Dollar — News Archive

Loonie Struggles on Latest Permits Data Release

Canadian dollar is struggling today, engaging in rangebound trading against other majors in spite of the general volatility being seen elsewhere in the currency market. The latest building permits numbers are weighing on the loonie, indicating that the economy might be struggling.

Is NZ Dollar Attractive After Employment Declines?

The New Zealand dollar weakened today as New Zealand employment unexpectedly fell last quarter even though the unemployment rate significantly dropped. But that does not necessary mean that the currency has lost its attractiveness.

Aussie Picks Up as Employment Data Unexpectedly Good

The Australian dollar picked up today, erasing its previous losses, after the employment data came out better than expected, easing concern about economic slowdown in Australia.

US Dollar Gains as Economic Concerns Return

US dollar is heading higher today against its major counterparts, gaining ground as economic concerns return to the world stage. For now, greenback is up against high beta currencies as risk aversion makes an appearance.

Australian Retail Sales Weaken Aussie Further

The Australian dollar fell for the second day against its US counterpart and declined against the Japanese yen as Australia’s retail sales unexpectedly fell in December, adding to signs of economic weakness of the South Pacific country.

US Dollar Pares Some of Its Earlier Gains

US dollar is paring some of its earlier gains as risk appetite begins to make an appearance today. After some political uncertainty in Europe weighed on the euro, the 17-nation currency is now making progress against the US dollar, and the greenback’s performance against other majors is mixed.

AUD Weak After RBA Statement, Manages to Rise vs. JPY

The Australian dollar fell today after the Reserve Bank of Australia indicated in its policy statement that an interest rate cut is likely in the future. The currency rose a little against the Japanese yen as other news from Australia was positive for the most part.

NZ Dollar Follows Commodities in Decline

The New Zealand dollar fell today against its US peer as commodities retreated amid political turmoil in the European Union. The currency also dropped versus the Japanese yen after touching the highest level since August 2008.

CAD Rallies vs. EUR on Political Concerns, Falls vs. USD & JPY

The Canadian dollar rallied against the euro today as political turmoil in Spain undermined the strength of the shared European currency. The loonie erased its gains versus the US dollar and fell against the Japanese yen after reaching the highest level since May 2010.

Aussie Fluctuates Ahead of RBA Meeting

The Australian dollar fluctuated today ahead of tomorrow’s policy meeting of the Reserve Bank of Australia. Today’s fundamental data was mixed, not giving the currency any particular direction to move.

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