December 31st, 2012

Dollar Futures – The dollar fell against most of its biggest peers as Senate Majority Leader Harry Reid said he’s hopeful a last-minute U.S. deficit-reduction deal will be reached to protect all but top earners from a tax increase.

The yen weakened after Finance Minister Taro Aso told reporters at a Dec. 28 briefing that the U.S. should have a stronger dollar. The 17-nation euro fell against most of its 16 major peers as German Chancellor Angela Merkel said the region’s debt crisis was “far from over.”

Continue reading »

August 30th, 2012

Dollar Index Futures – The euro rose approached an eight- week high against the dollar as Italian borrowing costs dropped at an auction on optimism the European Central Bank may soon start buying euro nations’ bonds.

Europe’s shared currency advanced against most of its 16 major peers before Spanish and French leaders meet in Madrid amid speculation of a second bailout. The yen appreciated against the dollar after U.S. economic reports showed jobless claims rose and consumer spending climbed less than forecast. Norway’s krone rose against all its major peers even after a policy maker signaled the central bank won’t accept persistent currency strength.

Continue reading »

May 31st, 2012

Dollar Index Futures – The dollar posted its biggest monthly gain since 2011 in May, beating bonds, stocks and commodities for the first time this year as investors sought refuge in U.S. assets while Europe’s sovereign crisis worsened.

Intercontinental Exchange Inc.’s Dollar Index, which tracks the greenback against the currencies of six major U.S. trading partners, climbed 5.5 percent in May. Global fixed-income assets gained 1.1 percent, including reinvested interest, Bank of America Merrill Lynch indexes show. The MSCI All-Country World Index of stocks lost 8.9 percent with dividends, while the Standard & Poor’s GSCI Total Return Index of metals, fuels and agricultural products fell 13 percent.

Continue reading »