The dollar rose Wednesday against most major currencies, resuming its two-month rally as Federal Reserve Chairman Ben Bernanke explained his plan for winding down government stimulus programs — including boosting interest rates on money the central bank holds for banks.
Higher interest rates, or the expectation of higher rates, can boost a currency as investors transfer [...]
Posts Tagged ‘dollar rose’
Dollar resumes rally as Fed signals tightening
February 11th, 2010 by Financial Writer
Tags: bernanke, dollar rose, european central bank, european union leaders, Federal Reserve, stimulus programs
more...Yen hits 5-month high on dollar, Aussie suffers
July 14th, 2009 by Financial Writer
The dollar rose against the yen on Monday, rebounding from a five-month low, as hopes that U.S. corporate earnings may not be as weak as initially feared sparked gains on Wall Street.
The euro also gained after European Central Bank President Jean-Claude Trichet sounded a bit more upbeat about euro-zone growth for the rest of 2009.
Stocks [...]
Tags: Aussie suffers, dollar rose, us stocks, yen hits