Dollar — News Archive

Canadian Dollar Regains Some Lost Ground

Canadian dollar is regaining some of the ground it lost yesterday. Thanks to slightly higher oil prices and some profit taking, the loonie is higher against its major counterparts.

Greenback Consolidates Some of Its Gains

Greenback is consolidating some of its gains, looking to prepare for what many expect to be a strong bull run. While the dollar might be a little lower against some of its major counterparts, like the euro, the greenback is expected to break out at some point in the future.

NZD Recovers vs. USD, Gains vs. Other Peers

The New Zealand dollar recovered against its US counterpart today following the big drop on Friday. The currency also rose against its other major rivals.

Australian Dollar Opens Sharply Lower, Moves Higher Afterwards

The Australian dollar opened sharply lower today following the release of poor trade data from China over the weekend. The Aussie moved higher after the start of trading as economic data from Australia itself was rather positive.

US Dollar Ends Week with Huge Gains After Non-Farm Payrolls

The US dollar soared during this week, climbing more than 2 percent against its major counterparts, thanks to the impressive non-farm payrolls. The positive employment data fueled expectations of a December interest rate hike from the Federal Reserve.

CAD Drops vs. USD, Supported vs. Other Majors by Employment

The Canadian dollar fell more than 1 percent against the US dollar after the release of US employment data. The loonie performed better against its other most-traded peers as the employment report from Canada itself was also good.

Dollar Soars After NFP, Market Readies for December Hike

The US dollar surged 1.5 percent versus the euro and soared against other major currencies as well today after the release of very strong non-farm payrolls. Now, the market is pricing in a December rate hike that looks very probable.

Loonie Struggles After Scotiabank Forecast

Canadian dollar has been struggling recently in Forex trading, and the latest forecast from Scotiabank isn’t helping matters. With predictions for a weak loonie through 2017, the currency is once again heading lower.

Dollar Soars After Yellen Talks About Possibility of December Rate Hike

The US dollar jumped on Wednesday and retained it gains today after Federal Reserve Chairwoman Janet Yellen confirmed the possibility of an interest rate hike in December. US economic data was also supportive for the greenback.

Aussie Rallies, Struggles to Keep Gains

The Australian dollar rallied today as economic data from both Australia and overseas was supportive for the currency. Nevertheless, the Aussie is struggling to keep gains right now.



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