u.s. dollar

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    Dollar Falls to Six-Week Low as CIT Prospects Boost Risk Demand

    The dollar dropped to a six-week low against the euro while the yen slid after stocks gained amid speculation CIT Group Inc. will avoid bankruptcy, encouraging higher-yield demand. New Zealand’s dollar climbed versus its U.S. counterpart to the strongest level since June 2 and the Canadian...
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    China $2 Trillion Reserves Keep U.S. Stimulus Afloat

    China’s foreign-exchange reserves are surging again, helping the Obama administration sell unprecedented amounts of debt as it seeks to drag the world’s biggest economy out of a recession. Stockpiles of currency rose by a record $178 billion in the second quarter to top $2 trillion for the...
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    BRIC Dollar Bonds Beat Ruble Debt as Medvedev Frets

    For all the criticism of the U.S. currency by leaders of the so-called BRIC nations, dollar bonds sold by the largest emerging-market countries are outperforming debt traded in reais, rubles and yuan. Russian President Dmitry Medvedev, Chinese President Hu Jintao, Indian Prime Minister...
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    Dollar Is on ‘Threshold’ of Broad Weakness: Technical Analysis

    The dollar may be on the “threshold of broad-based” weakness in the medium term, according to Citigroup Inc. The euro may climb to $1.4720 should the currency close this week above so-called resistance between $1.3722 and $1.3739 against the dollar, Citigroup said. Resistance at $1.3722 is...
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    Nomura Says Sell the Dollar as Central Banks Reduce Holdings

    The dollar may decline against the euro, undermined by central banks trimming their holdings of the U.S. currency and the Federal Reserve printing money to buy assets, according to Nomura International Plc. The dollar will probably weaken to $1.50 per euro by year- end, Stephen Hull, a...
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    U.A.E. Pulls Out of Gulf Monetary Union Project

    The United Arab Emirates, the second largest Arab economy, has pulled out of the planned monetary union of oil-rich Gulf states, dealing a blow to their goal of establishing a European-style single currency. “It’s like France saying it wants to pull out of the euro,” Eckart Woertz, an...
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    Yen, Dollar Strengthen on Concern Recession Will Be Prolonged

    The yen and the dollar advanced against higher-yielding currencies after economic reports showing the global recession may be prolonged spurred demand for the relative safety of the two currencies. The yen rose versus all 16 of the most-traded currencies after a Japanese report showed the...
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    Dollar Gains Most in 2 Months on Optimism Worst of Crisis Over

    The dollar posted the biggest weekly gain versus the euro in more than two months on optimism the worst of the financial crisis in the U.S. is over. The Dollar Index, which tracks the greenback against the currencies of six of its biggest trading partners, completed the largest weekly advance...
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    Dollar Weakens on Speculation Auto Plan Will Boost Yield Demand

    The dollar fell against the euro, erasing a weekly gain, on speculation President Barack Obama will announce further assistance to the U.S. auto industry, reducing demand for the U.S. currency as a refuge. Japan’s currency strengthened versus the greenback, paring its first quarterly loss...
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    Dollar Near One-Week High After Obama Says Currency Is ‘Strong’

    The dollar traded near the highest level in a week against the euro after President Barack Obama said the U.S. currency is “extraordinarily strong” because investors are confident in the economy. The yen rose for a second day versus the European currency on speculation Japanese companies are...
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    Euro Currency of Choice as Fed Easing Devalues Dollar

    Less than a month after lambasting European Central Bank President Jean-Claude Trichet for failing to keep up with Ben S. Bernanke’s efforts to stem the recession, foreign-exchange traders are glad he’s behind the curve. The 16-nation currency strengthened 7.5 percent versus the dollar since...
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    Yen, Dollar Weaken as Stock Gains Boost Higher-Yield Currencies

    The yen and the dollar weakened on speculation gains in Asian stocks and U.S. equity futures fueled demand for higher-yielding assets. The euro approached a two-month high against Japan’s currency on expectations European investors will bring home overseas earnings before the end of the first...
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    Dollar May Rise 11 Percent Against Yen, Standard Chartered Says

    The dollar may gain 11 percent against the yen in the next three months should it rise above so-called resistance at 94.63 yen, based on trading patterns, Standard Chartered Plc said. in Singapore. The 94.63 yen level would match the greenback’s highest this year, reached Jan. 6, as well as...
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    Dollar, Yen to Rally as Skepticism Over Rescue Plan Increases

    The dollar and yen will strengthen in the next six months as skepticism about a U.S. plan to rescue the banking system increases demand for the currencies as a haven, a survey of Bloomberg users showed. Participants turned positive on the U.S. greenback for the first time since December and...