The dollar and the yen gained broadly Thursday as the euro and perceived higher risk currencies succumbed to profit-taking ahead of a policy decision by the European Central Bank.
Eurozone interest rates were left unchanged on Thursday at the record low of 1 per cent, highlighting the European Central Bank's caution about the strength of the region's economic recovery.
The dollar rose against the euro Tuesday on negative European production data and ahead of a central bank meeting expected to slash rates to a record low.
The European Central Bank and the Bank of England both cut their key interest rates to historic lows on Thursday in a bid to revive their ailing economies.
The dollar rose against the euro and lost ground against the pound Thursday after the European Central Bank held interest rates steady and the Bank of England cut its key rate by half a percentage point.
The dollar rose sharply against the euro Wednesday, after weak economic reports from Europe supported many investors' belief that the European Central Bank will cut interest rates this week.
The dollar was mixed against rival currencies Thursday as concerns about the nation's banking sector vied with optimism surrounding the government's proposed economic stimulus program.
Global stocks continued sliding Thursday as reports that Bank of America faces a cash shortfall in its purchase of Merril Lynch dragged Wall Street while and ECB rate cut failed to cheer Europe.
The dollar and the yen gained broadly Thursday as the euro and perceived higher risk currencies succumbed to profit-taking ahead of a policy decision by the European Central Bank.
Eurozone interest rates were left unchanged on Thursday at the record low of 1 per cent, highlighting the European Central Bank's caution about the strength of the region's economic recovery.
The dollar rose against the euro Tuesday on negative European production data and ahead of a central bank meeting expected to slash rates to a record low.
The European Central Bank and the Bank of England both cut their key interest rates to historic lows on Thursday in a bid to revive their ailing economies.
The dollar rose against the euro and lost ground against the pound Thursday after the European Central Bank held interest rates steady and the Bank of England cut its key rate by half a percentage point.
The dollar rose sharply against the euro Wednesday, after weak economic reports from Europe supported many investors' belief that the European Central Bank will cut interest rates this week.
The dollar was mixed against rival currencies Thursday as concerns about the nation's banking sector vied with optimism surrounding the government's proposed economic stimulus program.
Global stocks continued sliding Thursday as reports that Bank of America faces a cash shortfall in its purchase of Merril Lynch dragged Wall Street while and ECB rate cut failed to cheer Europe.
The dollar rose against major currencies Monday - hitting a one-month high against the euro - boosted by expectations that the European Central Bank will cut rates later this week.
The Bank of England and European Central Bank (ECB) have slashed interest rates to 2 and 2.5 percent respectively in an ongoing bid to soften the impact of recession.
The U.S. dollar rallied Thursday amid speculation that the European Central Bank may need to lower interest rates soon and ongoing uncertainty about the future of the U.S. government's bailout plan.
The dollar surged to a five-month high against the euro Friday after European economic reports compounded worries that the 15-nation euro economy is in a tailspin.
The dollar gained against the euro Thursday, holding a 9-week high against the European currency, after the European Central Bank left a key interest rate unchanged.
The European Central Bank and the Bank of England both left their benchmark interest rates unchanged Thursday as they ponder how best to steer their economies between the shoals of mounting inflation and slowing growth
The dollar lost ground against major currencies Thursday, after a report showed the economy grew less that expected over the past several months, and jobless claims reached the highest levels since 2003.
The dollar rose against the euro Thursday after a government report on the labor market came in largely as expected despite persistent rumors that a much bleaker number was in store.
The dollar was mixed against major currencies Wednesday, as investors await the European Central Bank's decision on interest rates and the latest unemployment numbers from the U.S. Department of Labor.
The dollar edged higher against both the dollar and the yen on Thursday, as oil prices fell and investors expect the Federal Reserve to hold rates steady next week.
The European Central Bank left its key interest rate steady at 4 percent on Thursday as the bank's president said inflation was expected to remain high
Upbeat earnings from Goldman Sachs and Best Buy boosted stocks Tuesday morning, distracting investors from rising oil prices and the latest woes for the housing sector.
The European Central Bank held off on raising its benchmark interest rate Thursday, staying at 4 percent in a nod to the volatility that has engulfed global markets since early August.
The European Central Bank added €40 billion ($54.2 billion) in three-month funds to the euro interbank money market on Thursday to reduce borrowing costs in one of the market segments hardest hit by the global credit squeeze.
The European Central Bank indicated Wednesday that its monetary policy was unchanged despite turmoil in financial markets, a move some analysts saw as signaling it still intends to raise rates in September.
The European Central Bank added more than $10 billion in extra funds to markets for a fourth day Tuesday but on a smaller scale, as central banks slowly pull out extra cash pumped in to avert panic about a credit squeeze.
The European Central Bank said it would inject $65.2 billion in liquidity into the euro zone banking system for a third day, sending the euro to session lows against the dollar and yen.
Stocks inched higher Monday morning as investors welcomed global central bank efforts to keep money flowing despite credit fears, as well as strong July retail sales.
Stocks rebounded Monday, extending late Friday's recovery effort, as investors welcomed global central bank efforts to keep money flowing despite credit fears, and strong July retail sales.
Stocks slumped Friday morning, extending the previous day's decline, as mounting worries about the tightening of credit and the subprime mortgage fallout gave investors a reason to retreat.
Major central banks swept in to calm credit markets spooked by mounting losses Thursday, with the European Central Bank injecting record amounts of cash to prevent the financial system from seizing up.
The European Central Bank held its benchmark interest rate, as expected, at 4 percent Thursday, leaving markets awaiting guidance on the timing of the bank's next move.
Stocks erased morning gains, turning mixed early Wednesday afternoon as investors eyed seesawing oil prices and geared up for Friday's big monthly jobs report.
The dollar took a plunge Friday as there were signs that the European Central Bank would likely continue to raise interest rates next year, sending American markets tumbling and giving a boost to Treasury bonds.
Treasury bond prices tumbled and the dollar fell Thursday after the European Central Bank raised a key interest rate to the highest level in three years -- and signaled more rate hikes were coming.
German business confidence fell more than expected in November as retailers took fright at government tax plans and firms braced for a rise in euro zone interest rates, a survey showed Thursday.
The European Central Bank has held the line on interest rates for the 12th straight month as monetary officials signaled they needed more than time to gauge the impact of high oil prices on inflation and economic growth.
The European Central Bank has left its key interest rate on hold, despite signs that borrowing costs may have to come down soon to spark consumer spending and kick-start the economy.
The Bank of England has left its key interest rate unchanged at 4.0 percent as the economy expands at a steady pace and inflation remains under control.
Treasury prices slipped Thursday after a report on durable goods orders looked soft on the surface but actually proved quite strong underneath, bolstering the outlook for business investment.
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