Federal Reserve — News Archive

US Data Keeps Dollar Strong

Economic data from the United States allowed the US dollar to rally against its major peers, including the Great Britain pound and the Japanese yen, yesterday and to maintain gains today. The currency fell against the euro but not before reaching the highest price since September.

FOMC Minutes Lead to Massive Gains for Dollar

The US dollar jumped today, rising to the highest level since April against the Great Britain pound and the Japanese yen, while also touching the strongest price in almost a year versus the euro. The reason for the stellar performance was the minutes of the latest Federal Reserve policy meeting.

US Housing Market Leads to Gain of USD/KRW

The South Korean won dropped against the US dollar today, demonstrating the biggest decline in two weeks, as positive housing data from the United States bolstered the greenback.

US Dollar Index Drops as Correction Comes

US dollar index is a little bit lower today, dropping after the greenback logged some serious gains earlier. There’s a correction under way as recent retail sales data remains strong in the minds of Forex traders.

Greenback Gains Across the Board

US dollar is gaining against its major counterparts today, heading higher ahead of data releases. Greenback is higher today, and the US dollar index is gaining ground.

Dollar Index Slips, but Could Strengthen Again

The US dollar index has slipped a bit today, losing ground after the recent US dollar rally. Right now, there is a little bit of consolidation happening, and the dollar index is lower. However, when looking at the latest data, there is a good chance that the greenback could strengthen again in the near future.

Yen Falls as Data from USA & Europe Suggests Haven Unnecessary

The Japanese yen weakened today, touching the lowest level since April against the US dollar, as economic data from both the United States and the eurozone was mostly good, making the currency unnecessary in its role of a safe haven.

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.

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