The common currency extended yesterday's intraday losses as traders reacted to additional hawkish comments from Federal Reserve Chairman Bernanke who said "The Fed will strongly resist an erosion in longer-term (inflation) expectations." Bernanke's comments suggest the Fed's rate-easing cycle has likely ended and that the dollar is deriving support from...

Markets are digesting more gains in crude oil and hawkish commentary from Fed Chairman Bernanke this morning. While LEH-6% has fallen below the offering price of $28 per share of its capital raise announced yesterday, other financial names are modestly rebounding in early trading, led by C+4% where CEO Pandit...

Record petroleum imports helped to push up the trade deficit by $4.4 billion in April. However, growth in exports remained strong. Net exports likely will provide another positive contribution to GDP growth in the second quarter.

There has been a lot of speculation about the possibility of currency intervention in the US dollar. In the past year alone, the US dollar has fallen 15 percent in value against the Euro, 18 percent against the Swiss Franc and 13 percent against the Japanese Yen. Over the past...

Jawboning in recent sessions has propped the greenback sharply higher across the board, with the currency hovering near 107.40 against the yen and 1.5450 versus the euro. The verbal intervention of late consisted of commentary from Fed officials and US Treasury Secretary Paulson, which strongly benefited the dollar in tempering...