Dollar — News Archive

Oil Helps Canadian Dollar in Forex Trading

Canadian dollar is a little bit higher today, thanks in part to oil prices. Crude oil is on the rise again, and yesterday’s announcement of the merger between Shell and BG Group is having its effect as well.

Australian Dollar Gets Boost from Fundamentals

The Australian dollar rallied today, getting a boost from favorable domestic macroeconomic data as well as from speculations that the Federal Reserve will postpone monetary tightening.

Dollar Bounces After Fed Minutes

The US dollar was falling falling during the current trading session before the Federal Reserve released the minutes of its latest policy meeting. The currency bounced after the release, gaining on the euro. The greenback also trimmed its losses against other currencies.

NZ Dollar Gains Ahead of Fed Minutes

The New Zealand dollar gained today as Forex trading were readying for the release of minutes from the Federal Reserve. The US dollar dropped ahead of the event, allowing other currencies to rally.

Dollar Doesn’t Give Up

Lately, there were plenty of speculations if the recent drop of the US dollar means that the greenback has ended its upward thrust and is ready to retreat. As it turned out, the US currency is not yet ready to give up and rallied against its most-traded counterparts on Tuesday.

NZ Dollar Mixed amid Rebalancing

The New Zealand dollar was mixed during the Tuesday’s trading session. The currency dropped against its US counterpart but gained on the Japanese yen while traders were rebalancing their positions after the shock caused by the Friday’s non-farm payrolls from the United States.

Australian Dollar Surges After RBA Refrains from Action

The Australian dollar surged today after the Reserve Bank of Australia decided to leave its cash rate without a change. Better-than-expected retail sales added to the strength of the rally.

Canadian Dollar Continues to Log Gains

Canadian dollar ended higher yesterday, and appears ready to continue logging gains against its major counterparts today. Loonie is mostly higher right now, although commodity market struggles could change the outcome later.

Dollar Bounces After Poor Start of Week

The US dollar started the week with poor performance yet was able to bounce against most major currencies, though not all of them. Today’s data about the US services sector was positive for the most part, providing some support for the currency.

Trading Week Ends on Sour Note for Dollar

Dollar bulls had high expectations for this trading week due to the optimistic outlook for the US non-farm payrolls. But their hopes were shattered after the employment report turned out to be far worse than it was expected.

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