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Dollar weakens to 2-year low before jobless data

The dollar slid to a two-year low against the euro as concern that U.S. growth was hampered by a government shutdown earlier this month fueled bets the Federal Reserve will delay reducing stimulus. The dollar slid 0.2 percent to $1.3803

US Dollar Index at 3-year high

The US dollar soared against major currencies on Friday on growing speculation that the Federal Reserve could soon begin to rein in its bond-buying program and after data showed US consumer sentiment hit a 6-year high in early May. The

U.S. Dollar Index in Longest Rise Since June as Jobs Data Show Growth

The Dollar Index, Intercontinental Exchange Inc.’s benchmark that tracks the greenback against the currencies of six major U.S. trading partners, reached its highest level since Aug. 3. It added 0.5 percent to 82.715. The weekly gains streak was the longest

China wants Yuan to be more flexible

China is seeking to bolster the use of yuan in international trade and finance to reduce the U.S. dollar’s global dominance and curb its own reliance on the currency of the world’s biggest economy. China will press ahead with reforms

China Widens Trading Band for Yuan

The Chinese government has agreed to loosen controls somewhat on the yuan and let it fluctuate more widely. As a result, Chinese goods may become more expensive, especially if growth in the yuan’s value accelerates, Purchasers need to keep a

The U.S. dollar’s vanishing act

Against a basket of currencies, the dollar has lost almost 18% since last June and more than 10% since December, raising the concern that panic selling has already set into foreign exchange trade. The U.S. dollar index fell to 72.933

U.S. Dollar Index Falls to Lowest Since 2008

The Dollar Index fell to its lowest level since 2008 as the Federal Reserve’s pledge to keep interest rates near zero to stimulate growth spurred investors to buy higher-yielding assets. The Dollar Index, which tracks the dollar against the currencies

Gold Climbs Toward $1,300 –

Spot gold continues to close in on $1,300 a troy ounce and some suggest it is on track for a rally as high as $1,500, as sustained weakening in the U.S. dollar plays into the hands of the bulls. Gold

The Link Between China, The Yuan and Commodities

Interesting analysis here: A lot of the immediate impact of China’s decision to allow its currency to float higher is being felt by commodities and commodity producers – as in, they’re going up. Pierre Lapointe, global macro strategist at Brockhouse