The US dollar demonstrated a weekly loss for the first time in many weeks. Yet the drop was not as big as it might have been as the risk-negative market sentiment helped the US currency to regain part of its strength by the weekend.
October 10th, 2014 at 10:55
Even though the minutes from the latest Fed meeting indicate that some in the FOMC are concerned about what’s next, and how to deal with a stronger dollar during a global economic slowdown, the greenback is heading higher today. Risk aversion is high, and that is reflected in today’s gains by the dollar.
October 10th, 2014 at 10:26
Once again, Mario Draghi is a bit of a downer. His remarks yesterday at the Brookings Institution are dragging on the euro, since they indicate that the ECB is ready to double-down on stimulus measures likely to weigh on the 18-nation currency.
October 08th, 2014 at 20:25
The US dollar, which were rising earlier today, declined after the Federal Reserve released the minutes of its latest policy meeting, talking about the statement that interest rates will remain low for a “considerable time” and voicing concern about the strength of the greenback.
October 08th, 2014 at 13:08
While the euro was rising earlier today, the shared 18-nation currency has a hard time keeping its gains and was falling against the US dollar, though it trades near the opening level as of now. It is not surprising to see softness of the euro considering that fundamentals were playing against the currency of the eurozone.
October 08th, 2014 at 11:36
US dollar is in the midst of a recovery after yesterday’s selloff. Right now, greenback appears to be correcting by logging gains following excessive selling. However, even with the current gains, a little caution is in order as we wait for the release of the minutes from the latest FOMC meeting, since many of the dollar’s potential gains might already be priced in.
October 06th, 2014 at 19:59
The euro climbed today even though the European macroeconomic indicators were rather unfavorable. The broad-based weakness of the US dollar was the major reason for the rally of the shared 18-nation currency.
October 06th, 2014 at 10:45
The latest payrolls data out of the United States prompted a surge in the greenback, and right now the US dollar appears to be consolidating after its gains. Even though the dollar index is weaker today, there are many that expect more dollar strength to come.
October 04th, 2014 at 18:25
It was another poor trading week for the euro, which fell for the 12th straight week and reached a new multi-year low against the US dollar. While the European Central Bank policy announcement provided moderate support for the shared 18-nation currency, employment data from the United States did not allow the euro to hold onto gains.
October 03rd, 2014 at 13:10
The US dollar surged today after non-farm payrolls came out even better than optimistic expectations, while positive trade data added to the upside momentum. The greenback reached a new multi-year high against the euro and the lowest level in almost 11 months against the Great Britain pound.