Dollar — News Archive

Loonie Suffers from Poor Canadian Employment Data, Recovers

The Canadian dollar dropped against its US peer and the Japanese yen as a set of poor fundamental data was released today. The currency managed to trim its losses against the yen and advance versus the greenback as well as the euro.

US Dollar Heads Higher on Return of Risk Aversion

US dollar is heading higher today as risk aversion returns to the markets and investors and Forex traders look for safe haven assets. Global economic uncertainty has many wondering what will happen next, and even the threat of QE3 in the United States isn’t keeping the dollar down today.

Aussie Heads Higher on China Rate Cut

China announced, in a surprise decision, that it is cutting its interest rate. The announcement helped maintain risk appetite from yesterday, and provided a boost for the Australian dollar. Aussie is seeing gains today as a result of the Chinese policy decision.

BOE Keeps Stimulus Plan on Hold; UK Pound Rises

The Bank of England kept its benchmark interest rate the same, as well as announced that it will not expand its quantitative easing plan at this time. The news served to help bring the UK pound higher against the US dollar and the euro today.

Aussie Gains with Unexpectedly Growing Employment

The Australian dollar climbed today, rising for the fourth straight session against the US dollar and the Japanese yen, after Australia’s employment unexpectedly rose in May.

US Dollar Falls as Risk Appetite Returns

Risk appetite is returning to the financial markets as the good news about the eurozone takes precedence. As a result, the US dollar is heading lower as Forex traders look for higher yields. However, greenback weakness may not be lasting.

NZ Dollar Climbs as Milk Prices Advance

The New Zealand dollar gained today as milk prices jumped and risk appetite of Forex traders bolstered appeal of currencies tied to prices of commodities. That was the third consecutive session of gains of the currency against the Japanese yen.

Aussie Climbs for Third Session as GDP Growth Beats Forecasts

The Australian dollar advanced today, rising for the third straight session against the US dollar and the Japanese yen, as Australia’s economy grew in the first quarter more than analysts predicted. The currency also rose as Asian shares gained, bolstering demand for higher-yielding assets.

Loonie Advances as Bank of Canada Suggests Interest Rate Hike

The Canadian dollar climbed today after the Bank of Canada left its key overnight rate at 1 percent and hinted that interest rates hikes may follow in the future despite weakening global economic growth.

Aussie Rate Cut Affects Performance Only Slightly

Aussie’s performance has been affected only slightly today after a Reserve Bank of Australia rate cut. Aussie is a recovering against the US dollar today, due mostly to general risk aversion, while the Down Under currency gains slightly against European currencies.

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