Dollar — News Archive

Canadian Employment Weighs on Loonie

Canadian employment news is weighing on the loonie today, prompting it to trade mixed as it loses ground to the US dollar. Falling oil prices aren’t helping the Canadian dollar, either.

Dollar Index Drops on Profit Taking and Consolidation

US dollar index is lower today, thanks in large part to profit taking and consolidation. There is a lot going on right now that should be dollar-positive, and the greenback’s recent gains are sufficient reason for a bit of a breather before preparing for more strength.

Loonie Gains Against European Counterparts

Canadian dollar is heading a little higher this week, gaining ground against European counterparts, thanks in large part to the latest trade surplus data. With the Canadian dollar looking for gains related to its economic recovery, and with Europe suffering from economic difficulties and geopolitical uncertainty, it’s no surprise the loonie is gaining.

Disappointing Economic Data Weighs on Euro

Euro is heading lower today, thanks in large part to the disappointing economic data released earlier. Also impacting the euro is the geopolitical situation, which brings with it a great deal of uncertainty right now.

Greenback Gains Across the Board

US dollar is gaining against its major counterparts today, heading higher ahead of data releases. Greenback is higher today, and the US dollar index is gaining ground.

UK Pound Fights Back in Currency Trading

The last week has been a bit humiliating for the UK pound, with persistent losses against major currencies. However, there appears to be some relief in sight for the embattled pound. The currency is gaining a little bit of ground today — at least against the euro.

Canadian Dollar Mostly Unchanged

Canadian dollar is mostly unchanged today, making no major moves higher or lower against its major counterparts. After last month, it appears that there is some consolidation in the currency market as Forex traders consider their options and think about the most recent data.

Dollar Rallies to Weekly Gain, Rally Comes to Halt

This week was rather volatile and unpredictable for the US dollar. While it started favorably for the greenback, the currency’s rally came to halt by the end of the week due to some disappointing economic releases, most importantly worse-than-expected economic data.

Dollar Index Slips, but Could Strengthen Again

The US dollar index has slipped a bit today, losing ground after the recent US dollar rally. Right now, there is a little bit of consolidation happening, and the dollar index is lower. However, when looking at the latest data, there is a good chance that the greenback could strengthen again in the near future.

AUD Loses Gains as Domestic Economic Data Not Favorable

The Australian dollar slipped against its US counterpart as the majority of today’s reports from Australia was bad. The currency also pared gains against the Japanese yen but is currently attempting to rebound.

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