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Tag: U.S. dollar

Dollar Heads for Weekly Advance on Bets Stimulus to Fall Short

By Ron Harui and Yasuhiko Seki
Feb. 13 (Bloomberg) — The dollar headed for a weekly advance against the euro and British pound on speculation a U.S. package to end the recession will fall short, spurring demand for the relative safety of the greenback and U.S. Treasuries.

FOREX-Dollar and yen supported as risk aversion flares

SYDNEY, Feb 11 (Reuters) - The U.S. dollar and the yen held onto hefty gains on Wednesday as risk aversion returned with a vengeance after Washington’s bank bailout package proved long on promises but short on specifics.
In early Asian trade, the euro was down at having fallen from a high of $1.3074 struck on Tuesday. [...]

Asian Currencies Decline, Led by Korean Won, on Risk Aversion

By Judy Chen
Feb. 11 (Bloomberg) — Asian currencies declined, led by South Korea’s won, on speculation that the U.S. bank rescue plan will fail to end the global financial crisis, sapping demand for emerging-market investments.

Australian, N.Z. Dollars Fall on Concern U.S. Plan Insufficient

By Candice Zachariahs
Feb. 11 (Bloomberg) — The Australian dollar fell the most in a month against the yen and New Zealand’s currency weakened as stocks slumped, damping demand for higher-yielding assets.

Australian, New Zealand Dollars Advance as Equities Rebound

By Candice Zachariahs
Jan. 22 (Bloomberg) — The Australian and New Zealand dollars advanced for the first time in three days as a rebound in U.S. stocks fueled speculation investors will be keener to purchase higher-yielding assets.

Canada’s Dollar Rises From Six-Week Low as Crude Oil Advances

By Chris Fournier
Jan. 21 (Bloomberg) — Canada’s dollar rose from a six-week low against its U.S. counterpart as an advance in crude oil prices increased the currency’s appeal.