The dollar and yen were higher in Tuesday trading amid renewed declines in the equity bourses. The Nasdaq and the S&P 500 were lower by 1% and the Dow Jones softer by 0.75% in afternoon trading. Earlier US economic reports were mixed with Q2 labor costs falling by more than expected to -5.8%, compared with [...]

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The US dollar may have been the weakest of the majors, but most of the losses occurred during the European trading session. Indeed, the greenback actually started making headway following a flurry of US economic releases at 8:30 ET that triggered yet another bout of risk aversion, though the Japanese yen was arguably the bigger [...]

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On Monday, Japanese yen and the US dollar remained the toughest major, just behind the New Zealand dollar, as edgy risk appetite pressured on the S&P 500 and DJIA. The shifts shows that Friday wasn’t essentially a crossroads for the US dollar following the release of better-than-anticipated US non-farm payroll outcome offered a augmentation to [...]

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