Higher Oil Helps Canadian Dollar

Canadian dollar is getting some help today from higher oil prices. Dollar weakness has set in, and oil prices are moving higher, providing the loonie with a bit of an advantage.

US Dollar Falls as Rate Hike is Pushed Back

One of the things supporting the US dollar in recent months has been the expectation that a rate hike from the Federal Reserve is just around the corner. With the rate hike likely being pushed back, and with commodities gaining ground, the US dollar is dropping.

What Future Holds for Euro After Fed-Inspired Rally?

The euro enjoyed a decent rally last week with the unexpected help from the US Federal Reserve. Will the currency be able to maintain its upward momentum after the initial shock from the Fed’s statement fades?

NZ Dollar Joins Rally Against US Dollar

Like its Australian counterpart, the New Zealand dollar extended its rally today at the expense of the US dollar. The kiwi also had support from domestic economic data released over the weekend.

Australian Dollar Continues to Move Higher

The Australian dollar continued to move higher during the current trading session as the latest policy statement from the Federal Reserve hurt the US dollar, allowing other currencies to carve out gains.

Deflation Fears Hold UK Pound Back

Worries about deflation are holding the UK pound back today. Sterling is mostly lower against its major counterparts, struggling as Forex traders process the weak data already shared and worry about the next data releases.

Euro Adds More Gains

Euro is adding more gains today, heading higher on the Forex market as eurozone officials continue to insist that Greece will remain. Additionally, an improving economic picture is helping the 19-nation currency.

Dollar Ends Its Long Stretch of Weekly Gains

The US dollar ended the week as the biggest loser on the Forex market. This followed the long stretch of weekly gains. For example, the greenback was rising for four straight weeks against the euro and the Japanese yen. Yet markets usually do not move in one direction for long, and the continued rally ended at last.

Dollar Broadly Lower During Friday’s Trading

The US dollar was broadly lower during the Friday’s trading session as the positive market sentiment was encouraging traders to take risk and buy assets that are offering higher yield, making the safety of the US currency less appealing.

CAD-Crosses Demonstrate Mixed Performance

Today’s economic data from Canada was mixed, resulting in varying performance of different CAD-crosses. The currency gained on the US dollar and the Japanese yen but dropped against the euro.

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