NEW YORK (Reuters) – The Swiss franc dominated trade on major currency markets again on Thursday, weakening against the euro and the U.S. dollar on renewed speculation of intervention by the Swiss National Bank, while commodity-based currencies fell against the greenback.
The euro gained broadly, even in the face of Greek political ructions with the European Union, although the dominant theme of U.S. dollar strength is taking all but a pause.
NEW YORK, Jan 28 (Reuters) – The U.S. dollar strengthened on
Wednesday in a broad advance that included gains against the
euro and the Swiss franc, taking in stride the Federal Reserve’s
repeated message it remains “patient” in deciding when to raise
Market expectations the Fed would stay the course toward
increasing rates underpins the dollar’s rally versus its
European and Asian counterparts where policy is being loosened
in a bid to spur economic growth.
NEW YORK (Reuters) – The U.S. dollar made a tepid advance against the euro and the Swiss franc on Wednesday but fell against the yen before a monetary policy statement from the Federal Reserve.
Economists polled by Reuters expect the Fed not to do anything that will deviate from a mid-year interest rate rise trajectory, even as U.S. corporations blame the recent rally in the dollar’s value for hitting corporate profits.
NEW YORK (Reuters) – The U.S. dollar fell on Tuesday with currency strategists pointing toward a surprise drop in U.S. durable goods orders that is feeding into speculation the Federal Reserve might hold off on raising interest rates longer than currently expected.
Investors have bid the dollar higher in anticipation that the Fed will be raising interest rates around mid-year as the U.S. economy recovers its growth momentum at the same time major central banks in Europe and Japan are loosening policies to spur activity.