The euro was lower against the U.S. dollar on Monday after remarks from ECB officials but investors remain unconvinced the currency will continue to trend lower.
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The rally in the U.S. dollar on the notion that U.S. interest rates could rise sooner rather than later may just be getting started, analysts say.
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The U.S. dollar's decline to multi-week lows against the Japanese yen following Friday's shockingly weak U.S. jobs number represents just a temporary setback for the greenback, according to CNBC's latest poll.
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The U.S. dollar has taken a beating in the aftermath of last week's poor non-farm payrolls report, dealing a blow to those betting on a stellar year for the greenback.
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Dollar bulls are betting the Fed will start tapering as early as this week, CNBCâ??s latest poll of currency traders, analysts and strategists showed.
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For more than a decade, good times in stocks and real estate were bad news for the greenback. Now, though, the dollar is benefiting from the stock market's surge to new highs.
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The dollar barely reacted to President Barack Obama's jobs package in Asia on Friday, while the euro struggled to make any friends after the European Central Bank (ECB) seemed in no rush to resume its tightening policy.
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After a volatile session on Thursday as the International Energy Agency unveiled plans to release strategic reserves in a bid to push oil prices lower, stocks look set for a strong end to the week.
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With many investors still in their bunkers, bulls are emerging to duke it out with bears for control of a stock market that still feels a bit bumpy.
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