Dollar — News Archive

NZ Dollar Jumps After S&P Confirms Sovereign Rating

The New Zealand dollar rallied today after Standard & Poor’s confirmed the country’s sovereign credit rating and said that outlook is stable.

CAD at Record High vs. EUR

The Canadian dollar jumped to the record high against the euro today after the European Central Bank disappointed Forex market participants. The ECB refrained from any serious steps to address the issues of the eurozone. It is not surprising that the loonie gained on the euro, falling versus the US dollar and the Japanese yen at the same time.

Aussie Rallies on Growing Retail Sales & Trade Surplus

The Australian dollar rallied today as the positive macroeconomic data led to speculations that the Reserve Bank of Australia would leave its interest rates unchanged at the policy meeting next week.

No QE from Fed Means Stronger Dollar

The US dollar jumped today after the Federal Reserve decided, following the two-day policy meeting, to refrain from performing a new round of quantitative easing.

Euro Waits for Central Bank News

Euro is fairly steady today, as the world waits for central bank decisions. While euro has slipped a little against the US dollar, it is still holding its own. Euro is higher against the pound and the yen.

UK Pound Weaker on Economic Data

Central bank decisions are on the way this week, but that isn’t helping the UK pound much. Indeed, another dismal manufacturing report is dragging on the pound today. The UK recession seems to be deepening, and there is no way that the Olympics are going to be able turn things around.

EUR/CAD Rebound from Record Low as Canada’s Growth Slows

The Canadian dollar fell today against most major currencies after the report showed that economic growth of the North American country slowed more than was anticipated.

US Dollar Mixed in Forex Trading Today

US dollar is mixed in Forex trading today, a product of the unsettled and interesting events taking place right now. There is a bit of risk appetite on the Forex market, and that is weighing on the greenback against the euro, but the dollar is higher against the UK pound on the difficult news out of Britain.

Aussie Gains on Better-Than-Expected Housing Report

The Australian dollar rose today after the release of the housing report that was better than expected by market participants. The positive data reduce the probability of an interest rate cut.

Japanese Yen Rises as Eurozone Uncertainty Grows

Japanese yen is gaining again, rising as eurozone uncertainty continues to grow. Concerns about what’s next for the eurozone dominate the markets right now, and worries about what could happen next have the yen in high demand as a safe haven.

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