Federal Reserve — News Archive

Aussie Falls on RBA, China Concerns

Australian dollar is struggling today, falling after the Reserve Bank of Australia voted to remain in a holding pattern on interest rates. Additionally, Aussie is finding it difficult to overcome the issues related to slowing Chinese growth.

US Dollar Loses Ground as Carry Trades Dominate

With traders looking for safe haven in an unsettled global market, the US dollar is heading lower. Greenback is struggling as Forex traders turn to the yen and to the euro.

Dollar Weathers Impact of China’s Stock Collapse

The week has started with a surge of risk aversion on the Forex market as the collapse of China’s stock market scared investors. Surprisingly enough, the dollar dropped against its major rivals after the event. Yet the currency reversed its losses very quickly, rising for the most part of the week.

Dollar Bounces as Fischer Doesn’t Discard Possibility of September Hike

The US dollar was rather soft for the most part of Friday’s session but bounced by the close with support of comments from Federal Reserve Vice Chairman Stanley Fischer.

Crude Oil Prices Rescue Canadian Dollar

The Canadian dollar was falling for the most part of Friday’s trading session but reversed its movement as of 14:00 GMT and currently almost erased its losses. The reason for such behavior was the sudden surge of oil prices.

Yen Drops as Market Sentiment Shows Signs of Improvement

The Japanese yen dropped today as the market sentiment improved. There was a couple of reasons for this, including the rally of stocks and speculations about the possible timing of an interest rate hike from the Federal Reserve.

Euro Pulls Back After Yesterday’s Surge

Euro is pulling back against some of its major counterparts today. After yesterday’s surge, some Forex traders are taking profits, while others wait to see if the global instability subsides.

US Dollar Index Moves Higher, Although Gains Are Limited

US dollar index is moving higher today, recovering above the 94.00 level after yesterday’s drop to near the 92.60 level as the carnage in world markets weighed on a number of markets. Today, things are looking mostly up, and the greenback is higher, although gains are limited by speculation that the Fed won’t move to raise rates until the first quarter of 2016.

Week of Fed Minutes Ends with Losses for US Dollar

The US dollar has started the past trading week with a rally but it did not last long. The currency reversed its movement rather quickly and was moving down for the most part of the week. The Federal Reserve’s policy minutes were the major contributor to the greenback’s weakness.

Euro Jumps with Help of Fed Minutes & Greek Bailout

The euro jumped today against its most-traded counterparts, climbing more than 1 percent against the US dollar. Both domestic and overseas news contributed to the rally of the shared 19-nation currency.

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