As was expected, the Federal Reserve dropped the phrase ‘patience’ from its statement, and that should have been a bullish event for the US dollar. Yet in reality the currency tumbled after the announcement. What are possible reasons for such behavior?
March 18th, 2015 at 13:34
Canadian dollar is continuing its fall against the greenback today, heading lower than it’s been in years as Forex traders look forward to today’s Federal Reserve announcement. It’s also not helping matters that oil prices continue to fall.
March 18th, 2015 at 12:26
The New Zealand dollar pared its earlier losses during the Wednesday’s trading session but remains vulnerable as fundamentals, both domestic and overseas, are negative for the currency.
March 18th, 2015 at 11:09
The US dollar index is lower today, while the US dollar trades mixed against its major counterparts. In a lot of ways, the dollar is “wait and see” mode as Forex traders and others await the latest Federal Reserve decision and statement.
The Australian dollar weakened today, though the losses were limited. The Aussie was soft following the release of monetary policy minutes that mentioned probability of an interest rate cut in the future.
March 16th, 2015 at 19:01
The Canadian dollar gained a little on the US dollar and the Japanese yen today after the release of positive economic data from Canada and disappointing reports from the United States. At the same time, the currency logged a substantial drop against the euro.
March 16th, 2015 at 17:50
The US dollar was under selling pressure today because traders are becoming more and more cautious as the Federal Reserve’s policy meeting is nearing. Economic reports from the United States were not helping the greenback either.
March 14th, 2015 at 15:22
The US dollar continued to demonstrate an amazing performance this week, mainly due to the outlook for an early interest rate hike from the Federal Reserve. The currency posted especially big gains versus the euro and the Great Britain pound.
March 13th, 2015 at 10:59
Oil continues to struggle in the markets, and that is bringing the Canadian dollar lower as well. Right now, loonie continues to drop against the greenback, even though it (like every other currency) is higher against the euro.
March 13th, 2015 at 10:39
US dollar has resumed its rally, heading higher again after yesterday’s breather. Greenback is once again up against its major counterparts, gaining ground as rumors about a Fed rate increase swirl.