Dollar mixed on earnings news

By Ben Rooney, staff reporter


NEW YORK (CNNMoney.com) -- The dollar was mixed Tuesday as investors welcomed strong quarterly results from Goldman Sachs but remained wary about fiscal challenges facing Greece.

What prices are doing: The dollar rose 0.3% versus the euro to $1.3443 and slipped 0.2% against the U.K. pound at $1.5371. Against the Japanese yen, the dollar gained 0.8% to ¥93.15.

What's moving the market: With no economic reports out Tuesday, investors were focused mainly on corporate earnings and global stock markets.

Shares of Goldman Sachs (GS, Fortune 500) fell as investors remain concerned about allegations the bank defrauded investors, even after it reported a $3.5 billion first-quarter profit.

But U.S. stocks rose on strong earnings reports and tracked gains in overseas markets.

Despite the general rebound in demand for risky assets, the euro remained under pressure amid ongoing concerns about the debt crisis in Greece.

Greece received stronger than expected demand at an auction of short-term Treasury bills, but historically high yields fueled doubts about the country's ability to refinance maturing debt.

Meanwhile, the pound rose after a report showed British consumer prices unexpectedly rose in March.

What analysts are saying: "Investors continue to seek safe havens, and traders are talking openly about default risks for Greece," said Carl Weinberg, chief economist at High Frequency Economics, in a research report.

While Greece was able to raise 1.9 billion euros in a sale of 3-month bills, investors are demanding a 3.65% interest rate. That compares with a rate of 1.6% on the debt those bills will replace, according to Weinberg.

"Investors are increasingly worried about Greece's ability to refinance its maturing debt, never mind raise new money in the markets," he said.  To top of page

Just the hot list include
Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Index Last Change % Change
Dow 32,627.97 -234.33 -0.71%
Nasdaq 13,215.24 99.07 0.76%
S&P 500 3,913.10 -2.36 -0.06%
Treasuries 1.73 0.00 0.12%
Data as of 6:29am ET
Company Price Change % Change
Ford Motor Co 8.29 0.05 0.61%
Advanced Micro Devic... 54.59 0.70 1.30%
Cisco Systems Inc 47.49 -2.44 -4.89%
General Electric Co 13.00 -0.16 -1.22%
Kraft Heinz Co 27.84 -2.20 -7.32%
Data as of 2:44pm ET

Sections

Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More

Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.