Federal Reserve — News Archive

Euro Slips Below 1.3400 Against the US Dollar

Between German inflation and policy divergence with the United States, the eurozone is struggling — and the 18-nation currency that represents it is losing ground. Indeed, the euro has slipped below 1.3400, falling to a level not seen since last November.

Aussie Dragged Down by Outlook for US Data & Monetary Policy

The Australian dollar fell against its US peer and slipped a bit against the euro, weighed down by the US monetary policy outlook as well as by forecasts of positive macroeconomic reports from the United States.

Hawkish Fed Sends Dollar Higher Against Counterparts

US dollar is higher today, at one point reaching a new eight-month high against the euro. Thanks to the perception that the Federal Reserve is becoming hawkish, the greenback is gaining ground as Forex traders expect tighter monetary policy.

US Dollar Index Heads Higher as Gold Drops

US dollar index is heading higher, gaining ground as gold drops. It’s an interesting situation today, since the dollar index is gaining, even though the euro is heading higher against the dollar for the time being.

EUR/USD Keeps Losses due to Policy Outlook Divergence

The US dollar jumped against the euro yesterday and kept its gains today due to the divergence between the monetary policy outlooks for the United States and the eurozone. The greenback was virtually flat versus the Great Britain pound and somewhat lower against the Japanese yen.

Dollar Steady amid Monetary Policy Speculations

The US dollar held steady today, rising a little against the Japanese yen, as traders were speculating about possible actions of US policy makers and about geopolitical risks that are driving the Forex market right now.

Risk Aversion Helps Dollar End Week with Gains

The US dollar gained this week with help of geopolitical tensions in Eastern Europe and Middle East that were driving the Forex market by the end of the week. The greenback ended the week flat versus the Japanese yen, another currency that profited from the need for safety.

US Dollar Continues to Gain on Expectations

US dollar index is higher today as the greenback continues to gain on expectations for improvement in the economy. With Janet Yellen’s upbeat assessment earlier this week, even slightly mixed data can’t dampen the spirits of those that think the US dollar will soon gain strength as the Fed reduces is easing efforts.

Japanese Yen Heads Higher Against Other Majors

Japanese yen is heading higher today as risk aversion becomes an issue. Concerns stemming from Janet Yellen’s remarks before Congress yesterday are sending high beta currencies lower, and boosting the Japanese yen.

Will the Loonie Erode Further After Poloz?

Loonie has been sinking, in an overall trend kind of way, since Stephen Poloz took over at the Bank of Canada. With another policy statement on the way today, there are expectations that the Canadian dollar could go lower, particularly against the US dollar.

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