Dollar Weathers Impact of China’s Stock Collapse

The week has started with a surge of risk aversion on the Forex market as the collapse of China’s stock market scared investors. Surprisingly enough, the dollar dropped against its major rivals after the event. Yet the currency reversed its losses very quickly, rising for the most part of the week.

Dollar Bounces as Fischer Doesn’t Discard Possibility of September Hike

The US dollar was rather soft for the most part of Friday’s session but bounced by the close with support of comments from Federal Reserve Vice Chairman Stanley Fischer.

Crude Oil Prices Rescue Canadian Dollar

The Canadian dollar was falling for the most part of Friday’s trading session but reversed its movement as of 14:00 GMT and currently almost erased its losses. The reason for such behavior was the sudden surge of oil prices.

Eurozone Economic Confidence Rises and Sparks Hope for Euro

Economic confidence in the eurozone rose unexpectedly in August. This surprise development in the 19-nation currency region has sparked a little hope for the euro, and sent it higher against some of its major counterparts. Euro is still struggling against macroeconomic issues right now, but the latest confidence in the eurozone should help a little.

Ruble Pulls Back After Massive Gains

The Russian ruble fell on Friday, dragged down by falling crude oil prices. Today’s drop followed yesterday’s massive gains that were also caused by moves of prices for crude.

Pound Extends Decline for Third Session

The Great Britain pound extended its drop for the third straight day against the US dollar during the Friday’s trading session. The currency found little support from domestic macroeconomic data even though indicators were rather good.

Japanese Yen Continues Move Down, Halts Drop vs. Dollar

The Japanese yen fell for the second trading session against the euro and the Great Britain pound today. The currency has also dropped for three days versus the US dollar but paused the decline at the start of the Friday’s session.

Dollar Gains as Market Stabilizes, Data Supports

The US dollar gained on Thursday and retained its strength during the early hours of the Friday’s trading session. The currency rallied as markets stabilized after China’s scare. US economic data was also somewhat supportive for the greenback.

Gains of Australian Dollar Limited

The Australian dollar rose today but gains were rather limited. The currency traded not far from the multi-year low it has touched earlier this week.

Yen Drops as Market Sentiment Shows Signs of Improvement

The Japanese yen dropped today as the market sentiment improved. There was a couple of reasons for this, including the rally of stocks and speculations about the possible timing of an interest rate hike from the Federal Reserve.



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