Dollar — News Archive

CAD Strengthens on Hopes Financial Disaster in USA Can Be Avoided

The Canadian dollar gained today, rising against its US counterpart, as the risk-positive sentiment dominated the Forex markets, driving investors to riskier currencies with higher yield.

USD Lower vs. Most Majors, Higher vs. EUR & JPY

The US dollar declined against most currencies today on hopes that US politicians will be able to resolve the problems with automatic spending cuts and tax increases that may push the US economy into recession. The greenback managed to gain versus the euro and the Japanese yen.

AUD Attempts to Rally as China’s Manufacturing Expands

The Australian dollar erased its earlier losses versus the Japanese yen and rose against the US dollar (though it slipped back later) as the data showed an expansion of China’s manufacturing sector.

Mixed Week for Dollar Ahead of Year-End

The US dollar had mixed performance this week. There was no particularly important news as markets were quiet amid the holiday season and currencies were moving without specific direction for the most part. The notable exception was the Japanese yen, which continued to weaken on intervention speculations.

Fears of US Fiscal Cliff Have Negative Impact on Canadian Dollar

The Canadian dollar weakened today as concerns about the US fiscal cliff were widespread ahead of negations between President Barack Obama and congressional leaders. The currency erased its gains versus the euro and the Japanese yen.

US Dollar Mixed as Markets Look for Direction

US dollar is mixed today against other major currencies as the markets look for a little more direction. However, things to seem to be leaning toward risk aversion right now, and that could mean a higher dollar against high beta currencies.

NZ Dollar Trim Gains as US Politicians Still Cannot Find Consensus

The New Zealand dollar erased its earlier gains today on concerns that talks among US politicians to avoid the fiscal cliff were unsuccessful so far. The currency went higher against the Japanese yen.

Loonie Higher Against the US Dollar on Risk Appetite

Canadian dollar is higher against the US dollar today as risk appetite makes an appearance. Loonie is gaining ground as fiscal cliff talks are set to resume in the United States. Additionally, the Canadian dollar is getting some help from higher oil prices.

Taiwan Dollar Advances on Hopes for Stimulus

The Taiwan dollar advanced today amid hopes that central banks of developed nations will stimulate their economies, fueling global economic growth. Such hopes increased the attractiveness of Taiwan assets.

What’s Next for the US Dollar?

US dollar is lower today as a touch of risk appetite returns to the markets. The prospect of a fiscal cliff deal is helping to support high beta currencies, and there are also concerns about more easing for the US dollar in the first quarter of 2013.

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