Commodities — News Archive

US Dollar Resumes Its Recent Rally

US dollar is heading higher again today, gaining against its major counterparts as European currencies struggle. Positive economic data in the United States is helping, as are concerns about what’s next for some of the European currencies.

Australian & Chinese Economic Data Negative for Aussie

The Australian dollar declined against the Japanese yen and erased the previous rally versus its US peer as economic data from Australia was not particularly good. The manufacturing report from China added to the bearish momentum.

Loonie Down as Commodities Struggle

Canadian dollar is lower today, struggling along with many commodities. One of the big drivers of difficulty today is the fact that there are concerns about growth in China, and commodities are heading lower. As a commodity currency, this development weighs on the loonie.

Canadian Dollar Pulls Back on Commodities, China

Canadian dollar was higher in earlier trading, but has now pulled back. Thanks to concerns about lower commodities and the fact that disappointing data out of China is weighing on sentiment and high beta currencies, the loonie is now losing ground in some cases, particularly against the greenback.

CAD Higher for Now, but More Weakness Could Come

Canadian dollar is higher today, but more weakness could be on the way. For now, the loonie is gaining against its major counterparts as it appears that the economy is still in expansion mode, albeit at a slightly slower pace.

Canadian Dollar Gets Boost from Retail Sales Data

Canadian dollar is getting a bit of a boost today from the latest retail sales data. While the loonie is struggling against some its major counterparts, overall, the Canadian dollar is seeing improvement today. Gains are somewhat limited, though, as commodity currencies face the reality of falling gold and oil prices.

Canadian Dollar Drops on Expectations for Employment Data

Canadian dollar is lower today, dropping against its major counterparts, as Forex traders look ahead to July’s employment data, which many expect to be somewhat disappointing.

Aussie Drops on Possibility of a Rate Cut

Easing is an official part of Australian monetary policy right now, and that is causing a drop for the Aussie. The Australian dollar is losing ground against its major counterparts as RBA officials reiterate a position friendly to further easing.

Gains of Commodities Make NZ Dollar Stronger

The New Zealand dollar advanced today as risk appetite on markets helped riskier assets, driving commodities higher and increasing the appeal of growth-related currencies.

US Dollar Makes Its Move

US dollar is making its move. After heading lower against some of its major counterparts, notably the euro, greenback is heading higher again as uncertainty takes hold and risk aversion sets in. The dollar index is heading higher, the greenback is up against all of its major counterparts.

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