Dollar — News Archive

CAD Falls Over Week, Trims Losses By Weekend

The Canadian dollar fell over the week as prices for crude oil were slipping. The currency bounced by the end of the week, trimming its weekly losses, due to a positive inflation report and recovery of prices for crude.

Dollar Rallies with Help of Impressive Economic Data

The US dollar rallied today with the help of very impressive economic data from the United States. It is a stark contrast to the yesterday’s trading session, which ended with huge losses for the US currency due to bad economic indicators. At the same time, the Great Britain pound was able to outperform the greenback.

NZ Dollar Loses Ground Despite Supportive Data

The New Zealand dollar fell today even though economic data from the South Pacific nation was rather positive, yet it was not enough to halt the long-term downtrend of the currency.

Euro Falls Back After Rally

Euro is falling back now, falling a rally that took place yesterday and in earlier trading. Euro surged higher, especially against the US dollar and the Japanese yen, earlier, but now things are changing. Concerns about risk are back on the table, and lower commodity prices are having their impact.

Oil Weighs Heavily on Canadian Dollar

Canadian dollar continues to struggle, thanks in large part to falling oil prices and stock prices. The loonie reached a five year low against the greenback earlier, and it appears that the struggle is likely to continue.

Aussie Losses Steam Following Yesterday’s Rally

The Australian dollar was retreating against its US counterpart today following yesterday’s huge jump. The currency also fell against other major peers even though Australia’s economic data was rather positive.

Dollar Attempts to Recover After Huge Crash

The US dollar ticked up a little today in an attempt to recover from yesterday’s big crash. Unfavorable economic data and the resulting monetary policy outlook remain detrimental to the US currency and may cause another thrust to the downside.

Dollar Builds on Gains Against European Currencies

Once again, expected policy divergence is taking its toll on European currencies. The US dollar is gaining ground today, with dollar index heading higher and greenback making gains against its high beta counterparts in Europe.

Euro Mostly Lower as Germany Cuts Growth Forecast

Euro is losing ground against some of its counterparts as the latest economic data is released throughout the 18-nation currency zone. Even though Germany’s CPI reading met expectations, the country had to slash its growth forecast.

Australian Dollar Fails to Rally

The Australian dollar was trying to rally earlier during the current trading session but failed and retreated to trade below the opening level as of now. Economic data and comments from central bank’s officials were playing against the currency and contributed to the decline.

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