NEW YORK (Reuters) – Investors with sizeable gains from the dollar’s strong move upward in recent weeks sold the greenback to capture profits on Friday despite a solid U.S. jobs report that bolstered the case for the Federal Reserve to raise U.S. interest rates later this year.
“It looks like some trimming of positions heading into the weekend, but the strong dollar is still intact,” said Camilla Sutton, chief currency strategist at Scotiabank in Toronto.
NEW YORK (Reuters) – The dollar cut its losses on Friday after better-than-expected U.S. jobs data for December left intact the case for the Federal Reserve to increase interest rates and give the greenback a further investment yield advantage.
Last month the U.S. economy created an additional 252,000 new non-farm jobs, the 11th straight month of payroll increases above 200,000, marking the longest stretch since 1994. Economists forecast a gain of 240,000 new jobs.
NEW YORK (Reuters) – Negative economic reports from Europe and positive U.S. data pushed the euro to a fresh nine-year low on Thursday for a fifth day of losses as diverging monetary policies continued to bolster the greenback.
The European Central Bank meets on Jan. 22 when investors expect it to finally launch a program of government bond buying with new money, a policy known as quantitative easing.
NEW YORK, Jan 7 (Reuters) – Investors on Wednesday sent the
euro to a nine-year low after data showed euro zone prices fell
for the first time since 2009, increasing pressure on the
European Central Bank to loosen monetary policy.
Expectations the ECB will take bold action and flood the
euro zone with cash in order to stimulate economic growth and
inflation rekindled the winning trade of the last six months of
selling the euro short on the expectation it will continue to