The US dollar was sold off on a weaker-than-expected reading of US durable goods orders last month. But most currency traders are waiting for Thursday morning's announcement from the US Federal Reserve after its two-day policy meeting, when more ...
The ruble dropped past the 43 to the U.S. dollar mark late Wednesday and past the 55 to the euro mark Thursday amid an ongoing rout for the Russian currency as traders and investors sell rubles ahead of a Central Bank meeting this Friday.
This was the clearest indication yet that Russia is serious about its plan to shift away from using the US dollar. Western sanctions against Russia have accelerated this process and encouraged Russia's close economic alliance with China.
The US dollar continued its rally on Wednesday, hovering near a four-year high against major currencies. In early trading, it rose over 110 yen for the first time in six years and was close to a two-year high against the euro at $1.25.
Oct 29 (Reuters) - Akamai Technologies Inc, whose service helps speed up delivery of Web content, said a stronger U.S. dollar would hurt revenue growth in the current quarter, sending its shares down as much as 5 percent in after-market trade.
LONDON (Reuters) - The dollar climbed to its highest in more than three weeks against a basket of currencies, buoyed by higher U.S. yields, after the Federal Reserve sounded less dovish on policy and more confident about the U.S. economic recovery.