dollar

HSBC's global research team has suggested US economic data is in ‘Death Valley': not weak enough to guarantee more quantitative easing but not strong enough to be self-sustaining.

The euro has reached an 11-year low against the yen and has fallen sharply against the US dollar as investors sold the single currency following S&P's mass eurozone downgrades last Friday.

Investors should ready themselves for a stronger gold price correction, said investment veteran Jim Rogers.

The pound rebounded today after falling to a year low versus the US dollar yesterday in the wake of the Fed's latest stimulus measures.

GAM has unveiled the GAM Star Credit Opportunities fund, a UCITS III corporate credit fund that will drive returns through investing in undervalued, US dollar-denominated corporate credit.

The Swiss franc has fallen 9% against the euro after the Swiss National Bank (SNB) said it was setting a minimum exchange rate against the single currency.

President Barack Obama has announced a deal to end the US debt crisis, which will raise the nation's debt ceiling by at least $2.1trn and cut the federal deficit by as much as $2.5trn over a decade.

Futures manager Dighton Capital Management has made a bullish call on the dollar even as the debt ceiling crisis continues to worsen.

The dollar has hit a record low against the Swiss franc as investors are kept waiting for signs of progress in US lawmakers' attempt to raise the debt ceiling.

Announcing a haircut on Greek bond holdings would help restore a positive mood to bond markets, which have largely priced in such a move, said DWS Investments' CIO Asoka Wöhrmann.