Dollar Ends Week with Impressive Gains

The US dollar demonstrated very strong performance during the trading week, and it was a surprise considering all the bad data that has been released from the United States lately. Yet the greenback ended the week with big gains, mostly thanks to the Friday’s surge.

Pound Heads to Weekly Gains Despite Friday’s Drop

The Great Britain pound fell today despite better-than-expected macroeconomic data from the United Kingdom. Still, the currency was heading to a weekly gain against the euro and the Japanese yen, though it likely to end the week with losses against the US dollar.

Yen Stronger After BoJ Makes No Move

The Japanese yen was stronger after a central bank’s policy meeting today as Japanese policy makers yet again decided to refrain from changing anything. The currency gained against the US dollar and the Great Britain pound, though it has trimmed gains versus the former as of now.

Euro Shows No Bias as EU Summit in Riga Concludes

The euro demonstrated no particular bias against the US dollar and the Japanese yen as traders focused on the European Union summit in Latvia. The shared 19-nation currency demonstrated sizable losses against the Great Britain pound.

Poor Data & Fed’s Minutes Discourage Traders from Buying USD

The US dollar declined today as disappointing macroeconomic reports from the United States and the dovish stance of the Federal Reserve discouraged traders from buying the currency. The greenback was slowly regaining its footing against the euro but remained soft against other majors.

Westpac’s Report Doesn’t Support Australian Dollar

The Australian dollar was rather soft during the Wednesday’s trading session despite positive news from Australia. The currency attempted to rally against the euro but pared most of its gains as of now.

Pound Higher After BoE Minutes

The Bank of England released minutes of its May policy meeting during the current trading session. While the Great Britain pound has been flat against the US dollar after the release, the currency gained on its other major rivals, including the euro and the Japanese yen.

Japanese Remains Mostly Lower After Profit Reports

Japanese yen is holding steady today, remaining mostly weak against its major counterparts. Thanks to a weak yen, GDP and company profits in Japan are showing improvement.

Canadian Dollar Falls as Oil Slides

Canadian dollar is mostly lower again today, thanks to the slide in oil prices. The loonie is struggling as oil, once again, falls away from the $60 a barrel mark.

Euro Goes Lower on ECB Bond Purchases & German Business Sentiment

The euro dropped today against its major rivals due to a report that the European Central Bank will expand its bond purchases. Poor economic data from Germany also drove the shared 19-nation currency down.

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