Nobel Winner Warns Economic Woes Could Endanger Euro
Economic Woes Pressure U.S. Stocks, Dollar Overnight
U.S. equity markets are trading flat to lower overnight amid concerns the markets have little strong economic news to use as a catalyst to launch them higher. The U.S. Dollar is also trading weaker, driven down by a stronger Euro and Japanese Yen on worries the U.S. economic outlook remains bleak.
U.S. Dollar Crushed This Week after Fed Hints at More Economic Aid
The U.S. Dollar finished sharply lower this week after the Fed strongly hinted that it would provide more aid to prevent the economy from derailing. Foreign currency investors reacted as if the Fed had given them the green light to sell the Dollar, delivering a crushing blow to the greenback against all major currencies.
Bullish Australian, China Economic News Boosts Equities
Investors Shying Away from U.S. Dollar in Wake of Economic Concerns
Euro Rallies on Upbeat German Economic News; Will Japan Intervene?
Disappointing Earnings, Economic Data Pressure Stocks
U.S. equity markets lost some momentum on Tuesday as disappointing earnings and economic data pressured demand for equities. Stocks could never get on tract today following Monday’s impressive rally. Early weakness was triggered by disappointing earnings from Procter & Gamble. Later in the session, another series of weak economic news sealed the weakness for the day.
More Bad Economic News Drives Dollar Lower; Fed May Renew QE
The U.S. Dollar was under pressure against most majors on Tuesday on speculation the Fed will consider renewing its quantitative easing program following next week’s FOMC meeting on August 10. Another round of weak economic data also contributed to the weakness in the Greenback which drove the Dollar to its lowest level since April against some of the currency pairs.