US Dollar Stages Impressive U-turn Rally on Paulson's Remarks

Friday brought about an unpredictable course of price movements in the currency market. After a week of indecisive movements, the US dollar managed to end the week on a strong note. It was the most extensive one-day rally for the US dollar against the Euro since October, and...

US Dollar Hit By Ugly Durable Goods And Consumer Confidence

Mixed US data out today. Bad US durable goods (-8.3% vs -5%), ugly US consumer confidence (102.9 vs 106 expected), positive US home sales (+0.5% vs -0.6%) and USD-supportive comments from Paulson. Today, US Treasury Secretary Henry Paulson reiterates that a strong dollar...

Bush picks Paulson to replace resigning Snow

"Reuters - President George W. Bush announced on Tuesday that Treasury Secretary John Snow was resigning and that he has nominated Goldman Sachs chairman Henry Paulson to replace him."