The US dollar strengthened versus the euro and the yen on Thursday on sentiment that the Federal Reserve will raise US interest rates before the end of the year after the minutes of the most recent meeting of the Fed, released yesterday, showed that the decision to cut rates at that meeting was a close […]

The US dollar weakened versus the euro, the yen, and the Swiss franc on Friday, hurt by continuing troubles in the housing market and by gains in oil prices.
The National Association of Realtors reported that sales of previously existing homes fell 1 percent in April, leaving inventories at a 23-year high.
At around noon in New […]

The US dollar declined on Monday in relation to the euro and the Australia and New Zealand dollars as markets in the US observed the Memorial Day holiday.
The greenback was hurt by anticipation of a report due Tuesday that is expected to show that home prices in 20 US metropolitan areas were down 14.2 percent […]

The yen declined versus several major currencies as a rise in US equities sent investors in search of more risky investments.
The US dollar, meanwhile, was helped by a Commerce Department report showing that new home sales in the US rose by 3.3 percent in April, led by a significant increase in sales in the Northeast […]

The yen weakened in relation to the dollar, the euro and the Australian and New Zealand dollars on Wednesday, falling with declines in oil prices which made more investors comfortable with pursuing risky carry trades but tempering declines as the drop in oil prices slowed.
The greenback, meanwhile, was helped by a new report on durable […]

Both the US dollar and the pound touched all-time lows versus the euro on Wednesday on reports that inflation in the Eurozone was up last month.
At 3.6 percent, Eurozone inflation was at its highest in nearly 16 years, decreasing the likelihood that the European Central Bank will cut interest rates and raising the possibility that […]

The US dollar gained versus the euro on Thursday after the prime minister of Luxembourg said that the euro’s recent gains are not “desirable” and that he felt that comments about currencies that emerged from last weekend’s meeting of the G-7 nations had been misunderstood.
Gains for the dollar were limited, however, by the news that […]

Optimism that the credit crisis is easing drove much of the movement in currencies markets on Friday as investors felt comfortable about re-entering risky carry trades, in which purchases of high-yielding currencies are funded by loans in lower-yielding currencies.
The yen, one of the most popular currencies for funding carry trades due to Japan’s 0.5 percent […]