserve won’t rush to raise interest rates any time soon. The US dollar index, a gauge of the greenback’s performance versus six commonly traded peers, declined 0.3 percent to 79.80. The index last week posted its

  • H.S. Borji

    The Canadian dollar maintained its highs Friday as commodity prices unexpectedly declined, a sign the loonie was still supported by weak US economic data from earlier in the week. Canada’s currency traded within a narrow range against its US counterpart, hitting an intraday high of 0.9367 US. The loonie would later consolidate at 0.9357 US,

  • H.S. Borji

    The US dollar was on the defensive Friday, as disappointing growth figures continued to weigh on the greenback leading up to the weekend. The popular gauge of the US currency’s strength declined 0.15 percent to 80.10, a five-week low. The dollar index, which pits the greenback against six other major currencies, is on pace to

  • H.S. Borji

    The US dollar rebounded against a basket of currencies Thursday, recovering from a one-month low that was triggered by disappointing growth data. The US dollar index advanced 0.1 percent to 80.30 after falling to an intraday low of 80.10 on Wednesday. Demand for the greenback evaporated Wednesday after the Commerce Department said the US economy

  • Forex » US Dollar Weakens on Dismal GDP Report
    June 25, 2014, 19:58 GMT

    The US dollar declined against a basket of currencies Wednesday after the Commerce Department said the US economy in the first quarter contracted at a sharper rate initially forecast. The US dollar index, a broad gauge of the greenback’s performance versus six commonly traded peers, declined 0.16 percent to 80.20. The index recovered from a

  • H.S. Borji

    The US service economy in June accelerated at the sharpest pace since October 2009, as output and new business levels supported the fastest pace of job creation in nine months. Markit Group’s gauge of US service activity surged from 58.1 to 61.2. Economists called for a reading of 58.0. A reading above 50 signifies expansion

  • H.S. Borji

    The euro advanced against its US counterpart Wednesday, exceeding the 1.36 handle amid signs German consumer confidence was improving, while US data gave mixed signals. The EURUSD climbed 0.26 percent to 1.3638, easing off an intraday high of 1.3651. The pair has advanced a quarter percent since June 20. The trend line shows initial support

  • H.S. Borji

    The sale of previously-owned US homes increased sharply in May, partially offsetting concerns the housing recovery would be slow to materialize after a volatile first quarter. Existing US home sales rose 4.9 percent to an annual rate of 4.89 million, following an upwardly revised gain of 1.5 percent the prior month, the National Association of

  • H.S. Borji

    The US manufacturing industry continued to build momentum in June, as output and new orders expanded sharply and overall business conditions improved at the strongest rate since May 2010. Markit Group’s gauge of US manufacturing activity climbed 1.1 percentage points to 57.5, exceeding estimates for 56.5. A reading above 50 is a general sign of

  • H.S. Borji

    The US dollar index rebounded Friday amid weak German producer inflation data and remarks from Bank of Japan Governor Haruhiko Kuroda that Japan was only halfway to reaching its 2 percent inflation target. The US dollar index, a broad performance gauge of the greenback’s strength versus six commonly traded peers, advanced 0.17 percent to 80.46.