Commodities — News Archive

US Dollar Strengthens on Likely Policy Divergence

US dollar is heading higher today, strengthening on likely policy divergence with European currencies. Greenback is gaining support as economic data in other regions sour and as commodities fall back.

NZ Dollar Demonstrates Strength vs. Rivals

The New Zealand dollar rallied today with the help of positive macroeconomic data and the weakness of the US currency. The kiwi rallied even as prices for raw materials fell, driving commodity-related currencies down.

Australian Dollar Sinks with Prices for Iron Ore

The Australian dollar sank today, reaching the lowest level since May 2009 against its US counterpart. Australia’s economy relies strongly on export of raw materials, linking the performance of the Aussie to movement of commodity prices.

Australian Dollar Under Pressure, Attempts to Fight

The Australian dollar remained under downside pressure today, falling to the lowest level since March 18 against the US dollar and to the weakest since February 5 versus the Japanese yen. Currently, the Aussie fights the pressure, managing to trim its losses.

Aussie Flat vs. Greenback, Retains Losses vs. Other Rivals

The Australian dollar dipped today against its major rivals. While the currency was staying close to the opening level against the US dollar, it retained losses versus other currencies, including the euro.

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.

Australian Dollar Hurt by Lackluster Motor Vehicle Sales

The Australian dollar was neutral-to-lower today as nation’s macroeconomic data was lackluster, making the currency unable to profit from the strong performance of the commodity market.

Plenty of Reasons for Canadian Dollar to Rally

The Canadian dollar gained against safe currencies, namely the US dollar and the Japanese yen, today. The currency also trimmed its losses versus the euro though remained below the opening level against the shared 19-nation currency.

Australian Dollar Jumps, Supported by Economic Data

The Australian dollar jumped today as economic reports from Australia as well as from the United States were positive, improving the market sentiment and encouraging traders to take more risk.

Dollar Forecast: FOMC in Focus

The US dollar was demonstrating an incredible performance recently, rallying to multi-year highs against many of its most-traded peers. Yet the rally stalled as of now, making traders question what the future holds for the currency.

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