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Top Stories Measuring value of the dollar depends on view With the value of the U.S. dollar a controversial topic in some quarters, one market strategist says the greenback’s worth largely depends on how one views it, with two indexes telling markedly different stories. After Hours: Gymboree up after forecast; Men's Wearhouse down Shares of the kids' retailer climb late as the higher end of the forecast tops Wall Street’s projection, while the clothier falls after quarterly sales come in lower than expected. 'Volcker rule' may not hit Goldman stock: analyst The “Volcker rule” and other proposed regulation looming over Wall Street may not hit shares of Goldman Sachs because the stock already reflects such risk, analyst says. Earnings Watch: Updates, advisories and surprises A roundup of the latest corporate earnings reports and what companies are saying about future quarters. See All Top Stories >> |
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The Dollar proved to be a little bit of an issue, on an otherwise quiet news day. The Dollar Index started the day higher, flirting with Friday’s peak at 80.855. That is still well below the breakout point at 81.34, but it has moved up away from the rising trend line at 79.99. Fitch called Greek’s bailout plan “uncertain” and also told Bloomberg that it may downgrade Portugal if measures to reduce debt are “insufficient”. Weakness in ... full story >>