Strong German Confidence Trips Dollar
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The dollar slipped on Tuesday as  investors bought euros on the back of strong German confidence  figures and foreign exchange traders resumed their view that  the implicit U.S. policy toward the dollar was one of benign  neglect.
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News German investor confidence had  plunged to its lowest level in almost 2 years gave the dollar  much needed support on Tuesday and European shares eased from  6-month highs after a mixed bag of earnings results.
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The dollar turned higher on Thursday  afternoon, rallying from all-time lows against the euro when  traders took profits in the euro zone currency ahead of a G20  finance ministers' meeting in Berlin this weekend.
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German Gross Domestic Product grew unexpectedly strongly in the second half of last year.
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BERLIN Business confidence in Germany unexpectedly rose in December to its highest level in eight months, figures released on Friday showed.
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The dollar rose slightly against major  currencies on Tuesday, its broad decline arrested somewhat and  even reversed by a much better-than-expected U.S. consumer  confidence report.
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The German economy chalked up its strongest performance in four years last year, thanks almost exclusively to booming global demand for German-made goods, official data showed.
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The dollar jumped one percent against  the yen and hit a four-week high against euro on Thursday,  extending its recent recovery on expectations for rising U.S.  interest rates and better economic data.
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German gross domestic product grew unexpectedly strongly in the second half of last year.
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The dollar edged higher against the Swiss franc and the euro on Monday as traders took profits after the head of the European Central Bank said the euro zone unit&#39;s recent
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German finance professionals grew sharply more pessimistic about the country's economic growth outlook, fearing that the euro's record highs against the U.S. dollar will hurt exports, a monthly survey showed Tuesday.
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Investor confidence in Germany appears to be stabilising with falling oil prices helping take the sting out of the soar-away euro, and the eurozone's biggest economy remains on track for a modest recovery next ...
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The dollar surged against the euro, yen and Swiss franc on Monday as, with a Group of Seven rich nations meeting out of the way, the greenback was free to join a wave of optimism about the US economy.
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Investor confidence in Germany, the eurozone's biggest economy, stabilised, albeit at low levels, in December, as falling oil prices helped offset concerns about the negative economic effects of the strong euro, a new poll showed.
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The euro edged higher in European morning trade on Friday as Germanyâs influential IFO survey beat expectations. The index of business sentiment rose to 96.2 in December, the highest
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The dollar held near one-week highs  against European currencies on Thursday after U.S.  manufacturing figures came in much stronger than expected.
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The dollar strengthened against major  European currencies in largely technical trading on Friday  after two U.S. economic reports matched or beat market  expectations.