By NEW YORK (Reuters) - The dollar steadied against the euro on Wednesday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic.Slideshow The European Union’s executive unveiled a 750 billion euro ($825.23 billion) plan on Wednesday to prop up economies hammered by the coronavirus crisis, hoping to end months of squabbling over how to fund a recovery that has exposed faultlines across the 27-nation bloc.“We are certain Euro merits its strength based on just the high level of...…By NEW YORK (Reuters) - The dollar steadied against the euro on Wednesday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic.Slideshow The European Union’s executive unveiled a 750 billion euro ($825.23 billion) plan on Wednesday to prop up economies hammered by the coronavirus crisis, hoping to end months of squabbling over how to fund a recovery that has exposed faultlines across the 27-nation bloc.“We are certain Euro merits its strength based on just the high level of...WW…

By NEW YORK (Reuters) - The U.S. dollar rose across the board to hit a four-week high against a basket of currencies on Friday, as data showing the COVID-19 pandemic’s continuing toll on the economy boosted demand for the safe-haven currency.U.S. retail sales fell for a third straight month in December amid job losses and renewed measures to slow the spread of COVID-19, the Commerce Department reported on Friday, further evidence the economy lost speed at the end of 2020.The weak data dragged U.S. Treasury yields lower and U.S. stocks fell as investors turned more risk-averse on Friday.“I...…By NEW YORK (Reuters) - The U.S. dollar rose across the board to hit a four-week high against a basket of currencies on Friday, as data showing the COVID-19 pandemic’s continuing toll on the economy boosted demand for the safe-haven currency.U.S. retail sales fell for a third straight month in December amid job losses and renewed measures to slow the spread of COVID-19, the Commerce Department reported on Friday, further evidence the economy lost speed at the end of 2020.The weak data dragged U.S. Treasury yields lower and U.S. stocks fell as investors turned more risk-averse on Friday.“I...WW…

By , NEW YORK (Reuters) - The U.S. dollar jumped against a basket of currencies on Wednesday, as traders used the opportunity of the Federal Reserve’s release of minutes from its last policymaking meeting to take profits.The readout of the Fed’s July 28-29 meeting, published on Wednesday, showed the central bank is considering tweaks to monetary policy that could result in it sticking with aggressive stimulus measures far longer than under its previous rubric. The minutes also showed policymakers concerned that a recovery from the economic downturn triggered by the coronavirus pandemic...…By , NEW YORK (Reuters) - The U.S. dollar jumped against a basket of currencies on Wednesday, as traders used the opportunity of the Federal Reserve’s release of minutes from its last policymaking meeting to take profits.The readout of the Fed’s July 28-29 meeting, published on Wednesday, showed the central bank is considering tweaks to monetary policy that could result in it sticking with aggressive stimulus measures far longer than under its previous rubric. The minutes also showed policymakers concerned that a recovery from the economic downturn triggered by the coronavirus pandemic...WW…

By NEW YORK (Reuters) - The dollar recovered lost ground against a basket of currencies on Wednesday, a day after an emergency interest rate cut by the Federal Reserve knocked the U.S. currency to an eight-week low.Slideshow The U.S. central bank surprised investors by slashing rates by 50 basis points to a target range of 1.00% to 1.25%, two weeks ahead of a regularly scheduled policy meeting, in an effort to combat the economic impact of the coronavirus.The dollar index, which measures the greenback’s strength against a basket of six major currencies, was 0.19% higher at 97.315. The index...…By NEW YORK (Reuters) - The dollar recovered lost ground against a basket of currencies on Wednesday, a day after an emergency interest rate cut by the Federal Reserve knocked the U.S. currency to an eight-week low.Slideshow The U.S. central bank surprised investors by slashing rates by 50 basis points to a target range of 1.00% to 1.25%, two weeks ahead of a regularly scheduled policy meeting, in an effort to combat the economic impact of the coronavirus.The dollar index, which measures the greenback’s strength against a basket of six major currencies, was 0.19% higher at 97.315. The index...WW…