Dollar — News Archive

Japanese Yen Mostly Lower as Risk Appetite Returns

Even though markets are somewhat cautious about next week’s risk events, some of that is fading as risk appetite returns — at least for today. The yen, which had the upper hand in earlier trading, is heading lower now as Forex traders look for higher yields.

US Dollar Remains Weak vs. Yen, Attempts to Gain vs. Euro

The US dollar erased its gains versus the Japanese yen yesterday and continued the decline today. The greenback was soft against the euro on yesterday’s trading session, but gained at the beginning of today’s trading session.

Pound Loses Ground as Forex Traders Consider Direction

UK pound is losing ground today, even though the good news out of China is providing a little bit of support. For the most part, Forex traders are in wait and see mode, with no major economic data out of the United Kingdom expected for the rest of the week, and with low volume in general, stemming from holidays in the United States and Japan.

Canadian Dollar Struggles a Bit on Retail Sales Data

Trade has been relatively quiet today, with US markets closed for the Thanksgiving holiday. However, in the Forex market there has been a measure of risk appetite. The Canadian dollar does not seem to be benefitting from that appetite, though, thanks to latest retail sales data.

Dollar Weak on Positive US Fundamentals & Hopes for Greece

The US dollar was soft at the beginning of today’s trading session on hopes that Greece will receive an aid after all. The positive fundamental data from the United States added to the weakness of the greenback. The currency trimmed its losses though and may yet rebound.

Euro Moves Higher, In Spite of Greek Problems

Euro is moving a little bit higher today, gaining ground against the US dollar, even as concerns about the situation in Greece continue to take center stage. Even with the delay, though, the euro is eking out gains as expectations that greater efforts will be made in the future.

NZD Drops vs. USD on Japan’s Exports & Greece, Rises vs. JPY

The New Zealand dollar sank today versus its US counterpart after Japan cut its exports and the meeting of European finance ministers ended without meaningful conclusion. The kiwi, as the New Zealand currency is nicknamed, managed to advance versus the Japanese yen.

RBA Minutes Weaken Australian Dollar

The Reserve Bank of Australia released its monetary policy minutes today, weakening the Australian dollar. The minutes suggested that further monetary easing is possible, while Australia’s economy may grow slower than was previously anticipated.

Canadian Dollar Falls, Losses Limited

The Canadian dollar fell against some of its major peers, including the US dollar and the euro, today together with falling prices for crude oil, the major Canada’s export commodity. Losses were limited because of some good news for the currency.

Euro Struggles Following France Downgrade

Euro is struggling once again, trying to gain the upper hand against the US dollar, as continued concerns about the eurozone crop up. Even though there appears to be a promise of a new bailout for Greece coming, France has been downgraded, and that is causing some worry.

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