Federal Reserve — News Archive

Dollar Remains Subdued During Quiet Trading

The US dollar remained vulnerable during thin Monday’s trading, subdued by the outlook for a delayed interest rate hike from the Federal Reserve. The greenback managed to pare its losses versus the euro but maintained decline against other majors, including the Great Britain pound and the Japanese yen.

Yuan Firmer as PBoC Sets Daily Fixing Higher

The Chinese yuan advanced today as the nation’s central bank set the reference rate higher. Speculations about possible delay of an interest rate hike from the Federal Reserve were also helping the currency.

Doubts About Interest Rate Hike Make US Dollar Underperform

The US dollar demonstrated an unimpressive performance during the past trading week. While the currency ended trading little changed versus the Japanese yen, it sank against other majors and commodity currencies. The Federal Reserve was the main perpetrator in the greenback’s slump.

Dollar Mixed amid Speculations About Delay of Interest Rate Lift-Off

The dollar remained weak versus the euro on Friday as traders continued to speculate that the Federal Reserve is going to postpone the planned interest rate hike. Yet such speculations did not prevent the dollar from bouncing versus the Great Britain pound and from gaining on the Japanese yen.

Fed Minutes Provides Limited Support for US Dollar

The US dollar has been rather soft during today’s trading but the release of Federal Reserve’s policy minutes changed that. While the currency slipped immediately after the release, it quickly bounced and started to move up, though it looks like the currency’s upward momentum has run its course.

Loonie Remains in Holding Pattern Against Major Counterparts

Canadian dollar is mostly in a holding pattern right now, keeping steady against most of its major counterparts. Even with oil prices getting a little bump today, the loonie is still mostly steady.

Greenback Trades Mixed Against Major Currencies

Even though the greenback is trading mixed against its major counterparts, the dollar index is still higher today, thanks in part to the fact that the euro (which is weighted most heavily in the basket) is lower against the US dollar.

Greenback Continues to Ease Against Its Major Counterparts

US dollar uptrends seem to be reversing right now as concerns about the economy and expectations of policy divergence are reduced.

US Dollar Sinks After Non-Farm Payrolls

The US dollar slumped after the release of US non-farm payrolls as the employment report turned out to be really terrible, clouding the outlook for timing of monetary tightening from the Federal Reserve. It is important to note that the currency is trying to fight back and is rising right now.

UK Pound Continues to Struggle in Forex Trading

UK pound is still struggling in currency trading on the FX market today. The UK pound has had a downside for several days now, and it is likely to continue to struggle, until new data can shed some light on what’s next, and what might result in a change in policy.



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