The US dollar backed off today against its major peers, but the losses for the most part were not as big as yesterday’s gains. As an exception, the greenback closed flat versus the Japanese yen on Monday and sank today.
Federal Reserve — News Archive
September 14th, 2014 at 6:02
The US dollar demonstrated somewhat mixed performance this week but retained its strength for the most part. Many market analysts consider this as a sign that traders are strongly convinced in inevitability of an interest rate hike from the Federal Reserve.
September 10th, 2014 at 23:16
The US dollar continued to move upward with the help of speculations about an eventual increase of interest rates by the Federal Reserve. The greenback reached the strongest rate in six years versus the Japanese yen. Surprisingly enough, the currency dipped versus the Great Britain pound, which was unexpectedly strong at today’s trading session.
September 10th, 2014 at 3:01
The Canadian dollar bounced today, trimming yesterday’s losses versus its US peer and the euro. The currency also extended its rally versus the Japanese yen for a third straight session.
September 09th, 2014 at 10:49
US dollar index is holding on to some of its earlier gains, even though the greenback isn’t as high against its major counterparts as earlier. Most of the dollar’s strength is coming from other currencies’ weaknesses right now.
Summer has ended, and traders returned from vacations, meaning that trading activity should start picking up. The first trading week of autumn surprised market participants with two shocks: European Central Bank policy announcement and US employment data. What traders can expect from the second week? Let us look at the US dollar and its potential moves against other major currencies.
September 05th, 2014 at 12:25
The Japanese yen traded near the opening level against the US dollar after touching the lowest rate since October 2008 earlier today. The currency is losing ground versus the euro following yesterday’s massive gains.
September 05th, 2014 at 11:36
Most risky currencies fell yesterday after the surprise interest rate cut from the European Central Bank, and the Malaysian ringgit was among them. Today, the Forex market is still shaken, meaning that the yesterday’s trends remain in place.
September 04th, 2014 at 10:48
US dollar is mostly higher today, thanks in large part to policy expectations. Many expect the Federal Reserve to start tightening soon, and that is leading to gains for the greenback.
September 02nd, 2014 at 3:27
The US dollar rose against almost all of its major counterparts today, touching the highest level since January versus the Japanese yen and reaching the strongest rate in a year against euro, as the monetary policy outlook continues to support the currency.