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Jun 10, 2014
Jun 10, 2014
Jun 10, 2014
Jun 7, 2014
Jun 7, 2014
Jun 7, 2014
Jun 6, 2014

U.S. dollar drifts higher after May jobs report

NEW YORK, June 6 (Reuters) – The U.S. dollar recouped losses
Friday as investors added to a well-worn pattern of borrowing
greenbacks to buy higher-yielding currencies after solid U.S.
jobs data left little chance the Federal Reserve would speed up
monetary tightening.

This follows Thursday’s long-promised steps by the European
Central Bank to boost the level of monetary stimulus into the
euro zone economy, which, over time, puts pressure on investors
to sell euros and buy higher-yielding currencies.

Jun 6, 2014
Jun 6, 2014
Jun 6, 2014

U.S. dollar skews toward weakness after May jobs report

NEW YORK (Reuters) – Investors trimmed U.S. dollar holdings on Friday after a solid May U.S. jobs report nearly matched consensus and left little chance the U.S. Federal Reserve will deviate from its course of removing monetary accommodation from a strengthening economy.

This follows Thursday’s long-promised steps by the European Central Bank to increased the level of monetary stimulus into the euro zone economy, which over time puts pressure on investors to sell euros and buy higher yielding currencies.

    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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