Dollar — News Archive

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.

USD/CAD Retreats After Touching Highest in Month

The Canadian dollar pared losses against its US peer after a report showed that Canada’s economic growth in May was faster than expected, though USD/CAD reached the highest level in more than a month earlier. The loonie gained versus the euro and was flat against the Japanese yen.

Euro Continues to Trade Mixed

Euro is trading mixed against its major counterparts again today. The 18-nation currency continues to struggle against the US dollar on policy divergence, but is managing to eke out gains against the pound and the yen today.

Building Approvals Drag Australian Dollar Down

The Australian dollar dropped today, pulled down by building approvals data that was much worse than has been expected. The currency also weakened as the market environment was not favorable to risky currencies after yesterday’s news from the United States.

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