NEW YORK (Reuters) - The dollar was broadly unchanged on Monday, losing earlier gains and within sight of a record low against the euro, with near-term prospects for the U.S. economy decidedly negative.
After last week’s soft U.S. gross domestic product growth data, investors had lifted the euro to a lifetime high above $1.3680 and could […]
Consumer spending rose at the slowest rate in five months in March, even though personal incomes posted a solid gain.
The Commerce Department reported that consumer spending on all items was up 0.3% last month, the slowest increase since a similar rise in October.
Incomes rose by 0.7%, the fourth straight solid month of income growth. The […]
LONDON, April 30 (Reuters) - Sterling was up versus the euro and down against the dollar on Monday as investors looked to mortgage approvals data later to assess whether Britain’s housing market can withstand further interest rate hikes.
The pound held below the psychological $2 mark as investors awaited the British Bankers’ Association data at 0830 […]
The U.K. pound rose against the euro before reports this week that will probably reinforce views that the interest-rate premium the pound has over the dollar will widen further.The pound fell last week as the rally that pushed it to a 26-year high versus the dollar was judged by traders as being too rapid. Data […]
The Bank of England, confronting a record-breaking real-estate boom, is finding there’s more to monetary policy than just keeping consumer prices in check.A decade after the central bank won its independence from government control, surging U.K. property values are throwing into question the inflation-targeting approach of Governor Mervyn King and his colleagues, which focuses on […]
The yen rebounded from a record low against the euro as China curbed lending to cool its economy, prompting traders to sell Asian shares and investments funded by borrowing in the Japanese currency.The yen gained against 15 of the 16 most actively traded currencies as investors unwound carry trades, where they borrow in Japan […]
The dollar slumped to a record low against the euro after a soft reading on U.S. economic growth but later pared losses on a report showing consumer confidence was better than expected in April.
The consumer confidence survey for April lent support to the dollar after the currency fell sharply on news the economy grew just […]
Carol Francis says her customers are less likely to make big furniture purchases these days than they were at the height of the housing boom two years ago.“The housing market right now is affecting everybody’s spending,’’ said Francis, a design consultant at Thomasville Home Furnishings in Woodbridge, Virginia, 25 miles south of Washington. Before, “I […]
The dollar dropped to an all-time low against the euro after the U.S. government reported the economy grew at its slowest pace in four years.The dollar also weakened against most other major currencies, with the Federal Reserve’s Trade Weighted Major Currency Dollar index at its lowest level in its 36-year history. The U.S. currency pared […]
LONDON, April 27 (Reuters) - The euro closed in on all-time highs versus the dollar on Friday ahead of U.S. economic data that could firm expectations of an interest rate cut from the Federal Reserve.
The euro had earlier hit a record high versus the yen after a larger-than-expected drop in Japan’s core consumer prices.
Analysts said […]
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