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Euro edges up vs dollar on ECB speculation NEW YORK: The euro crept higher against the dollar on Wednesday after Germany's finance minister downplayed prospects that the European Central Bank will unveil new measures to stave off deflation next week.The euro had fallen in the previous three trading sessions against the greenback, hitting nearly a one-year low, in part due to hints the ECB could unveil new easing steps at the September 4 monetary policy meeting.Markets have misinterpreted recent remarks by ECB chief Mario Draghi as hinting at new measures to stave off deflation, German Finance Minister Wolfgang Schaeuble said on Wednesday. "I know Mario Draghi very well," Schaeuble told the regional daily Passauer Neue Presse. "I think he's being over-interpreted."At a central bank symposium in Jackson Hole, Wyoming, last week, Draghi had said that the ECB was becoming concerned about falling inflation expectations and "will use all available instruments needed to ensure price stability over the medium ...

Loonie extends rally to hit one-week high TORONTO: The Canadian dollar strengthened against the greenback on Wednesday, extending the previous session's gains as it benefited from broad US dollar weakness and as investors looked ahead to key data releases at the end of the week.The rally in the US currency over the past two months has been one of the major forces behind the loonie's recent weakness that sent it close to the key resistance level of C$1.10 earlier in the week.The ...
Dollar eases as euro falls on ECB speculation NEW YORK: The dollar softened on Wednesday as traders focused on riskier currencies, while the battered euro hit a 19-month low against the Swiss franc amid speculation the European Central Bank will resort to quantitative easing.Buying of the Australian dollar and other currencies from commodities-centered economies were also helped by the euro's weakness as investors exiting the common currency took on more risk, a strategist said.After rising steadily, and this week repeatedly setting new 2014 ...
Euro sinks further on German weakness signs NEW YORK: The euro's fall continued on Tuesday, pulled down by a weak batch of German data and hints the European Central Bank could unveil easing measures to fight off deflation.The single currency logged its third straight daily drop against the dollar, sinking to $1.3169, the lowest level since early September 2013.Behind the euro's weakness was Monday's report that Germany's Ifo business confidence index fell to the lowest level in 13 months in August.In addition, ...
C$ firms, bouncing off technical resistance TORONTO: The Canadian dollar firmed against the greenback on Tuesday, recovering from a nearly four-month low hit in the overnight session as a dearth of domestic economic data left the loonie drifting.The low had brought the currency within a hair of the psychologically important C$1.10 level, which investors see as a key resistance threshold.The failure to pierce that level is not very encouraging for the US dollar-Canadian dollar bulls from a technical perspective, said Camilla ...
Dollar dips on profit-taking, easing US yields NEW YORK: The dollar softened on Tuesday after a run of gains while the battered euro continued to struggle on expectations of soft inflation data and more monetary easing.The dollar index, a basket of currencies traded against the greenback, was down 0.07 percent in early New York trading after touching a 2014 high of 82.613.Against the yen, the dollar was off 0.15 percent at 103.91 yen.The euro was at $1.3198 after touching a low of ...
Euro sinks again as Germany insists on austerity NEW YORK: The euro fell again against major currencies on Monday as Germany reiterated its insistence on austerity and reform in trying to revive the eurozone economy. The euro sank below $1.32 against the dollar, falling to its lowest level since early September 2013. As recently as May it was above $1.39.The euro also dropped against the British pound and Japanese yen, as German Chancellor Angela Merkel praised Madrid's austerity drive during a visit to ...


Index Closing Chg%
Arrow DJIA 17,122.01 0.09
Arrow Nasdaq 4,569.62 0.02
Arrow S&P 2,000.12 0.01
Arrow FTSE 6,830.66 0.12
Arrow DAX 9,569.71 0.19
Arrow CAC-40 4,395.26 0.04
Arrow Nikkei 15,534.82 0.09
Arrow H.Seng 24,918.75 0.62
Arrow Sensex 26,560.15 0.44

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WeeklyAugust 25, 2014
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