The U.S. dollar extends its grind higher, with Australia’s currency rising and the Japanese yen falling as risk sentiment improves.
By Michael Kitchen
LOS ANGELES (MarketWatch) — The U.S. dollar extended its grind higher in Friday trade, with Australia’s currency rising and the Japanese yen falling as risk sentiment improved.
The ICE dollar index , a measure of...
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Yellen testimony to pose risk to the greenback
Janet Yellen, nominated as the next Federal Reserve chief, poses a clear risk to the U.S. dollar outlook as her dovish stance could push out expectations for a scaling back of the Fed's monetary stimulus, analysts say.
In a statement released ahead of Yellen's confirmation hearing before the Senate Banking Committee on Thursday, she conveyed a...
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Oil near $94 as traders eye supply data
Oil rose near $94 a barrel Wednesday, a day after falling to a five-month low.
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Benchmark U.S. crude for December delivery gained 84 cents to close $93.88 on the New York Mercantile Exchange. That followed Tuesday's drop of $2.10 a barrel, which was the sharpest one-day decline since Sept. 10.
Oil is still down $8.53, or...Nikkei jumps to 3-week high on Yellen remarks, Japan GDP tops market
TOKYO, Nov 14 (Reuters) - The Nikkei share average raced to a three-week high on Thursday morning, supported by dovish comments from Federal Reserve Vice Chair Janet Yellen and data showing the Japanese economy notched up its fourth straight quarter of growth.
Yellen, who is expected to take over Fed Chairman Ben Bernanke, said the Fed has...
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