Dollar — News Archive

Euro Slips as Data Disappoints

Euro is heading a little bit lower, slipping as eurozone data disappoints, and as the Spanish bond auction doesn’t go as well as hoped. After hitting a seven-week high against the US dollar, the 17-nation currency is now pulling back.

CAD Gains as BoC Leaves Rates Stable, Downside Pressure Remains

The Canadian dollar gained versus its US counterpart and trimmed the losses against the euro and the Japanese yen today after the Bank of Canada left its target overnight rate stable and continued to speak about future interest rate hikes.

Canadian Dollar Rises on Interest Rate Speculation

Canadian dollar is getting a boost today, rising as Forex traders await the next interest rate announcement from the Bank of Canada.

US Dollar Heads Lower on Returning Risk Appetite

Forex traders and investors are seeking alpha right now, and that means that the US dollar is headed lower. With risk appetite making an appearance, high beta currencies are preferred to the greenback right now.

AUD/USD & AUD/JPY Jump After RBA Cuts Rates

The Australian dollar jumped against its US peer and the Japanese yen today after the Reserve Bank of Australia decided to cut its main cash rate to boost economic growth.

Japanese Yen Short Positions Surge

Japanese yen is heading mostly lower today as short positions surge. Right now, expectations are that the yen will tumble in value, and Forex traders are shorting the currency as a result.

EUR/CAD Posts Weekly Gain, USD/CAD & CAD/JPY Barely Changed

This week was marked by ever-changing sentiment as US politicians were making different remarks regarding talks about avoiding the fiscal cliff. As a result, the Canadian dollar ended the week near its opening level against the US dollar and the Japanese yen because losses and gains balanced each other. The euro outperformed the loonie this week.

Dollar Index Slips as Greenback Turns in Mixed Performance

US dollar is mixed against major currencies today, but its gains against the yen and the pound aren’t helping the dollar index move higher. Instead, the dollar index is slipping on the greenback’s weakness against the euro and the Swiss franc.

Dollar Weak, Attempts to Rebound

The US dollar was weak today amid risk appetite of Forex traders, caused by hopes that the US fiscal cliff can be avoided and Europe will be able to resolve its problems. The currency shows tendency to regain strength as House Speaker John Boehner hurt the market sentiment.

Loonie Pares Losses on New Fiscal Cliff Hopes

Earlier, fears about the United States going over a fiscal cliff sent the Canadian dollar lower. However, hopes are once again on the rise for an agreement to avoid the fiscal cliff, and that is helping the loonie regain some of its lost ground.

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