Dollar — News Archive

Australian Dollar Behaves Erratically After Employment Report

Australian employment demonstrated better-than-expected growth last month, and it bolstered the Australian dollar at first. Yet not everything in the report was good, and Forex market participants turned their attention to the bad parts of the data subsequently, making the currency sink afterwards.

Dollar Slips as Fed Downplays Optimism

The US dollar slipped against some of its major peers today, including the euro and the Great Britain pound, and trimmed its gains versus the Japanese yen. The greenback was weakened by the Federal Reserve meeting minutes, which suggested that investors should not take economic recovery for granted.

Could Copper Hold the Key to Loonie Performance?

Canadian dollar is higher today, and so are copper prices. While we often think of the loonie as a petrocurrency, the truth might be that it is really more closely related to copper — and that might be giving the Canadian dollar a boost today.

Mixed Fundamentals Subdue Movement of Australian Dollar

The Australian dollar ticked up versus the Japanese yen today, trading sideways against its US counterpart at the same time. Signs of improving consumer confidence helped the Aussie, yet the currency was subdued by the news from China.

For Second Session Dollar Fails to Rally

The US dollar yet again attempted to rally and yet again it failed. Even another better-than-expected employment report was not able to boost the currency, which erased its earlier gains versus the euro and the Great Britain pound and fell versus the Japanese yen today.

Aussie Gains with Business Sentiment

The Australian dollar gained today as the Australian business confidence improved last month, albeit not much. The currency was also supported by hopes for strong employment growth.

NZ Dollar Gains as Fitch Raises New Zealand’s Credit Rating Outlook

The New Zealand dollar gained today as Fitch ratings raised the outlook for the nation’s credit rating from stable to positive, adding to signs that the New Zealand economy performs very well.

Euro Drops Below 1.3600 Level Against US Dollar

Euro has dropped below the 1.3600 level against the US dollar, and is down against other major currencies as well. There is a bit of risk aversion on the Forex market today, as well as speculation that the ECB will have to take further action on stimulus if the euro’s strength remains where it is.

Canadian Dollar Sinks Despite News Being Not That Bad

The Canadian dollar sank today even though the Forex traders’ sentiment towards the currency improved somewhat and not all economic reports from Canada were bad. The currency extended its drop for a second trading session.

Dollar Attempts to Extend Rally, Fails

The US dollar attempted to extend the previous week’s rally against the euro today and was successful at the start of the trading session, but reversed its advance later and trades below the opening level as of now. The greenback also fell versus the Japanese yen but rose against the Great Britain pound.

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