The dollar jumped against the euro and yen Wednesday after minutes from the most recent meeting of the Federal Open Market Committee showed the central bank was gradually shifting its stance in a more hawkish direction.
Investors are closely watching for signs of when the U.S. central bank will hike rates from rock-bottom lows, which traders say will boost the dollar by driving investment flows into the United States. The Labor Department said Tuesday that its ...
A reserve currency is held by a world central bank, which acquires U.S. bonds, facilitating their liquidity to help global businesses to activate international transactions by eliminating the intricacies and costs of exchange rates.
NEW YORK (MarketWatch) - A widely watched U.S. dollar index hit its highest level in nearly a year on Tuesday as the greenback mounted a tepid climb against its rivals and the euro continued to weaken.
Data showing U.S. home builder sentiment rose in August to its highest since January supported the dollar. The NAHB/Wells Fargo Housing Market index rose to 55 in August from 53 in July, the group said.