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Dollar higher, euro undermined by ECB rate cut expectation NEW YORK: The US dollar rose on Monday, aided by subdued German inflation figures and slower-than-expected manufacturing growth in the euro zone, both of which piled pressure on the European Central Bank to aggressively ease monetary policy this week.The U.S. dollar index rose 0.25 percent on Monday against a basket of currencies that make up its main trading partners . The index is hovering at a fresh two-month high.Attention remains squarely on the ECB's policy meeting on Thursday and the U.S. payrolls report for May on Friday."The euro has been trading on the softer side in general as we go into the ECB meeting as there is some level of caution here," said Alan Ruskin, global head of G19 currency strategy with Deutsche Bank in New York."Plenty of speculation that they don't deliver enough monetary easing or that they deliver but it is already priced in we fall into a ...

Dollar shrugs off downbeat U.S. GDP data and trims losses NEW YORK: The dollar trimmed early losses against other major currencies on Thursday despite a government report showing America's economy shrank at a worse-than-forecast 1 percent annual rate during the first quarter.Though the U.S. Commerce Department reported the first quarterly contraction in the U.S. economy in three years, foreign exchange traders focused on signs U.S. economic activity has shrugged off the chilling effects of North America's harsh winter."Once you get beyond the headline number, and ...
Dollar pushes higher on euro NEW YORK: Foreign exchange traders pushed the US dollar to a 15-week high against the euro on Wednesday, sending US bond yields down to their lowest in nearly one year.With markets convinced that the European Central Bank will take more steps to shore up the eurozone economy on June 5, buyers sought out the dollar, sending the euro down to $1.3590.Yields on the 10-year US Treasury note sank to 2.44 percent, a level last seen ...
C$ little changed as market waits for data  TORONTO: The Canadian dollar firmed modestly against the greenback on Wednesday but stayed stuck in its recent trading range as a lack of economic data until later in the week left it without a catalyst to push it decisively in either direction.Investors were looking ahead to Thursday's domestic current account report and Friday's gross domestic product reading, both for the first quarter. South of the border, GDP will be released on Thursday.While the loonie has ...
Dollar gains, euro eases under $1.36, sterling stumbles NEW YORK: The dollar on Wednesday rose on softness among other major currencies such as the euro, which fell below $1.36 amid gathering expectations of a monetary policy shift next week by the European Central Bank.The U.S. dollar index hit a new eight-week peak of 80.537, reflecting a 0.25 percent decline for the trading day in the euro against the U.S. currency. The measure of a basket of currencies was last at 80.522 in New ...
Dollar edges up against euro NEW YORK: The US dollar edged up against the euro Tuesday helped by modestly positive US economic data.New data releases showed continued gains in home prices in March, an increase in durable goods orders in April, and a rise in consumer confidence over the past month.The euro has slipped steadily for three weeks amid rising expectations that the European Central Bank will take steps to further loosen monetary conditions when policy makers meet on June ...
C$ firms to highest level in over two weeks TORONTO: The Canadian dollar firmed against the greenback on Tuesday to its highest level in over two weeks, though it was not expected to stray from its trading range as investors await key economic reports at the end of the week.With no major domestic data on the calendar, investors took in reports south of the border, including figures that showed orders for long-lasting US manufactured goods unexpectedly rose last month. The loonie edged higher following ...


Index Closing Chg%
Arrow DJIA 16,960.57 0.72
Arrow Nasdaq 4,449.56 0.50
Arrow S&P 1,978.34 0.48
Arrow FTSE 6,791.55 0.44
Arrow DAX 9,644.01 1.53
Arrow CAC-40 4,330.55 1.82
Arrow Nikkei 15,457.87 1.13
Arrow H.Seng 24,216.01 0.31
Arrow Sensex 26,126.75 0.55

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WeeklyJuly 10, 2014
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