The European Commission revised its growth forecast for the eurozone last Tuesday to 1.5% from 1.3% in 2015, while keeping it unchanged at 1.9% for next year. The
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The European Commission revised its growth forecast for the eurozone last Tuesday to 1.5% from 1.3% in 2015, while keeping it unchanged at 1.9% for next year. The
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Bank of Japan (BOJ) governor Haruhiko Kuroda said in a semi-annual report at the end of April that Japan’s gross domestic product (GDP) will expand 2% for the fiscal year
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The U.S. dollar slid against the euro and Japanese yen today after the Commerce Department said that U.S. retail sales edged up 0.9% in March, the first gain in four months but
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The U.S. Dollar index
(DXY), a weighted geometric index of the value of the U.S. dollar relative to a basket of six major currencies, rose for the second day in a row to close at
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The USD/JPY dropped to an intraday low of 119.42 yen per dollar on Wednesday, after private payroll processor ADP said that businesses added 189,000 jobs in March, far short
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The USD/JPY dropped to an intraday low of 119.42 yen per dollar on Wednesday, after private payroll processor ADP said that businesses added 189,000 jobs in March, far short
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The
USD/JPY surged to an intraday high of 122.02 yen per dollar on Tuesday, the highest level since July 2007, as the U.S. dollar index (DXY) broke out the psychological head
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The U.S. dollar index (DXY) shrugged off weaker-than-expected U.S. economic data on Monday and rose slightly to close at 95.462. The Bureau of Economic
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The dollar-yen exchange rate didn’t react much after the two-day Bank of Japan
(BOJ) policy meeting turned out to be a non-event. BOJ Governor Haruhiko Kuroda said on
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The U.S. dollar index (DXY) tumbled 1.16% to an intraday low of 94.07 on Thursday after the leaders of Russia, Ukraine, France and Germany reached a ceasefire deal for the
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The European Central Bank
(ECB) announced an aggressive government bond-purchasing program today, worth about 60 billion euros per month, to prop up the sagging Eurozone
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Right after the Swiss National Bank (SNB) decided to discontinue its three-year minimum exchange rate of 1.20 Swiss francs per euro, unsubstantiated speculations
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The 10-year U.S. Treasury yield tumbled to 1.77% on Thursday before bouncing back and closed on Friday at 1.83%. The big decline in the 10-Year U.S. Treasury yield
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The Swiss francs-euro exchange soared from yesterday close at 0.83270 euro per Swiss francs to an intra-day high of 1.04425 euro per Swiss francs today, or almost 20%, as
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The U.S. Dollar Index
(DXY pronounced “Dixie”), which broke out the 90.38 head resistance or 38.2% Fibonacci retracement last Friday, surged to a new high today at
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The euro got off on the wrong foot in 2015 as European Central Bank President Mario Draghi hinted during an interview, with the German financial newspaper
Handelsblatt, that the ECB is moving closer to launching a full-scale quantitative easing
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On Friday, the U.S. Dollar index (DXY pronounced “Dixie”) surged to 89.467 and pulled back to close at 89.36, a 7-year high, as the U.S. nonfarm payrolls for November came in well above expectations. By next year, the DXY will continue
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