u.s. dollar

The dollar dropped to a six-week low against the euro while the yen slid after stocks gained amid speculation CIT Group Inc. will avoid bankruptcy, encouraging higher-yield demand. New Zealand’s dollar climbed versus its U.S. counterpart to the strongest level since June 2 and the Canadian...

China’s foreign-exchange reserves are surging again, helping the Obama administration sell unprecedented amounts of debt as it seeks to drag the world’s biggest economy out of a recession. Stockpiles of currency rose by a record $178 billion in the second quarter to top $2 trillion for the...

For all the criticism of the U.S. currency by leaders of the so-called BRIC nations, dollar bonds sold by the largest emerging-market countries are outperforming debt traded in reais, rubles and yuan. Russian President Dmitry Medvedev, Chinese President Hu Jintao, Indian Prime Minister...

The dollar may be on the “threshold of broad-based” weakness in the medium term, according to Citigroup Inc. The euro may climb to $1.4720 should the currency close this week above so-called resistance between $1.3722 and $1.3739 against the dollar, Citigroup said. Resistance at $1.3722 is...

The dollar may decline against the euro, undermined by central banks trimming their holdings of the U.S. currency and the Federal Reserve printing money to buy assets, according to Nomura International Plc. The dollar will probably weaken to $1.50 per euro by year- end, Stephen Hull, a...

The United Arab Emirates, the second largest Arab economy, has pulled out of the planned monetary union of oil-rich Gulf states, dealing a blow to their goal of establishing a European-style single currency. “It’s like France saying it wants to pull out of the euro,” Eckart Woertz, an...

The yen and the dollar advanced against higher-yielding currencies after economic reports showing the global recession may be prolonged spurred demand for the relative safety of the two currencies. The yen rose versus all 16 of the most-traded currencies after a Japanese report showed the...

The dollar posted the biggest weekly gain versus the euro in more than two months on optimism the worst of the financial crisis in the U.S. is over. The Dollar Index, which tracks the greenback against the currencies of six of its biggest trading partners, completed the largest weekly advance...

The dollar fell against the euro, erasing a weekly gain, on speculation President Barack Obama will announce further assistance to the U.S. auto industry, reducing demand for the U.S. currency as a refuge. Japan’s currency strengthened versus the greenback, paring its first quarterly loss...

The dollar traded near the highest level in a week against the euro after President Barack Obama said the U.S. currency is “extraordinarily strong” because investors are confident in the economy. The yen rose for a second day versus the European currency on speculation Japanese companies are...

Less than a month after lambasting European Central Bank President Jean-Claude Trichet for failing to keep up with Ben S. Bernanke’s efforts to stem the recession, foreign-exchange traders are glad he’s behind the curve. The 16-nation currency strengthened 7.5 percent versus the dollar since...

The yen and the dollar weakened on speculation gains in Asian stocks and U.S. equity futures fueled demand for higher-yielding assets. The euro approached a two-month high against Japan’s currency on expectations European investors will bring home overseas earnings before the end of the first...

The dollar may gain 11 percent against the yen in the next three months should it rise above so-called resistance at 94.63 yen, based on trading patterns, Standard Chartered Plc said. in Singapore. The 94.63 yen level would match the greenback’s highest this year, reached Jan. 6, as well as...

The dollar and yen will strengthen in the next six months as skepticism about a U.S. plan to rescue the banking system increases demand for the currencies as a haven, a survey of Bloomberg users showed. Participants turned positive on the U.S. greenback for the first time since December and...