Dollar — News Archive

Aussie Dips vs. Greenback Ahead of Employment Data

The Australian dollar ticked down against the US dollar today as traders waited for US non-farm payrolls. The losses were limited, and the currency gained against the Japanese yen at the same time.

Canadian Dollar Turns Down

The Canadian dollar rallied on Wednesday after the Bank of Canada kept its monetary policy unchanged. The currency fell on Thursday and continued to move down during the early Friday’s session, though it did not erase its Wednesday’s gains completely.

Australian Dollar Dips as Fundamentals Fail to Support

The Australian dollar dipped today, falling to a new multi-year low against its US counterpart. The currency declined even though macroeconomic data from Australia was positive and should have supported the currency.

US Economic Indicators Remain Beneficial for Dollar

The US dollar gained against nearly all its major counterparts as US macroeconomic indicators continue to be beneficial for the currency. The Great Britain pound was among the few currencies that held ground against the greenback.

Loonie Recovers to Some Degree

The Canadian dollar has been struggling recently, but seems to be enjoying something of a breather right now. The loonie is a little bit higher against the US dollar, thanks in part to slightly higher oil prices today, as well as some profit taking.

NZ Dollar Weakens for Second Day

The New Zealand dollar weakened today, falling for the second session against the US dollar and the Japanese yen. The kiwi was moving sideways against the greenback for the past three months. Against the yen the New Zealand currency was rising since the end of October but halted its rally at the end of November.

AUD Drops to Lowest Since 2010 vs. USD

The Australian dollar fell today, reaching the lowest rate since July 2010 against its US counterpart. The currency dropped as Australia’s economic growth slowed, missing analysts’ projections.

US Dollar Expected to Strengthen on Currency Wars

It looks as though another round of currency wars is expected from central banks as countries try to stimulate their economies by weakening their currencies. One of the exceptions to this move, though, is likely to be the US dollar. With the US economy strengthening recently, it is unlikely that the greenback will be a part of the next race to the bottom.

Aussie Rises for Second Day, Gets Help from Fundamentals

The Australian dollar rallied today, rising for the second consecutive trading session. The currency advanced as the central bank left interest rates unchanged while macroeconomic indicators exceeded economists’ expectations.

Aussie Bounces from Multi-Year Low

The Australian dollar managed to bounce after the initial drop today. The currency rose even though fundamentals were not particularly supportive. The Aussie dropped to the new multi-year low against the US dollar previously.

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