The US dollar extended yesterday’s rally today as positive economic data from the United States fueled talks about a possibility of an early interest rate hike from the Federal Reserve.
Federal Reserve — News Archive
October 30th, 2014 at 23:14
October 29th, 2014 at 15:17
Positive consumer confidence data allowed the New Zealand dollar to rally ahead of policy decisions from the Federal Reserve and the Reserve Bank of New Zealand.
October 23rd, 2014 at 23:18
The US dollar jumped against the Japanese yen today on the back of positive economic reports from the United States. The currency also rose against the Great Britain pound and erased earlier losses versus the euro.
October 22nd, 2014 at 10:32
Risk aversion is back in the markets, and the US dollar is gaining ground as a result. The greenback is still considered one of the safest bets in the world, and with uncertainty all around, and choppy stock performances, it is no surprise that the greenback is preferred right now.
October 20th, 2014 at 10:49
The new speculation about rate hikes is that they might come a little later after all. This new view of interest rates has many Forex traders turning away from the dollar, and instead buying other currencies.
October 16th, 2014 at 2:39
The US dollar ticked up a little today in an attempt to recover from yesterday’s big crash. Unfavorable economic data and the resulting monetary policy outlook remain detrimental to the US currency and may cause another thrust to the downside.
October 13th, 2014 at 19:49
The US dollar continued to experience weakness today as comments of US policy makers were less hawkish than dollar bulls have hoped for, suggesting that the long-awaited monetary tightening may be postponed, and this reduced the appeal of the US currency.
October 13th, 2014 at 10:26
Today’s trade data from China helped many currencies of emerging markets, especially Asian ones. The South Korean won was among winners, rising against the US dollar, which continues to struggle after it has halted its rally.
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 09th, 2014 at 11:23
The Malaysian ringgit, as well as most other currencies, continued to gain against the US dollar at today’s trading session after yesterday’s policy minutes from the Federal Reserve hurt the appeal of the greenback.