Oct 24 (Reuters) - Speculators reduced bullish bets on the dollar in the latest week after some weak U.S. economic data that further pushed out expectations for any Federal Reserve interest rate increase, data from the Commodity Futures Trading ...
This was the clearest indication yet that Russia is serious about its plan to shift away from using the US dollar. Western sanctions against Russia have accelerated this process and encouraged Russia's close economic alliance with China.
The dollar has long been the world's top business currency and viewed as a "safe bet" among investors. But the recent run up is partly because traders believe the American economy is improving, especially relative to other parts of the world. This will ...
NEW YORK (Reuters) - The U.S. dollar extended broad-based gains on Wednesday after marginally higher-than-expected U.S. inflation data coupled with earlier concerns over European banks sent the greenback to one-week highs against the euro.
While you're pondering your global income investment allocation, bear in mind that the U.S. dollar is looking pretty good compared to other currencies - so good that Barclays today says the �building blocks are still in place for a sustained dollar rally.
The U.S. Dollar Index, which measures the buck against six major western currencies but not against emerging market currencies such as China's yuan, has risen 7.1% in the third quarter, its biggest quarterly rise since the 2008 market panic .
And United Technologies Corp on Tuesday cited the stronger U.S. currency in cutting its full-year profit forecast for its Otis elevators division, which generates a large chunk of its business outside the country, by about $50 million.