Senior Correspondent, New York
Daniel's Feed
Dec 31, 2014
Dec 28, 2014
Dec 24, 2014

Dollar retreats from highest levels in nearly 9 years

NEW YORK, Dec 24 (Reuters) – Investors trimmed dollar
positions during the Christmas holiday lull on Wednesday,
pulling the greenback down from its highest point in nearly nine
years after strong U.S. economic growth data on Tuesday
solidified views of coming Fed rate increases.

The dollar retreated by 0.13 percent to 89.943 against a
basket of currencies after Tuesday’s data showed U.S.
third-quarter gross domestic product grew at an annualized 5.0
percent rate.

Dec 24, 2014
Dec 24, 2014
Dec 24, 2014
Dec 24, 2014

Dollar down from highest levels in nearly nine years

NEW YORK (Reuters) – Investors trimmed dollar positions during the Christmas holiday lull on Wednesday, pulling the greenback down from its highest point in nearly nine years after strong U.S. economic growth data on Tuesday solidified views of coming Fed rate increases.

The dollar retreated by 0.1 percent to 89.924 against a basket of currencies .DXY after Tuesday’s data showed U.S. third quarter gross domestic product grew at an annualized 5.0 percent rate.

Dec 23, 2014
Dec 23, 2014
Dec 23, 2014

Dollar pushes higher after strong U.S. growth data

NEW YORK (Reuters) – The dollar strengthened on Tuesday after a revised third-quarter U.S. gross domestic product report blew past expectations to register the fastest pace of growth in 11 years.

U.S. economic growth in the third quarter was revised up to 5 percent from 3.9 percent. Some tempering of activity, however, is expected in the fourth quarter after non-defense capital goods orders ex-aircraft, a closely watched proxy for business spending plans, was unchanged in November after dropping in October.

    • About Daniel

      "Senior Correspondent covering global financial markets, investing and foreign policy. I'm New York-based with 20+ years of experience in text, TV and radio. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught journalism in Asia, Europe, Latin America and the United States."
      Joined Reuters:
      1997
    • More from Daniel

    • Contact Daniel

    • Follow Daniel