Dollar — News Archive

Australian Retail Sales Miss Expectations, Aussie Touches Monthly Low

The Australian dollar touched the lowest level in a month against its US counterpart today after nation’s retail sales rose less than market participants have expected. The currency managed to rebound after the initial drop and currently trades near its opening level.

US Dollar Gains on Demand, ADP Report

US dollar is gaining ground today, heading higher on demand for safer assets. Additionally, the fact that the US economy continues to show progress is helping the greenback against other currencies.

More Bad News for Australian Dollar

The Australian dollar fell to the lowest level in a month against the US dollar and the Japanese yen as the Australian trade balance report was unexpectedly poor, spurring speculations that another interest rate cut is coming.

Bernanke Erodes Dollar’s Strength

The US dollar was weaker against most major currencies today after Federal Reserve Chairman Ben Bernanke reiterated in yesterday’s speech his pledge to keep the monetary policy accommodative. The greenback managed to outperform the Japanese yen, which was undermined by speculations about an intervention from the Bank of Japan.

RBA Slashes Main Interest Rate, Making Aussie Weaker

The Australian dollar dropped today after the Reserve Bank of Australia made a surprise move by cutting its main interest rate. Economists expected that the RBA would hold rates unchanged in the light of the recent positive developments in the global economy.

Aussie Uncertain Ahead of RBA Decision

The Australian dollar was unable to produce a clear trend today ahead of tomorrow’s monetary policy decision of Australia’s central bank. Aussie’s performance against the euro was more defined as the shared 17-nation currency outperformed most of its trading peers, including the Australian currency.

Higher Commodity Prices Lead to Gains of Loonie

The Canadian dollar advanced today as positive macroeconomic indicators and rising prices for raw materials supported demand for the currency tied to commodities. The loonie was unable to outperform the euro, which rallied on the positive news from Spain.

US Dollar Mixed as Forex Traders Await Direction

US dollar is mixed today, performing differently against various majors as Forex traders await direction. There is economic data expected today, as well as a speech coming from Ben Bernanke.

Canadian Dollar Loses Ground against the US Dollar

After firming a bit earlier on the Forex market, Canadian dollar is now falling back. With excitement over Spain fading, and with the boost from better economic data disappearing, the loonie is struggling against the US dollar.

Euro Slips against Dollar in Forex Trading

Euro has changed direction and is heading lower today against the US dollar. Earlier, the 17-nation currency had the upper hand, but optimism is fading and the euro is slipping.

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